Lesson 2: "Title"
 
Overview

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Lesson 1

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 Lesson 2

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Lesson 3
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Standards
 






WV State Standards:

Math: CM.2.1, CM.2.4

National Standards: 

Math: 1, 2, 6

Economics: 2, 4

Blooms Taxonomy: Knowledge, Comprehension, Application, Analysis, Synthesis, Evaluation
21st Century Skills:
Learning and Innovation Skills 
Creativity and Innovation Skills
Critical Thinking and Problem Solving Skills
Communication and Collaboration Skills
Information, Media and Technology Skills
Information Literacy
Media Literacy
Life and Career Skills
Flexibility & Adaptability
Initiative & Self-Direction
Social & Cross-Cultural Skills
Productivity & Accountability

Leadership & Responsibility

Overview:

A Fictional Article fromThe Economist

A covert factory in Russia has been making top-secret SPY Pens.  These pens have been a hot item for some time now in the local area due to the remarkable things they can do including:

  • Write

  • GPS capability

  • Cellular telephone transmissions

  • Satellite clock

  • Radio

  • MP3 player

  • Laser

  • Grappling hooks

  • Digital mailbox

  • Swiss army knife

  • Voice Recorder

  • USB port

  • Camera

  • Camcorder

  • Tire gauge

  • Razor

  • Nail file

  • Flash light

  • Text messenger

  • Wireless Internet Access

  • TV

The only problem is that the market has been saturated in Russia.  Just about everyone owns one of these remarkable pens and since they are so good, they rarely break.  There is no one else left to sell them to… or is there? 

Challenge:

Use your sleuth skills to determine the marketing and propaganda techniques necessary to rev up this business into a money making enterprise again. 

Objective(s):

  • Students will increase their understanding of economic forces and improve their research skills as they investigate costs, capital, pricing and advertising.

  • Students will gain a greater understanding of the propaganda techniques used by companies today. Refer to Propaganda Worksheet

Time Required:

Two 45 minute class periods (or three if allowing students to video and edit their commercials)

Pre-Requisite Skills:

An understanding of problem solving skills and ability to work in groups

Instructional Materials:

  • Spy Pen Scenario (found in Overview Section)

  • Digital White Board for Brainstorming

  • Poster Board for Advertisements

  • Digital presentations using video cameras to film kids acting out commercials and projectors to present

Procedure:
  1. The teacher will hand out copies of the scenario (in overview section) and the students will read it first. 

  2. The teacher will ask the kids if they would be interested in owning one of the Russian Spy Pens and if so, how could they use it. 

  3. The students will then brainstorm how people in the United States and in their own communities could use the Spy Pens.

  4. They will then brainstorm how many groups of people or markets might actually exist for this item (i.e. hunters, fishermen, students, hikers)

  5. Then they will brainstorm what might be a price people would be willing to sell the pens for.  They will do this by finding out what a good Swiss army knife and a GPS unit costs. (internet research possibility)

  6. The teacher will show the students a mock ad from The Russian Today magazine that states the asking price that the Russian government has placed on the pens – the equivalent of $150 U.S. dollars.

  7. The students must then assess how much money people in the various market groups would be willing to pay for the pens considering all of the remarkable things these pens can perform. 

  8. Encourage the students to think about all possible problems such as: should they buy one pen first to make sure it works (it does); what will be the shipping costs from Russia; do they want to sell over the internet from a warehouse to save on costs, or distribute to stores; what will be the distribution costs?

  9. Discuss propaganda techniques with students, remind them how commercials are presented on TV today

  10. Finally students will determine one or two definite groups to market the product to, add up total costs, and determine price based on their desired profit goal; prepare a mock advertising jingle to video or sketch for the newspaper or internet using propaganda techniques; set the price and finalize any other details related to launching their product.

Differentiated Instruction:

Create some product to sell at school and go through the entire process of assessing the market, determining price and advertising, location where product will be available, etc.

Author's Notes:

This unit allows kids to explore a little bit of their James Bond side and get creative as to how to market materials.  Students will gain a greater understanding of the propaganda techniques used by companies today. 

21st Century Assessment:

Students will each write a minimum one-page story describing their first year in business.  They must establish a final scenario in terms of how well their advertising worked; did the product sell at the price; did the market expand and the demand go up or down; rough estimate of how much time was spent working to get this business up and running and any other details they may wish to add.

 

 
Copyright 2006 the EdVenture group
The EdVenture Group