Item Code: Document1 DOK: 4 GLCE: 4-E1.0.4 Performance Task for Economic Unit 4 Fourth Grade Day 1: Directions: Log onto your computer. Open up the internet. In the search engine bar, write BrainPop. When the site opens up, click on “Social Studies” then choose Economics. As the Economics list opens, click on the free video called "Comparing Prices" and watch the video. Watch the video the second time and take notes about how to compare prices. Close out of the program and out of the internet. Log off the computer. Complete the vocabulary activity below. Explain in your own words what Price, Comparison, Deal(noun), Average(in math), expensive, cheap, and an additional term from the movie to define. WORD PRICE: DEFINITION COMPARISON DEAL (Noun) AVERAGE: EXPENSIVE: CHEAP: Source: www.brainpop.com/socialstudies/economics/comparingprices ESSTSBA Cohort 1 3rd/4th Grade Performance Task v 1.2 Author: Lois Fris Item Code: Document1 Day 2: Using local newspapers from Sunday, look through the ads and compare prices from two to three different places, such as Target, WalMart, Meijers, and local grocery stores. Create a chart to show the similarities and differences of costs of at least five products. Day 3: Read the article "Arts and Entertainment" from the 'comparing prices' site. This article is about how comparing prices help people win on the Price is Right Show. After their reading, students fill out a Pro & Cons sheet about a vacation situation. The situation is as follows: You're going to need a bicycle for your three-week vacation at the beach. Renting a bike costs $47.00 per week. Buying the same bike would cost you $160. Calculate which option is more expensive, then fill in the chart to help you make your decision. ARTS and ENTERTAINMENT: How good are you at comparison shopping? If you are really good, you may be eligible to win thousands in cash and valuable prizes on a game show! (or, at the very least, you will be eligible once you turn 18.) If you’re in Southern California you might want to try out for the Price is Right. This staple of daytime TV has been on the air since the 1960s, making it the longest running game show in the history of American television. If you make it to the show’s “Contestants’ Row,” you’ll be asked to name the retail prices of various products. If you succeed, you’ll get a chance to play one of the show’s famous pricing games. For instance, you might be shown two items, with a price tag attached to each, and asked to guess which one offers the biggest discount. Or, you might have to match the digits in the price of a grocery item with the digits in the price of a car. If you’re extra-lucky, you’ll get to spin a giant wheel and guess the price of a “showcase” filled with big-ticket items. Woo hoo! Source: www.brainpop.com/socialstudies/economics/comparingprices ESSTSBA Cohort 1 3rd/4th Grade Performance Task v 1.2 Author: Lois Fris Item Code: Document1 OPTION Renting a Bike PROS CONS Buying a Bike Source: www.brainpop.com/socialstudies/economics/comparingprices Day 4: Students will compare prices and choose the better value in five situations from the 'comparing prices' site from the video. They must also show their work and explain how they arrived at their answer. This activity is called "Choose It". The five situations are as follows: 1. One half-kilogram of bulk sunflower seeds costing 70 cents per 100 grams A 500-milligram bag of prepackaged seeds costing $3.95. 2. Unlimited movie rentals from a video store costing $19 a month. Unlimited movie rentals from an online store costing $1.50 per movie. Note: For this problem, assume that you rent an average of 10 movies per month. 3. A 5-kilogram bag of dog food costing $16.95. Two 2-kilogram bags of dog food costing $4.75 per bag. 4. 6 haircuts at Chez Diva costs $210. One haircut at the Hair Factory costs $20. 5. 1,000 mobile phone minutes for $49 per month. 300 free mobile phone minutes per month, plus 25 cents per minute over 300. For this problem, assume that you talk an average of 500 minutes each month. Day 5: Students will take the ten question quiz which goes with the video "Comparing Prices". Together in class, I will show the video clip "Comparing prices" one more time. Students will be asked to take out any notes from the previous four days which they have taken. After viewing the video clip once again, I will hand out the ten question quiz. ESSTSBA Cohort 1 3rd/4th Grade Performance Task v 1.2 Author: Lois Fris Item Code: Document1 These ten questions are as follows: 1. What is the point of comparing prices: A. To figure out how you can get the most value for your money B. To figure out how much of a certain item you need. C. To figure out how much money you need to spend. D To figure out why some items are expensive and others are cheap. 2. Which of the following is the most important piece of information to consider when comparing prices? A. The wholesale price of the item you want to buy B The average price of the two items you are comparing C The amount of income you have D The price per unit of the items you are comparing 3. In which instance can you not really compare prices? A. When similar items are packaged in different-sized containers. B. When items are sold in bulk. C. When you're comparing two completely different items, like apples and MP3 players. D. When you're shopping for items on the internet. 4. If your phone service costs 5 cents per call, and you make 318 calls, how much do you owe? A. $15.90 B. $14.70 C. $16.10 D. $16.60 5. Which of these is the best deal? A. 10 plastic cups for $2 B. 6 plastic cups for $1 C. 15 plastic cups for $3 ESSTSBA Cohort 1 3rd/4th Grade Performance Task v 1.2 Author: Lois Fris Item Code: Document1 D. 5 plastic cups for $1.50 6. Which of these is the best deal? (Note: there are two pints in a quart, and four quarts in a gallon.) A. One pint of milk for 50 cents. B. One quart of milk for $1.00 C. Two quarts of milk for $1.50 D. A gallon of milk for $2.00 7. If 100 eggs cost $5, how much would 25 eggs cost? A. $1.50 B. $1.25 C $1 D $0.75 8. Which is the best buy: A package of 25 cookies that costs $2.50, a package of 50 cookies that costs $5, or a package of 100 cookies that costs $10? A The $2.50 package B. The $5 package C. The $10 package D. The price per cookie is the same in each deal. 9. Put the following in the correct sequence: A) Make sure the items are comparable B) Find the cost per unit C) Compare the cost per unit prices A. A, C, B B. C, A, B C. A, B, C D. B, C, A 10. What is the most likely reason why someone might not choose the best deal between two options? A. Spending more money than necessary makes people feel good. B. The best deal would save the buyer the most money. C. It may be cheaper to buy in large quantities, buy you may only need a small quantity. ESSTSBA Cohort 1 3rd/4th Grade Performance Task v 1.2 Author: Lois Fris Item Code: Document1 D. Expensive items are almost always better than cheaper ones. ESSTSBA Cohort 1 3rd/4th Grade Performance Task v 1.2 Author: Lois Fris