Economics and Personal Finance – Project: Chapter 1 Seven ILLUSTRATED Principles of an Economic Way of Thinking Directions: Each group will be assigned one of the seven principles of an economic way of thinking. You are asked to create a two to five picture / photo sequence illustrating your group’s concept without any words or captions. The final product will look like a comic strip with you as main characters. 1 ….so, kind of like the cartoon above, but with you as the main character(s) and no more than 5 frames, and with no words. Step by Step Procedures: Each group will be assigned a principle of an economic way of thinking. The groups will come up with a visual sequence (scenario/sketch) that represents/illustrates the assigned principles. Each group will take pictures of themselves, illustrating the assigned principle. All pictures should be assembled by one person. Placed in the correct order (sequence) and emailed to me as an attachment as one document. Here is an example if you choose to email me the final product as a Microsoft Word attachment. Principle # __: _______________________________ By: (your names) Pic 1. 1 Pic.2 Pic.3 Pic.4 Pic.5 http://www.crazywebsite.com/pg-Funny-Pictures/2008-Economic-Crisis-Funny-Cartoon-Comics-01.html GRADING RUBRIC: Criteria and Explanation: Possible Points: 1. Relevant / Content specific – *The group’s pictures clearly illustrate its assigned principle of Points Earned: 0-4 an economic way of thinking. 2. Creative / Engaging – *Group’s final product holds viewers’ attention by employing 0-4 group members, props, etc. in an imaginative way. 3. Deadlines and Details – *Group members’ work is done in a productive, cooperative 0-2 manner, and the final product is submitted on time. Final Grade: 0-10 PERIOD 7: Group 1: Group 2: Group 3: Group 4: Group 5: Group 6: Group 7: Scarcity Forces Tradeoffs Costs vs. Benefits THINKING at the Margin Incentives Matter Markets Coordinate Trade Consequences JP Joselyn Armando Kevin R. Faith Amjad Milkyas Esmeralda Fernando Moet William F. Faustino Kahder Rimi Alex Sunny Mohammed Trade Makes People Better Off Summer Malcolm Jonathan D’ontai William H. Erik Naomi Isaiah Future Count Anthony America Haider Kevin T. Darrell