Tag Archive | economics

SMART Exchange – Business Resources

What is it?

SMART exchange is a website where you can search different lessons created by teachers using SMART notebook.  This is more specifically for the teachers that have access to a SMART board but you can preview the entire presentation in which you can get an idea of how to teach a subject.

Screenshot of preview

This website does provide a variety of resources in many subjects including math, social studies, English, and business.

A look at some of the different presentations available: 

The “Economic Basics: Supply and Demand” (see picture above) is a SMART Notebook presentation and questionnaire that tests students understanding of supply and demand.  This uses features such as clicking on an answer and then it moves to a particular slide depending on whether or not the right answer was right or wrong.  This fits into the Economics curriculum.

The “Problem Solving: Debt Management” is a presentation that checks students’ understanding of aspects of loans, how to generate an amortization schedule, and provides scenarios in which students must come up with a solution to the problem.  This presentation uses the SMART response clicker feature where students are given a keypad and must push the button that corresponds to the right answer.  Once completed, the teacher can view everyone’s responses in different ways including a pie chart and bar graph.  This fits into the Life Transitions 20/30 curriculum.

What do I like about SMART Exchange?

  • Provides curriculum outcomes for every grade in every province in Canada but for a few subjects including math, social sciences, science, and English.
  • User friendly.
  • If you download the presentation, you can edit it to meet your outcome, or you can just download and use it the way it is.
  • Mostly made by teachers to help accomplish curriculum outcomes.
  • Presentations use neat features that you cannot find with Prezi or PowerPoint.
  • Interactive and engaging presentations.
  • Provides previews before downloading in case you don’t like the presentation (or don’t have SMART Notebook).
  • Don’t need an account (unless you’re uploading a presentation to the site).
  • Provides presentations in case you want to create your own and don’t know how and how to use different features of SMART Notebook.

What do I dislike about it?

  • Like slideshare, I had problems finding presentations that matched what I was searching.

Where does this fit into the curriculum and how would I use it?

This fits in just about every curriculum (ex. I’ve shown Economics and Life Transitions).  This is a great way to engage your students and get them involved in their learning.

In a classroom, I could use these presentations at any time (even if I made my own SMART presentation) to either introduce or develop a topic or I could also use it to test students understanding of a topic by using the different question features this technology provides.

Evaluation of SMART exchange.

Overall, SMART exchange is a very resourceful website where teachers can “borrow” other teacher’s presentations.  It is engaging for the students and could get the students involved in their own learning.  I would definitely use some of the resources from this website in my own actual classroom.

If I had to give this website a numerical value, I would give it a 8/10.

Buzzle.com – Business Resources

Buzzle.com is a website that contains articles on just about any topic (animals, education, business, art, entertainment, etc).  Specifically, I will be looking at the business and finance category.  However, there are many topics covered in this category and so I will discuss two articles that I can use in a business classroom: Generally Accepted Accounting Principles and Demand and Supply Analysis.

1.  What is the “Generally Accepted Accounting Principles” article?

This article discusses what GAAP is and it lists the guideline’s principles.  The article also elaborates on the principles to allow the reader to gain a deeper understanding of these principles.

What do I like about it?

  • Language and wording used is understandable.
  • User friendly.
  • Organized.
  • Provides a definition of what GAAP’s are.
  • Not only lists the GAAP’s but elaborates on them for deeper understanding.
  • Provides related articles in the right tab.
  • Page is colourful and provides a picture to increase engagement and likeliness to read article.

What do I dislike about it?

  • When the article states “The subsequent paragraphs discuss and elaborate upon each principle of the GAAP so that you gain a clear understanding of them,” I was expecting more than just a sentence or two about each principle.  I expected them to actually “elaborate” which in the word’s definition means to “express in great detail” and, in my opinion, means more than just a sentence or two.
  • Also, when listing the principles, I wish they would have listed what the principle said and then elaborated on it, rather than just the title of the principle and then elaborated.

Where does this fit into the curriculum and how would I use it?

This fits into learning objective 1.8 in Module 1 of the Accounting 10/20/30 curriculum (pg 13) which states: “To develop and explain the concept and acceptance of Generally Accepted Accounting Principles (GAAPs).”  This article discusses what the GAAP’s are for, what they are and discusses them in ways that could be understood by high school students.

In my classroom, I might use this in conjunction with the actual GAAP’s.  Individually or in groups, I would get the students to go through the actual written GAAP’s to get an understanding of the concept and then I would get them to read over this article to deepen their understanding of GAAP’s.

2. What is the “Demand and Supply Analysis” article?

This is an article that analyzes the relationship between supply and demand.

What do I like about it?

  • Defines “economy.”
  • Lists a few economists who were thought to be the first three economists who advocated and improvised the supply and demand theory.
  • Explains origin of relation of supply and demand.
  • Exhausts possibilities of relationship between supply and demand.
  • Language and wording easy to understand.
  • Provides an example.
  • Provides a diagram of the supply and demand curve.

What do I dislike about it?

  • Doesn’t define what supply and demand are or what the theory of supply and demand is.

Where would this fit into the curriculum and how would I use it?

This fits in E (unit 5) of the unit one of the Economics 30 curriculum (pg 5) which states: “To provide the student with an understanding of the role of the market in the determination of prices and quantities.”  This includes having an understanding of both supply and demand and a great way to have an understanding of this is to analyze it which is what this article does.

In a class, I would ask students to individually define what supply and demand are and then get them to make a guess as to what their relationship might be.  Once they’ve done this, I would go over the definitions with them and then get them to read this article.

Evaluation of buzzle.com

I can see students getting very off topic if they go through the other categories but with the right teaching strategies and classroom, this could be avoided.  With that said, I do believe that the articles posted are relatively good sources (if you can find articles to match your outcome).

If I had to give this site a numerical rating, I would give it a 5/10, but the actual resource would be a 8/10.