Marketplace

Project Description
During class, we are working on developing businesses to create and sell goods, and practicing consumer transactions by buying goods and services. The student plays two roles: a producer (the person who sells goods for a profit) and a consumer (the person who buys goods).
1. As a producer, the student is working with his or her business partners to create a product or service to sell.
2. As a consumer the student is practicing consumer transactions by buying goods (created by other students), using an online banking program to learn how to use a debit card, create online transactions and reconcile a checkbook.

How will the project be evaluated (e.g. how will you gauge its success)
Formative assessments are project packets, observation during marketplace and a final unit test.

Benefit to the students and the school
By the end of the unit students will be able to use proportions to solve multistep ratio and percentage problems, including simple interest, tax, markups, markdowns, gratuities, commissions, fees, percent increase and decrease, percent change and percent error. Students will also be balancing a checkbook and using a digital bank account.

Timeline of Project (when will you do the project, if applicable)
December 1 -December 18