This semester we are using the project based learning approach to learning Economics. Students are involved in a number of projects, all using technology, where they can demonstrate their learning.
We learned about the different economic systems throughout the world and how each economic system differs in terms of who owns the economic resources makes the decisions about their use. We related these economic systems to help characterize capitalism and socialism.
Groups of students studied and characterized the economic systems of different countries. Check out this excellent presentation on the country of Canada.
Students built concept maps to organize their understanding of the meaning of demand and the factors that shift the demand curve. Check out this fantastic example.
Students used the Keynote app to draw a model of the circular flow of income and output and add their voiceover explaining the model. Here is a great example made into a video.
Students created their own blogs where they are posting their economic understandings. Check out some of our blogs and leave us some comments; we would love to get into some discussions.
One of the topics we learned about includes personal economics and topics such as going into debt, buying a home, being a consumer, and saving for retirement. As part of this unit, groups of students "purchased" stocks traded on the NYSE. We will be checking how our investments did in the coming weeks. One of the goals of this project is not only to see how one can earn income from investing in stocks, but to understand the importance of diversification and to see how difficult it really is to make investment choices.