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So Expensive Series – Apple Products

Apple products are not cheap. What makes them carry such a hefty price tag?

There are plenty of options for consumers when it comes to things like computers, tablets and smartphones. Still, Apple has a clear preference for consumers in the United States. Is it because they have a distinct difference in quality compared to other products – or could it be something else? Discuss this with your students in NGPF’s new 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 price, and dig deeper by answering a few thought-provoking questions.

So Expensive #2: Apple Products

Frequently Asked Questions

How often is this activity released?

We currently plan to release one So Expensive activity per week through the end of this school year and relaunch at the beginning of the next school year.

How do I report this activity?

We’ve added both a Nearpod and a non-technical version of the activity. Note: You must be logged in to your Nearpod account to download the activity. There is no answer key, but the non-technical version has a slide with sample answers for the factors of production and the Nearpod version has answers preloaded in a drag-and-drop activity.

How is the activity structured?
Each week’s activity includes:

Introduction Factors of Manufacturing Learning/Refreshing Resources A Business Insider “So Expensive” Video Factors of Manufacturing Identification Activity Multiple Discussion Questions About That Week’s Product or Service

What if my students have not learned the factors of production?

The activity includes a video and infographic that will provide students with the basic knowledge needed to understand the factors of production and use that knowledge.

When should I use this activity?

This activity is built 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 in the final weeks of the school year.

How long does the activity last?

The factors of production video is 4 minutes long and the so expensive videos generally range between 5-10 minutes. So, depending on whether students watch both videos and how deep your students go into the discussion questions, it’s reasonable to expect the activity to last anywhere from 15-30 minutes.

Where can I find the So Dure activities on the website?

You can find them by going to the NGPF.org blog and selecting “So Expensive Series” from the drop-down menu.

We hope this new activity will help you provide your students with exciting topics to hone their personal finance and economics skills!

Do you have any questions or remarks? Contact ryan@ngpf.org!

Looking for more ways to introduce economics to your personal finance class? Check out NGPF’s Econ collection!

This post So Expensive Series – Apple Products

was original published at “https://www.ngpf.org/blog/so-expensive-series/so-expensive-series-apple-products/”

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