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ECON 247 … Economics for Everyday Living


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ECON 247 … Economics for Everyday Living

  1. 1. ECON 247 – Economics for Everyday Living May Term - 2009 GROUP PROJECTS Tuesday, June 2 is Project Presentation day. We will divide ourselves into four groups – 2 groups of 3 people each, and 2 groups of 4 people each. You will be randomly put into a group and assigned a topic – see below. Each group presentation should last for about 45 minutes. At this point I plan to open up the presentations to the public. I will be happy to change my mind on that if anyone of you can point out a good reason why the presentations should not be an open event. When I do not know whom to attribute a quote I’d like to use, I make up the name of an important person and indulge in an act of harmless, willful attribution. The Nobel Laureate Paul Samuelson once said “In economics the questions remain the same, the answers change!” The same can be said for Personal Finance. The presentations in this class will attempt to reflect this sentiment. Each group should think of itself as a Research Assistant Team (or as they say in AcronymLand – RAT) to a consulting firm which sends out Personal Finance evangelists. The firm’s evangelist minister to different groups, and bring out small publications which are useful. Each team’s task is to prepare a 30-45 minute presentation for one of the groups that the firm caters to. The four client groups are: 1. Seminar for High School students. – Group 1 2. Seminar for Young Adults starting to work – like some of you. – Group 2 3. Seminar for the General Public. – Group 3 4. Personal Finance - What Should Families Talk About and How Should They Do It. – Group 4 Your presentations should use the conceptual frameworks you are hopefully learning in this class to get your audience to understand theoretical underpinnings and practical strategies involved in putting together a personal finance plan. Clearly what is relevant, what should be emphasized, and how it should be done differs from group to group. That is where your groups’s creativity becomes important. You will be evaluated on both form and essence. That means I am interested in what you say and how you say it. Also you should have relevant handouts, and pedagogical aids as part of your presentation. In general you will be evaluated using the following rubric.