THE EVOLUTION OF USEFUL THINGS
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THE EVOLUTION OF USEFUL THINGS

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    • Preview of THE EVOLUTION OF USEFUL THINGS LESSON PLAN.docx - page 1
    • Preview of HANDOUT THE EVOLUTION OF USEFUL THINGS.docx - page 1
      Subject Social Studies — Economics, Personal Finance
      Grade Level Grades 9-12
      Resource Type Assessment, Lesson Plan
      Standards Alignment
      State-specific
      License

      About This Lesson

      ESSENTIAL QUESTION:  HOW DOES THE UTILTY-MAXIMIZING RULE REQUIRE ENTREPRENEURS TO EXAMINE THE CONCEPT OF FAILURE?

      Objective:  SWBAT to analyze, evaluation, synthesize and annotate an excerpted secondary source text toward building historical argumentation skills necessary for the NYS Regents exams.

      Citations:

      Warm Up – General Formulation on “How to do Utility Maximization Formula

      https://youtu.be/yXJZpWbAbPo

      Book:  Petroski, Henry (1992) The Evolution of Useful Things. New York:  Alfred A. Knopf (Pgs.220-250)

      Article - McDonald’s New Frork

      http://www.cnbc.om/2017/05/01/mcdonald-invents-the-frork-to-pitch-its-new-burgers.html

      Article - Inventions That Failed

      http://www.google.com/amp/s/amp.businessinsider.com/inventionsthatfailed-2016/CostsofFailure_opportunitiespresentedforentrepreneurs

      Resources

      Files

      THE EVOLUTION OF USEFUL THINGS LESSON PLAN.docx

      Lesson Plan
      February 13, 2020
      29.13 KB
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      HANDOUT THE EVOLUTION OF USEFUL THINGS.docx

      Assessment
      February 13, 2020
      90.42 KB
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      External resources

      Standards

      In making economic decisions in any role, individuals should consider the set of opportunities they have, their resources (e.g., income and wealth), their preferences, and their ethics.
      Read More About 12.E1a
      Sound personal financial (money management) practices take into account wealth and income, the present and the future, and risk factors when setting goals and budgeting for anticipated saving and spending. Cost-benefit analysis is an important tool for sound decision making. All financial investments carry with them varying risks and rewards that must be fully understood in order to make informed decisions. Greater rewards generally come with higher risks.
      Read More About 12.E1b
      Economic decision making
      Read More About C.2
      Explain the powers and limits of the three branches of government.
      Read More About C.4
      Analyze how incentives influence choices that may result in policies with a range of costs and benefits for different groups.
      Read More About E.1

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