~4th Grade Economics Project~ · ~4th Grade Economics Project~ 4th Grade Mall of Entrepreneurs...
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~4 th Grade Economics Project~ 4 th Grade Mall of Entrepreneurs Project Summary Students will be broken up into groups of 2 or 3 as determined by Miss Kelley. Each group will create a business where they will sell either a good or service to the school during the 4 th Grade Mall on Wednesday January 31 st . Important Dates: Bring a blank poster to school on Tuesday, December 19 th (any color) Business Plan due on Thursday, December 21 st (distributed and completed at school) 4 th Grade Mall: Wednesday, January 31 st Economics-Related Goals: In this project students will… … understand the difference between goods and services. … use knowledge of supply and demand to think of a product with high demand … learn how pricing affects sales … learn the affect that advertising has on sales …. find total profit by subtracting expenses from sales … demonstrate understanding of economic vocabulary. Student Goals: During the entire duration of this project students will… … learn to cooperate with other students in their group … practice compromising with others to come up with an idea all group members agree with … each have an important role in the planning and execution of their businesses. Project Components Step 1: Complete Business Plan with group members. (At school). Step 2: Create a poster-board advertisement for business. (At school) Step 3: Advertise business in 4 th Grade Mall infomercial to be shown at chapel. (At school) Step 4: Create store-front display (At school) Step 5: Prepare goods or services to sell (At home) Step 6: Sell goods and services during 4 th Grade Mall on February 2 nd . (during school) Step 7: Complete “Accounting Sheet” detailing all expenses and sales to determine final profit. (at school) Restrictions: • Students may not sell baked goods. • Goods that students sell must be made by 4 th grade group members. Students may not re-sell purchased items. (Examples could be student-made bracelets, headbands, crafts, decorated fun pencils, duct tape art, pencil holders, etc) • Services sold must be given by 4 th graders (Examples could be nail-painting, application of temporary tattoos, desk/locker cleaning, etc)
Transcript of ~4th Grade Economics Project~ · ~4th Grade Economics Project~ 4th Grade Mall of Entrepreneurs...
~4th Grade Economics Project~ 4th Grade Mall of Entrepreneurs
Project Summary Students will be broken up into groups of 2 or 3 as determined by Miss Kelley. Each group will create a business where they will sell either a good or service to the school during the 4th Grade Mall on Wednesday January 31st. Important Dates: Bring a blank poster to school on Tuesday, December 19th (any color) Business Plan due on Thursday, December 21st (distributed and completed at school) 4th Grade Mall: Wednesday, January 31st Economics-Related Goals: In this project students will…
… understand the difference between goods and services. … use knowledge of supply and demand to think of a product with high demand … learn how pricing affects sales … learn the affect that advertising has on sales …. find total profit by subtracting expenses from sales … demonstrate understanding of economic vocabulary.
Student Goals: During the entire duration of this project students will…
… learn to cooperate with other students in their group … practice compromising with others to come up with an idea all group members agree with … each have an important role in the planning and execution of their businesses.
Project Components Step 1: Complete Business Plan with group members. (At school). Step 2: Create a poster-board advertisement for business. (At school) Step 3: Advertise business in 4th Grade Mall infomercial to be shown at chapel. (At school) Step 4: Create store-front display (At school) Step 5: Prepare goods or services to sell (At home) Step 6: Sell goods and services during 4th Grade Mall on February 2nd. (during school) Step 7: Complete “Accounting Sheet” detailing all expenses and sales to determine final profit. (at school) Restrictions:
• Students may not sell baked goods. • Goods that students sell must be made by 4th grade group members. Students
may not re-sell purchased items. (Examples could be student-made bracelets, headbands, crafts, decorated fun pencils, duct tape art, pencil holders, etc)
• Services sold must be given by 4th graders (Examples could be nail-painting, application of temporary tattoos, desk/locker cleaning, etc)
Our Business Plan
Due to Miss Kelley by Thursday, _December 21st _(1 per group)
Group Members: _______________________________
_______________________________
_______________________________
What good or service will your group be selling? _______________________________________________________
_______________________________________________________
How many tickets will each good /service cost? (Each student at the mall will receive 10 tickets) _______________________________________________________
_______________________________________________________
What are the expenses you guess you will have? (To pay for supplies.) You can create a business without spending any money. For each dollar you spend on your business, you must subtract 1 ticket from your sales. Each student may not spend more than 10 dollars on their project. Item Cost ___________________________________ ____________________
___________________________________ ____________________
___________________________________ ____________________
___________________________________ ____________________
What are the responsibilities of each group member? (For example, how many products will each group member make, who will perform services, etc.)
Accounting Sheet
Due after the mall on _February 8th _ (1 per group)
Group Members: ______________________________________ EXPENSES: What actual money went into making your good / service? Item Cost ___________________________________ ____________________
___________________________________ ____________________
___________________________________ ____________________
___________________________________ ____________________
Total Expenses: ________________________
Round to the Dollar: _________________________ SALES: How many tickets did you sell? 1st grade: ___________ 2nd grade: ___________ 3rd grade: ___________ 5th grade: ___________ 6th grade: ___________ 7th grade: ___________ 8th grade: ___________ Total Tickets: ___________
Subtract Expenses: -
(1 ticket per dollar)
Total Profit : ___________
Project Rubric Group Names: ________________________________
Total Points: _________ out of 24 = _________%
