Our Mega-Webquest: The World According to You!!!

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Our Mega-Webquest The World According to
You!!!
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For this Mega-Webquest,you will

• Create Your Career (The Apprentice)
• Buy a car (OVERHaulin)
• Buy a home (Monster House)
• Balance your budget (Automatic Millionaire), and
• Invest in stocks/mutual funds (Mad Money!)
• Give back to the community (Purpose Driven Life)
• Your Roadmap to Economics (Freakonomics)
• Succeed in Life (Goin Fishin)
• .As a Power Point Presentation!!!

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Mega- Webquest Contents
Cover Slide
Process
Introduction
Task
Table of Contents
Monster House
The Apprentice
OVERHaulin
Automatic Millionaire
Mad Money
Purpose-Driven Life
Freakonomics
Evaluation
Conclusion
Resources
Goin Fishin
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Process
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This project is to be completed during the
Semester, in the classroom at home. The
following steps will help you complete this
project. Go back to Mega-Webquest Contents to
complete the project, in which you will create
your career, buy a car, a house, set up your
budget, invest in stocks, give back to the
community, apply the terms, and even Go Fish.
completing a 25 slide powerpoint .Good luck!
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Introduction
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This assessment is composed of eight different
quests to determine what your future may look
like. The completion of these eight projects will
fulfill several of the benchmarks for one
semester of Economics.
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Task
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Use the information along with the required and
optional readings to complete each web quest. Use
PowerPoint to present your work. One Project 8
tasks
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Cover Slide
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Serves as the Title Page of your Power Point!
(1st Slide) Include Title The World According
to _________, or My life by _________, or your
choice must be school appropriate!
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Table of Contents
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• This is a quick reference to major points in your
  presentation (2nd Slide)
• Include pic, and list
• The Apprentice
• OVERHaulin
• Monster House
• Automatic Millionaire
• Mad Money!
• Purpose-Driven Life
• Freakonomics
• Goin Fishin

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The Apprentice
More Info
Under this section, youll learn and explain a
little about your chosen career (you may refer to
your employment portfolio for this part of the
assignment) (3rd Slide Include title of this
section with pic)
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The Apprentice
More Info
(4th Slide) Title of your career, and give brief
overview of your career including why you chose it
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The Apprentice
More Info
(5th Slide) Whats your salary and benefits?
Where will you live with this career and why?
What college/future training will you need for
this career?
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Create Your Career!
(6th Slide) Where do you see yourself in 1
year, 5 years, 10 years and 25 years?
Who knows? You may be on
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Overhaulin
More Info

• One difficult decision is what kind of vehicle
  well buy. You should prepare yourself by
  searching the pros and cons of each option
  Car/Truck/ SUV/Other, lease vs. buy, as well as
  new vs. used and why? One needs to calculate the
  cost of each (make two choices) before going to a
  car dealer.
• (7th Slide Title and pic)

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Overhaulin
More Info

• (8th Slide)
• Pictures/ Names of your 2 car/truck/SUV/Other and
  prices

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Overhaulin
More Info

• (9th Slide)
• Show your financing include 6 financing, 10
  down payment and 3-4 years older, 5-6 years
  newer for both vehicles

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Overhaulin
More Info

• (10th slide)
• Show off the accessories for each of your rides
  (may be in detail and pictures)

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Buy a car!
Who knows? You might end up on
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Monster House
More Info

• The average American family moves about eight
  times during a life span. And each time they are
  going to either rent or buy a home/apartment/
• condo. For this project, you will decide between
  each, buying vs. renting. Choose the best option
  that works for you! (Slide 11 Title picture
  of your dream home)

Resources
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Monster House
More Info

• (Slide 12 Pictures of your home/apartment/
• condo you plan on buying or renting with price
  and location)

Resources
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Buy a House!

• (Slide 13) include financing considering
  downpayments/deposits depending on whether you
  rent or buy Lease for 5 years, rent for 24
  months, buy for 30 years interest rate of 7 on
  all financing show your monthly payment from
  these calculations

Who knows? You might end up on
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Automatic Millionaire
More Info

• (Slide 14 Title and pic)
• Complete the following two slides (Slide 15 and
  16) which will show your fixed costs (same each
  month) and flexible costs (can be adjusted)
  Remember incoming (your monthly salary)
  outgoing (your bills/savings)!

