For Module 6, you will be completing a project. Please read the lessons first and then fill out the charts.

When you reach a Stop Sign on the file, save your work and submit your file for a grade.

Part One: Choose an economic issue that is important to your community

Potential Economic Policy Topics

•Affordable Housing

•Air pollution

•Animal overpopulation

•Biodiversity

•Climate change

•Deforestation

•Energy conservation

•Erosion

•Hazardous waste

•Hunger

•Inequality

•Invasive Species

•Malnutrition

•Natural catastrophe

•Noise pollution

•Over Population

•Poverty

•Resource stripping

•Sanitation

•Transportation

•Urban Blight

•Violence

•Waste/Recycling

•Water pollution

•Water scarcity

Watch the 6.01 Video:

6.01 Research Chart
Choose/Define your chosen situation
or problem from above:
Subject / Guiding Questions / Your Responses
  1. Take the issue you have chosen and explain how it affects your community.

  1. What do members of your family and community say about the issue?

Subject / Guiding Questions / Your Responses
Construct a circular-flow diagram that incorporates effects of your chosen issue on economic products and various sectors of the economy. (Chart is below that will be filled out)
Videos on the Circular Flow Model
Circular Flow (AC/DC)

Simply Circular Flow

Financial Institutions & The Circular Flow

Government and The Circular Flow

Exports & The Circular Flow
/ 3. How does this issue affect households and local residents?
4. How does this issue affect area businesses?
5. How does this issue affect our government at the local, state, and national levels? / Local –
State –
National –
  1. How does this issue affect the rest of the world?

  1. How does the issue affect resources, goods and services, and finances?
/ Resources –
Goods and Services –
Finances
Circular Flow Diagram Below. Complete connecting all areas for both connections.
Delete info in white boxes and type the connection in the box so it shows the relationship going both ways.
What is your issue?
What industry or business contributes to this problem/issue?

Replace the questions in the white boxes with your explanations?It should all relate back to your issue &/or industry that contributes to the problem.


SAVE THE FILE AS “Mod 6 Project 1” AND SUBMIT FOR 6.01

This next section is for the 6.02-6.03 Research Chart. Submit the full chart for 6.03.

6.02 Research Chart
Subject / Guiding Questions / Your Response
Identify the important criteria to evaluate possible solutions. /
  1. What are the necessary conditions for any possible solution to work?

  1. Are there budget or labor concerns?

  1. Does the public need to be aware of and support the solution?

  1. What challenges are there to implementing each solution?

  1. How else might you judge possible solutions against each other?

  1. What do your parents say about the issue?

  1. Should possible externalities factor into the chosen solution?

6.03 Research Chart
Subject / Guiding Questions / Your Responses
Consider all possible solutions or alternatives. /
  1. Give 3 possible solutions to the economic issue you are investigating.
/ 1.
2.
3.
  1. Why would some people oppose the solutions you have chosen? (Answer for each solution)
/ 1.
2.
3.
Calculate the consequences of these solutions—both intended and unintended at all levels of the economy.
VIDEOS ON EXTERNALITIES
FLVS Externalities

AC/DC Economics on Externalities

Negative Externalities-Khan Academy

Positive Externalities-Khan Academy
/
  1. What positive or negative externalities does this issue present at each sector of the economy? Refer to your circular-flow diagram.
Be sure you look at the positive and negative for EACH of your solutions from above. / Households –
Positive –
1.
2.
Negative –
1.
2.
Businesses –
Positive –
1.
2.
Negative –
1.
2.
Government –
Positive –
1.
2.
Negative –
1.
2.
Rest of the world –
Positive –
1.
2.
Negative
1.
2.
  1. What incentives do individuals, businesses, and government have to act on each possible solution?
Be sure to look at each solution for each incentive. / Individuals –
1.
2.
Businesses –
1.
2.
Government –
1.
2.
  1. What are the externalities, both positive and negative that could result from each possible solution?
/ Positive –
1.
2.
Negative –
1.
2.

SUBMIT FULL CHART FOR 6.03 – DO NOT DELETE THE PORTION FROM 6.01!!!
This portion is NOT required to be completed. It will help you tremendously for 6.05 though.

6.04 Picture Collection Activity

For your 6.05 presentation (powerpoint template recommended: )

Be sure to keep a record of where you found your pictures for the citations list.

This next section is for your 6.05 Research Project assessment. Use the rational decision making model:

1. Define the situation or problem

2. Identify the important criteria to evaluate possible solutions

3. Consider all possible solutions or alternatives

4. Calculate the consequences of these solutions versus satisfying the criteria

5. Choose the best option

6.05
Subject / Guiding Questions / Your Responses
Step 2:
Identify the important criteria to evaluate possible solutions / What sort of items will you be looking at to pick the best solution? Use what you learned from the whole course (costs/benefits/etc) / Criteria (several/same you will use for ALL solutions) -
Analyze and Choose / How does each possible solution for your chosen issue meet or fail to meet each of your criteria?
Refer back to your chart for 6.02 and the criteria for conditions, budget/labor concerns, public support, your parents ideas, how do they compare to each other, and externalities. / Solution 1 –
Solution 2 –
Solution 3 -
Based on your research, which is the best solution to turn into action? Explain why you made this choice over the other possible solutions. Refer back to the criteria and the externalities.

Now it is time to create your presentation. You should create a presentation that includes ALL of your research. Your introduction should come from your research in 6.01. The “meat” of your presentation will come from you findings in 6.02, 6.03, and 6.04. Your conclusion will come from your findings in 6.05.

Your presentation can be anything including a slide show, video, website, speech, essay with charts, skit, or blog. Just be sure that EVERYTHING is included and that you do not simply list your research charts. They should be incorporated into your presentation – not just copied and pasted.

You can also use this template to create your presentation.

Good luck.