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  Friday, March 15, 2019

Economics Marketplace in 3rd grade

By Francis Carlier

During our Economics unit, the 3rd grade students had the opportunity to become economists and entrepreneurs. All students tapped into their creativity in creating a paper good to market and sell in their classrooms. Student created paper dolls, dragons, airplanes, cartoons, and wrote books of poetry, and informational books on how to take care of animals. Through this S.T.E.A.M. based project, students developed a deeper understanding of important concepts: opportunity cost, the difference between needs and wants, scarcity, supply, demand, consumer, producer, loans, import and export, and much more. Through the experience of being entrepreneurs, the students also wrote persuasive commercials scripts, kept a balance sheet to track inventory levels, costs and profits, managed money wisely, and created an artistic and attractive store front.

  • Alice Kong –

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