Revised 1516 Portfolio Check List Final Presentation Grade Economics USE THE TEXTBOOK AS YOUR PRIMARY RESOURCE!
Portfolio Musts: (100pts)
_____/25 1. Must Have a Creative Exterior Cover page with Name, Date, Period, Business Name, Address, and Number.
_____/25 2. Must Have a Table of Contents for Chapters 1-7 Material with pages numbered.
_____/25 3. Project must be in a one-inch three-ring notebook, NO LARGER. One-half inch notebook is acceptable.
_____/10 4. Project must include the items listed below in order and Titled by Chapter 1- 7, separated by chapters with dividers.
_____/15 5. Overall appearance: level of creativity, aesthetics, evidence of high-level effort/work. You may NOT re-use material from earlier chapters and/or units turned in and marked. DO NOT put the pages in page protectors!
_____/100 Unit 1 (Chs. 1-3)
_____/55 Chapter 1 Material
_____/5 Inside Cover Page: Name of Business, Address, Phone Number, Fax Number, and Map (Separate from cover page), Photo of business exterior with business name on it. Photo MUST be of actual building, not a graphic. The map MUST have a major roadway landmark for reference: interstate, major highway, etc., and be clear enough for a customer to follow. The business must have a Henry County address – this is a small, local business.
The Three Economic Questions
_____/10 (EF1a) How does your business answers the Three Economic Questions. One paragraph
each. These should be all on the same page.
· What to Produce?
· For Whom to Produce?
· How to Produce?
Scarce Resources and Goods/Services (Put these on
_____/5 (EF1b,c) List the scarce NATURAL resources used to open your business. Be comprehensive.
_____/5 (EF1b,c) List the Goods & Services you are providing to the consumer. Be comprehensive.
The Four Factors of Production
_____/10 (EF1b) List the Four Factors of Production your business uses and explain each. One paragraph per
factor. Include a specific definition for each factor. For labor: Using pages 205-6 in text book, define/describe how each form of labor is employed in your business – who does what type of labor.
The Circular Flow of Economic Activity
_____/10 (EMI1a) Illustrate the Circular Flow of Economic Activity your business will provide. Explain/give
examples of what belongs in the factor markets box: three examples of Land, three of Capital Goods. Use figure 1.3, p. 15, as an example. Put your business name and three examples of items/services you sell in the Product Market box. YOU must create the model; DO NOT use one off the Internet and copy/paste it.
_____/10 (EF1d,2a) Using the Production Possibility Frontier (1.6 on p. 23) illustrate Alternative Possibilities,
Inefficiency, and Economic Growth. You MUST explain your specific opportunity costs, why your business experiences inefficiency, and why it experiences growth. Show inefficiency and growth on the model. Use the Notes Sheet we worked on in class as a model and make sure there are four models in your project, each properly drawn, fully labeled and correctly explained.
_____/25 Chapter 2 Material
_____/5 (EF4a) Explain which of the Three Economic Systems your business uses. Show advantages and disadvantages. One thorough paragraph.
_____/5 (EF4b) Choose the Economic and Social Goals that could be met by successfully operating your business. (Note: Not all goals will apply; choose those that will. Choose at least 2.) One paragraph per goal.
· Use Ch 2 Section 2
_____/5 (EF4a) Explain your Role as an Entrepreneur. One paragraph. Economic terms properly used expected.
_____/5 (EF4a) Explain the Role of the Consumer. One paragraph. Economic terms properly used expected.
_____/5 (EF5a,b) Explain the role of the Government: How does it relate to your business in terms of each of these roles: protector, provider and/or consumer, and regulator. Provide specific examples of how each role is carried out, relative to your business. Which agency described on p. 180 would most closely/likely affect your business? One paragraph. Economic terms properly used expected.
_____/20 Chapter 3 Material
Explain the Form of business organization you formed. Put all on one page.
_____/5 (EMI4a) Advantages; one paragraph
_____/5 (EMI4a) Disadvantages; one paragraph
_____/10 (EMI4b) Create a One Month Business Statement showing Investments, Sales of Goods and Services (Costs of goods sold, wages, and loan costs), Net Income, and Cash Flow.
· Use Figure 3.4 to help guide you. Must be in boxed chart format, like in the text.
_____/100 Unit 2 (Chs. 4-7)
_____/25 Chapter 4 Material
Show the Demand for your Business
_____/5 (EMI2a) Define the Law of Demand, including the version learned in class, and relate it specifically to your business. One paragraph.
_____/5 (EMI2a,3a) Demand Schedule: Create a schedule for one product/service you produce and show demand
at 5 prices. State the product/service.
_____/10 (EMI2c) Demand Curve. It must not be a straight line. Include the product/service. The demand
schedule and curve MUST be on the same page.
_____/5 (EMI3c) Possible Elasticity or Inelasticity. Illustrate this by creating a chart based on Figure 4.6 on p.
106. Include three products/services your business produces and determine their elasticity. In a paragraph, explain the chart.
_____/25 Chapter 5 Material
Show the Supply for your Business
_____/5 (EMI2a) Define the Law of Supply, including the version learned in class, and relate it directly to your business. One paragraph.
_____/5 (EMI2c,3c) Supply Schedule: Create a schedule for one product/service you produce and show supply at
5 prices. Include the name of the product/service.
_____/10 (MI2c) Supply Curve. It must not be a straight line. Include the name of the product/service. The
schedule and curve MUST be on the same page.
_____/5 (MI3c) Possible Elasticity or Inelasticity: Explain if your business is basically elastic or inelastic. Read
Elasticity of Supply, p. 118-120, and explain based on the information in the text.
_____/25 Chapter 6 Material
Illustrate the Best Price and Quantity by creating…
_____/10 (EMI3a) A Market Schedule (6.2)
_____/10 (EMI3a) A Market Curve (6.2) The demand and supply curves must not be straight lines. The schedule
and curve MUST be on the same page.
_____/5 (EMI3b) Show Equilibrium, Surplus, and Shortage ON THE MARKET CURVE MODEL ITSELF.
Do not sow these by using a color-coded key underneath the model (6.2).
_____/25 Chapter 7 Material
_____ /5 (EMI4a) Explain what type of Market Structure your business is. (7.1: Monopolistic Competition)
_____/5 (EMI2d) How does it Compete (explain methods/examples of competition; look under monopolistic
competition)? Be specific in describing the methods you use to compete, using terms from the text book. One paragraph.
_____/5 (EMI2d) Who are your competitors? (specific names of actual businesses; for local businesses, include the street address)
Illustrate Market Failures and Successes
_____/5 Define Negative Externality, and describe one affecting your business (175-176). Cannot use any
examples from the text book.
_____/5 Define Positive Externality, and describe one affecting your business (175-176). Cannot use any examples from the text book. YOU MAY NOT USE THE SAME SITUATION FOR NEGATIVE AND POSITIVE EXTERNALITIES.