For an oboe, low-quality content is a no-go.
A Haworth of London-made oboe is as good as it gets, and can cost up to four times as much as a high-end flute by comparison. But what makes this unique device so expensive? Discuss it with your students in NGPF’s activity series based on Business Insider’s web series: So Expensive.
Students will watch a video about a specific product or service, identify the specific factors of production that affect its price, and dig deeper by answering some suggestive questions.
Too Expensive #8: College Textbooks
most frequently asked questions
How often will this activity be issued?
We will be releasing one such expensive activity per week during this school year. If for any reason the web series stops producing new episodes or the content becomes unsuitable for use in the classroom, we’ll let you know about any plans to transition away from so expensive as soon as possible.
How do I distribute this activity?
We’ve included both NearPod and No-Take versions of the Activity. Note: You will need to be logged in to your NearPod account to download the activity. There’s no answer key, but the no-take version will have a slide with example answers for factors of production and the NearPod version will have answers preloaded in a drag-and-drop activity.
How is the activity structured?
Each week’s activity will include:
Introduction Factors in Production Learning/Refresher Resources Factors in a Business Insider’s “So Expensive” Video Production Identification Activity Multiple discussion questions about that week’s product or service
What if my students have not learned about the factors of production?
The activity includes a video and infographic that will provide students with the fundamental knowledge they need to understand the factors of production and use that knowledge.
When should I use this activity?
This activity is designed to be flexible. It can be used to complement your existing personal finance lessons or it can be used as a standalone activity if you are looking for a meaningful and relevant way to engage your students as we school Are in the last week of the year.
How long does the activity take?
Video about factors of production is 4 minutes long and so expensive video is usually between 5-10 minutes. Therefore, depending on whether or not students watch both videos and how deeply your students go into the questions discussed, it is reasonable to expect the activity to last between 15-30 minutes.
Where can I find such expensive activities on the website?
On the top navigation of NGPF.org, hover over the Courses menu and click on “Such an Expensive Series” under Economics.
We hope this activity will help you to provide your students with engaging subjects to help them sharpen personal finance and economics skills!
Have questions or comments? Get in touch at [email protected]!
Looking for more ways to introduce economics into your personal finance class? View NGPF’s Icon Collection!