Did you know every month from now until the end of the year our class will hold a classroom market? It's true! And what's more, it is the students who run the show! Market day is where our growing knowledge of economics comes to life! The students have prepared for this day by creating our class currency, earning their weekly salaries, creating business proposals to sell goods or services, and advertising for their businesses using posters, invitations, and word-of-mouth. If you didn't see my recent article in the Shabbat Shalom newsletter, you can read it here for a more detailed explanation of our mini-economy. Market day will take place at the end of each month. We just had our first one last week! Let's take a look at the fun! Here are some pictures of the students at their various booths during the January market. Hover over each picture to read a description of that business. I ran a business at the market as well, selling tickets for special class privileges, such as time on the iPad or bringing a toy to recess.
After the market, we sat down to balance our account records. The students keep an account record sheet with their wallets, where they record their salary and keep a running total of their money. After the market, they had to figure out whether they came out with more money or less money, what the difference was, and record their new total. The students then filled out a market reflection, where they answered questions like: - Were you a producer or consumer at the market ? - Why do you think you sold as many items as you did? - What strategy will you try to sell more items next time? This reflection piece is critical, as it allows for the students to view their experience as an experiment to be improved upon. They will get to have 4 more iterations of this experiment by the end of the year, and will learn so much in the process!
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3rd GradeLittle people, big minds. Archives
May 2019
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