Refined from Understanding by Design

Assessment Plan Blueprint

What understandings or goals will be assessed through this lesson?

Students will interpret information to be Students will be able to identify if a good or

able to discover what type of market service is in the monopoly, perfect
structure a goods or service will fall into. competition, monopolistic competition, or
oligopoly.

What criteria are implied in the standards and understandings regardless of the task specifics?
What qualities must student work demonstrate to signify the standards were met?

Students are expected to know that there Students work will clearly state the four
are four market structures and to know market standards and what characteristics
what a market is. also fall into the markets.

Through what authentic performance task will students demonstrate understanding?

Task Overview: First during the lecture students will be filling out a guided notes worksheet
that has listed on the top the four market structures; Monopoly, Oligopoly, Monopolistic
Competition, and Perfect Competition, and then listed on the side are the columns: number of
firms, barriers of entry and exit, influence of price, type of product and examples. While the
power point is going on the students will find the answers in the power point slides and after
each structure is described then as a class we will come up with goods or services that fall into
that market structure.
After the lecture is complete students will then complete a ‘Shark Tank’ Simulation project.
The students in groups of four will have to first select a goods or service to create that does not
already exist, then create a poster that includes a picture of the product, price, and which
market structure the product falls into and why. After they have completed their poster the
students with their groups will then have to pitch their product to the class ‘Shark Tank’. In
their pitch they will need to tell their investors how much money they will need to complete
their product and why their product is better than a competitor that might be out there.

What student products and performances will provide evidence of desired understandings?

A poster that includes a picture of the An exit slip where they have to identify the
product, price, and which market structure market structures and give an example of a
the product falls into and why. goods and services that fall into that
structure.
Refined from Understanding by Design

By what criteria will student products and performances be evaluated?

There will be a rubric making sure that they Also there will be a quiz answer sheet that
have identified the market structures. confirms their answers and some examples
they might think of.