Friday, April 30, 2010

Market Day

As the year draws to a close and I can introduce some more involved projects into my social studies classroom, I would like to share a project that several teachers in our building participate in. The project is used as a culminating activity with our economics unit. While learning essential economics material such as supply and demand, the factors of production, and scarcity, the students spend time at home creating a business with a partner. Their goal is to create and produce an individually packaged, homemade product to sell to the rest of the class as well as to students from other classes.

Students earn "money" for good behavior, homework, good citizenship, etc. in the weeks leading up to the fair. They can then use their money to purchase items from other students that they like or need. Each classroom sets up a store where a desk is transformed into a point of sale. We invite other staff members and administrators to shop at the stores as well. A good time is had by all while the students are learning about the buying and selling of goods in a hands on fashion!

1 comment:

  1. For younger students, try The Bakery Shop, an online video game designed to illustrate basic economic concepts such as goods and services, production, and profit.

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