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Set up Your Budget!
More Info
Slide 15 Monthly Fixed costs Slide 16 Monthly
Flexible costs Add each up to equal 100 your
GROSS pay (your salary double for you and your
spouse if you plan on getting married -
unfortunately this is not your take home pay!)
Who knows? You might end up on
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My Budget Fixed Expenses (Total Monthly Income
_______________)
More Info
Range Category Percent Chosen Dollar Target
Fixed Expenses
18-25 Housing
30 Taxes .30
10 Insurance .10
0-10 Debt Repayment (Car)
0-10 Savings
0-10 Goal Achievement (College Loans)
0-10 Irregular Expenses
0-10 For Emergencies
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My Budget Living (Flexible) Expenses
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Range Category Percent Chosen Dollar Target
Living Expenses
5-12 Utilities Phone
8-15 Food
5-15 Transportation
2-5 Medical
2-8 Clothing
2-9 Durable Goods
1-5 Personal Grooming
5-10 Recreation
0-9 All Other
TOTAL Costs of both slides (Must equal Income) 100
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Mad Money
More Info

• Now its time to do some investing, so youll be
  able to continue living that life of your dreams
• (Slide 17 Title pic)

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Set up Your Investment Portfolio

• For this assignment, you will compete in the
  Virtual Stock Exchange with your classmates. You
  will have 100,000 seed money and you will invest
  minimum 1 trade every two weeks. Good luck!
• (Slide 18 cut and paste your final portfolio
  and explain why you made the choices you did)

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Purpose Driven Life
More Info

• (Slide 19 Title pic)
• An area that more and more people are considering
  is what can we give back to our communities? How
  can we help one another? Often, we hear Id
  volunteer, but nobody asked. Well, consider
  yourself asked!

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A Purpose-Driven Life

• Slide 20 - Choose ( briefly explain) a cause/
• organization/opportunity to work with, either
  currently, in the past, or in the future and
  explain why, what resources you will use, and how
  you can benefit this group the community
  at-large include pics

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Freakonomics
More Info

• As the book Freakonomics looked at Economics in
  a different way, you will look at our major terms
  in a truly different way by how they apply to
  YOU!!!
• (Slide 21 Title pic)

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Freakonomics
More Info
You will take the five terms used in the
Economics Notebook and apply them to you, using
examples of what you are currently going through,
what your future looks like, from work, from
play, etc.

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Freakonomics
For this slide 22 , include with your personal
application for each Scarcity Opportunity
Cost- Production- Consumption- Interdependence-

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Goin Fishin
More Info

• As viewed in the video Fish and all of the Fish
  Philosophy Books, as you develop your
  time-management skills in life,youll be far more
  successful if you carry out their four
  principles

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Goin Fishin
More Info

• (Slide 23 Title pic)
• As you travel around your world, how will you
  carry out the following
• Be There
• Play
• Make Their Day
• Choose Your Attitude

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Goin Fishin

• Slide 24 -
• Title,, Then consider in your work, your life,
  etc. This is like a Mission Statement about
  you
• How I will Be There -
• How I will Play-
• How I will Make Their Day -
• How I will Choose Your Attitude -

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Resources

• The Apprentice - CareercruisinSalary Ask
• OVERHaulin - KellyBluebookAutoTraderCars
• Monster House - BankrateRealestateHomes
• Automatic Millionaire Calculator 8 Refdesk
• Mad Money! Virtual Stock Exchange CNNMoney
  FoxFinance
• Purpose-Driven Life Volunteer Google
• Freakonomics The Economist about
• Goin Fishin - Fish

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Evaluation
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Questions?
Your final grade for this project will be based
on the completion of the 8 major tasks to be
completed together in a power point format,
placed in the Inbasket 9if completed at school),
or to my e-mail (if completed at home) before
Final Exam Week
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QWhat else do I include in this project?

• You want this to look professional, so include
  anything that would improve your grade and your
  future opportunities. This course, just like
  life, is a constant competition. Going above and
  beyond can and will improve your score, and could
  even pick up the elusive extra credit potential
  (just like the elusive raise in the real-world!!!)

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Q How will I complete this assignment in time?

• Yes, you can complete this on-time, provided you
  know what you are getting into and provided you
  feel comfortable with your available resources to
  set up the items you have chosen. You should also
  have a strong drive to succeed even when the
  hours get long and the decisions difficult. You
  have the entire semester, and if you pace
  yourself, you will complete this (placed in the
  in-basket, or my e-mail mcdougalda_at_wsh.tcaps.net

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QWhat is due?

• You will turn this in with your finance portfolio
  in January before Final Examination week!

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Conclusion
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(Slide 25 include your reflection of what you
learned during this process and how you will use
it in the future) After completing this, you
should have a better understanding of who you
are, and what youll do in the future. If I can
be of any assistance in the future, please let me
know!
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What will you do????
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