Juliet's Wonderful World of Social Studies - Home



ECONOMICS CONSUMER PROJECT: Budget and Final ReflectionThis sheet will give you the instructions for the sections of your consumer project that remain. Your final project component is due December 19th/20th. If your Consumer Project is not completed prior to the end of the semester you will receive an incomplete for the class until it is completed and turned in. If it is not completed in a reasonable amount of time, the incomplete will become an “F”. The budget breakdown and final reflection are worth almost a third of the total points. The more thoughtful and complete your reflection is, the higher your final score will be- take it seriously and it will pay off. ___________________________________________________________________________________________________________________Budget Breakdown (5 points) Your total annual budget should include the following:A list of all yearly and monthly costs (as determined in the individual sections), with totals for both your annual and monthly budgets. These should be less than your annual and monthly salary income totals. If they are more- you will need to go back and adjust your prior numbers and submit the new evidence for those adjustments.A pie chart for your total monthly expenses broken down by category/section as a percentage of your income. Any remaining money can be designated as money available for entertainment or miscellaneous. Your grade for this section will be based on the accuracy of your math and the completeness of your budget numbers.______________________________________________________________________________________________Final reflection paper (20 points)Throughout this course you have been introduced to the workings of our economy, and particularly, to your role in the economy. For this essay you are asked to describe what you have learned about your role in the economy. Your paper should be about 2 pages, double spaced, 1 inch margins, 12 point font Arial or Times New Roman).For this paper, you are asked to describe what you have learned about your role in the economy. Address the following topics:How the “real world” differed from your expectations? How do you think it is really going to be when you are on your own in 5 years?What common expenses have we not included in these sections? How do you think those purchases/expenditures will affect your budget?What lessons you learned along the way?What difficulties, if any, did you had living within your budget?What were the trade-offs? Opportunity costs? If you didn’t have any difficulties, was it because you had a large income or because you made wise choices? The average US citizen’s income is around $62,000- if your income was higher than that- what steps do you have to take to ensure you reach that level? What your biggest expenses were and why you chose to spend the most on those items?What was most difficult in budgeting your life?What connections you found between our class content & the project?For example, relate the circular flow model to your life, where were you impacted by supply & demand, where did you experience scarcity, how are you impacted by taxes, government fiscal or monetary policy, how did(does) globalization impact you as a consumer)Rubrics for both the Budget and Reflection are on Reverse Side.CONSUMER PROJECT: BUDGET RUBRICCategory012ChartNo budget chart is included.A budget pie chart is included, but it does not contain all of the required parts of the budget (for example, certain numbers are missing, like housing or state income taxes)A budget pie chart is included and it includes all of the required sections.MathAuthor’s math does not correctly reflect the total budget.Math is correct.BalanceAuthor’s budget is out of balance (that is, there is more spending than income) by more than $500Author’s budget is out of balance by less than $500.Author’s budget is balanced.Total Score: _____/5CONSUMER PROJECT: FINAL REFLECTION RUBRIC?1234Lessons LearnedPaper offers little insight into lessons of learned from this assignment.Paper attempts to offer insight about lessons learned from the assignment.Paper offers several insights learned from the assignment.Paper explains how the author will apply these lessons learned in the future.Connection to Economics (x2)Paper makes no connection to economics.Paper attempts to make connections, but the underlying reasoning is incorrect.Paper makes several sound connections between project and economics.Author provides other examples of phenomena observed from beyond project.Personal Role in the EconomyPaper offers no clarification on the author's role in the economy.Paper attempts to provide insight on author's role in the economy.Paper gives a clear, concise explanation of author's role in the economy.Author reassesses personal role in the economy, based on the project.MechanicsPaper is so riddled with errors that it is difficult to interpret the author's point.Paper contains many errors, but the overall meaning remains clear.Paper contains a few errors but communication is effective.Paper shows evidence of careful proofreading and editing.Total Score: _____/20 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download