Edit in JSFiddle

(function() {

  "use strict";

  var view, viewModel, valueTemplate;

  valueTemplate = {
    configurable: false,
    enumerable: true,
    get: function() {
      return this._value;
    },
    set: function(val) {
      var i;
      if (val !== this._value) {
        this._value = val;
        for (i = 0; i < this._listeners.length; i += 1) {
          this._listeners[i]();
        }
        if (this.onChange) {
          this.onChange();
        }
      }
    }
  };

  // this is simply data and behavior. In this 
  // case a single property is tracked with an
  // event fired when it changes 
  function ViewModel() {
    this._listeners = [];
    this._value = "";
  }

  Object.defineProperty(ViewModel.prototype, "text", valueTemplate);

  ViewModel.prototype.attach = function(fn) {
    this._listeners.push(fn);
  };

  // this is a data-binder for input boxes
  function InputBinder(elem) {
    var that = this;
    this._listeners = [];
    this._elem = elem;
    elem.onkeyup = function() {
      that.value = elem.value;
    };
  }

  InputBinder.prototype.attach = function(fn) {
    this._listeners.push(fn);
  }

  InputBinder.prototype.onChange = function() {
    this._elem.value = this.value;
  };

  Object.defineProperty(InputBinder.prototype,
    "value", valueTemplate);

  // this is a data-binder for divs
  function DivBinder(elem) {
    this._listeners = [];
    this._elem = elem;
  }

  DivBinder.prototype.attach = function(fn) {
    this._listeners.push(fn);
  }

  DivBinder.prototype.onChange = function() {
    this._elem.innerText = this.value;
  };

  Object.defineProperty(DivBinder.prototype,
    "value", valueTemplate);
    
  // the view simply attaches the data-bindings
  function View(viewModel, ui) {
    var inputBinder = new InputBinder(
    	ui.getElementsByTagName("input")[0]),
      divBinder = new DivBinder(
      	ui.getElementsByTagName("div")[0]);

    viewModel.attach(function() {
      divBinder.value = viewModel.text;
    });

    inputBinder.attach(function() {
      viewModel.text = inputBinder.value;
    });

  }

  viewModel = new ViewModel();
  view = new View(viewModel, document.getElementById('myApp'));
  viewModel.text = "Ready.";
})();

<div id="myApp">
  <label for="inputBox">Type Something:</label>
  <input name="inputBox"/>
  <div id="output">
    Output Will Appear Here
  </div>
</div>