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Mrs. Martin's
Webquest

Economic Investigation

Introduction    Task    Process     Resources

Evaluation    Conclusion    Teacher Page


Adam Smith said, “Consumption is the sole end and purpose of production and the interest of the producer ought to be necessary for promoting that of the consumer.”

Introduction
In this unit you will investigate the economic implications of trade, mergers,  externalities/spillovers, competition, and anti-trust regulation using the following companies:
 
Group Company Discussion Format
Group 1 Monsanto Symposium
Group 2 Enron Congressional Hearing
Group 3 Exxon Mobile International  Trade Conference
Group 4 Brown and Williamson Congressional Hearing
Group 5 Microsoft Arbitration Meeting at the Appellate Court Level
Group 6 R.J. Reynolds Congressional Hearing

Task
The US Departments of Commerce and Justice have received reports from labor groups, consumers, and various industries concerning the extent to which the aforementioned companies trade and compete in the marketplace both in the United States and abroad.Your task is to investigate the accusations made against the company assigned to your group, identify the issues, examine various perspectives involved, and report your findings in the format explained below.

Process
The roles and responsibilities of the group members are listed below. Each group member should assume the role and research the issues from the perspective of one of the participants listed.The research should be presented in two forms: an individual essay using the decision making model and a group power point presentation using documents, photographs, graphs, and statistical data.
The power point presentation should contain a minimum of ten content slides, plus one introductory slide and one bibliography slide.
 
Meeting Roles

Symposium on the ramifications of using gene altered seeds(Monsanto)
farmer using new gene altered seeds CEO of chemical corporation Undersecretary of US Department of Agriculture Chairman of the Board of a major food company Foreign ambassador of of US trade partner

Congressional Hearing on scandal (Enron) 
Chairperson of Senate Investigation Committee CEO of Accounting Firm involved(Enron) Attorney for Corporation A Representative of  the Employees or the Labor Union leader A Representative for the Stockholders
International Trade Conference regarding environmental concerns for drilling for oil(Exxon Mobile) CEO of Corporation Local leader of town near drilling Foreign Minister of Country (other than the USA) affected by drilling CEO of Multinational
Corporation that is closest competitor to corporation
Leader of an International Trade Organization
Arbitration Meeting (Brown and Williamson)
(RJ Reynolds)
Federal judge Corporate Attorney  Attorney for the Justice Department Leader of Consumer Advocate Organization Attorney for competitor
Arbitration Meeting prior toAnti-trust Case(Microsoft) Federal judge Corporate Attorney for Microsoft Head of  the Federal Trade Commision Attorney for Consumer Advocate Group Attorney for Competitor

Resources
The following resoures may be used to compete your webquest:
http://www.cnnfn.com http://www.usdoj.gov
http://www.washingtonpost.com http://www.ftc.org
http://dailynews.yahoo.com http://www.antitrust.org
http://www.nytimes.com http://www.law.house.gov
http:/www.economist.com
http://www.econedlink.org
http://www.forbes.com
web pages of companies
NOTE:(Change made on 2/19/02) Click on the link for additional resources.
You may use other reputable web sites or non-electronic resources. Information should be gathered fom multiple electronic and non-electronic sources and cited properly. All resources must receive prior approval from the teacher.

Evaluation
Click on the link below to access the rubric that will be used to evaluate the completed tasks: rubric for economic investigation

Conclusion
The goal of the webquest is to analyze several economic principles and determine the relationship that exists in the market economy among producers, consumers, the federal government and the foreign market. Students will be exposed to a variety of resources and perspectives on the issues involved in the economic investigation. Students will evaluate the information gathered and present the finished product of their investigation to the class.

Teacher Page
The South Carolina Social Studies Standards for Economics have been used in this webquest. http://www.myscschools.com