GAGC 2008 Economics

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Creative ideas for teaching economics through student businesses

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GAGC 2008 Economics

  1. 1. Presentation GAGC 2008
  2. 2. A Creative Way to Teach Economics in the Elementary Gifted Classroom
  3. 4. Brainstorm – Favorite type of cookie <ul><li>Lemon coolers </li></ul><ul><li>Oatmeal raisin </li></ul><ul><li>Girl scout thin mints </li></ul><ul><li>Peanut butter </li></ul><ul><li>Gingerbread </li></ul><ul><li>Fruit raisin </li></ul><ul><li>Chocolate chip </li></ul><ul><li>M & M </li></ul><ul><li>Girl Scout Samoas </li></ul><ul><li>Pecan </li></ul><ul><li>Oatmeal </li></ul><ul><li>Cream filled </li></ul><ul><li>Jelly </li></ul><ul><li>Raisin </li></ul><ul><li>Shortbread </li></ul><ul><li>Rainbow wafers </li></ul><ul><li>Vanilla wafers </li></ul><ul><li>Chocolate chunk </li></ul><ul><li>Oreo </li></ul><ul><li>Peanut and chocolate chip </li></ul><ul><li>Sugar wafers </li></ul><ul><li>Sugar </li></ul>
  4. 5. SURVEY <ul><li>Create a Survey </li></ul><ul><li>Survey the potential customers </li></ul><ul><li>Tally surveys </li></ul><ul><li>And the winner is ………. </li></ul>
  5. 6. The Bake-Off <ul><li>Students work with parents to bake and bring in their favorite recipe of the winning type of cookie </li></ul>
  6. 7. Taste-Testing <ul><li>Students taste and rank the sample cookies </li></ul><ul><li>A winning recipe is chosen </li></ul>
  7. 8. Cost <ul><li>Determine cost of ingredients </li></ul><ul><li>Hypothesis vs. Actual </li></ul><ul><li>Decide on price of cookies and in what amounts they will be sold (individual, dozen) </li></ul><ul><li>Choose plan for spending any profit </li></ul>
  8. 9. To Do List <ul><li>Name the company </li></ul><ul><li>Design a company logo </li></ul><ul><li>Make logo buttons or t-shirts </li></ul><ul><li>Design a web site </li></ul><ul><li>Set up an e-mail account </li></ul><ul><li>Design order forms </li></ul><ul><li>Make copies of order forms for all students </li></ul><ul><li>Make business cards </li></ul><ul><li>Start lining up volunteers for baking!!! </li></ul>
  9. 10. Production <ul><li>Buy the ingredients and equipment </li></ul><ul><li>Make the dough </li></ul><ul><li>Bake the cookies </li></ul><ul><li>Package the cookies </li></ul><ul><li>Deliver the cookies </li></ul>
  10. 11. 600 cookies later ….. $10.00 sent to President Bush’s Fund for Afghanistan Children $100.00 sent to North Fulton Charities for medical supplies for children
  11. 13. Econ and Me <ul><li>Five 15-minute video excerpts </li></ul><ul><li>Scarcity </li></ul><ul><li>Opportunity cost </li></ul><ul><li>Consumption </li></ul><ul><li>Production </li></ul><ul><li>Interdependence </li></ul>
  12. 14. K - 2 <ul><li>Master Curriculum Guide in Economics </li></ul><ul><li>Teaching Strategies K – 2 </li></ul><ul><li>by Barbara J. Phipps </li></ul><ul><li>Economic Wants and Consumers </li></ul><ul><li>Resources and Producers </li></ul><ul><li>Scarcity, Choice, and Opportunity Cost </li></ul><ul><li>Specialization and Independence </li></ul><ul><li>Money, Markets and Exchange </li></ul>
  13. 15. K - 2 <ul><li>POCKETWISE </li></ul><ul><li>Personal Finance Economics, K-2 </li></ul><ul><li>By Carmen Carter, Jan Heiman </li></ul><ul><li>What is money? </li></ul><ul><li>Spending decisions </li></ul><ul><li>Why we save </li></ul><ul><li>To borrow or not to borrow </li></ul>
  14. 16. The Unique Paper Company <ul><li>Case Studies: </li></ul><ul><ul><li>Bobs Candies </li></ul></ul><ul><ul><li>Chick-fil-A </li></ul></ul><ul><ul><li>Egg-Bert (Sutherland’s Food) </li></ul></ul><ul><li>The Great Economic Mysteries Book </li></ul><ul><li>Econ and Me video / guide </li></ul><ul><li>Speaker – Georgia Egg Commission </li></ul><ul><li>Field Trip </li></ul><ul><ul><li>Original Dwarf House and Chick Fil-A HQ </li></ul></ul>
  15. 17. Licorice Pizza
  16. 18. Wonderful Posties and Stick-A-Note
  17. 19. Georgia Council on Economic Education
  18. 20. 3 - 5 <ul><li>Spending decisions </li></ul><ul><li>Saving decisions </li></ul><ul><li>Borrowing decisions </li></ul><ul><li>Money management decisions </li></ul>
  19. 21. <ul><li>v </li></ul>
  20. 22. National Council on Economic Education
  21. 23. Play Dough Economics <ul><li>Opportunity to become: </li></ul><ul><ul><li>Entrepreneurs who create a store to sell goods </li></ul></ul><ul><ul><li>Assembly-line workers who mass produce hamburgers </li></ul></ul><ul><ul><li>Producers that decide what goods to produce, and much more... </li></ul></ul>
  22. 24. www.gcee.org <ul><li>Econ & Me </li></ul><ul><ul><li>For Elementary School Teachers </li></ul></ul><ul><li>Where Paulding County </li></ul><ul><li>When May 1, 2008; 8:00 a.m. - 3:00 p.m. </li></ul><ul><li>Fee No charge; continental breakfast and lunch </li></ul><ul><li>Deadline to register is April 15 th . </li></ul>
  23. 25. Classroom StoreWorks (Tom Snyder) <ul><li>review sales reports, and more students become entrepreneurs heading up businesses they create themselves </li></ul><ul><li>easy-to-use cash register, students can accept coupons, charge tax, make change, and print receipts. </li></ul><ul><li>software lets students keep track of inventory, monitor cost of goods,! </li></ul><ul><li>$44.95 – CD + teacher’s guide </li></ul>
  24. 26. BIZWORLD <ul><li>BizWorld teachers the students the basics of business and money management as they start and run their own SIMULATED company </li></ul><ul><li>$89.00 (grants available) </li></ul><ul><ul><ul><li>teacher manual, stock certificates, BIZ bucks, 80 skeins of thread for bracelets </li></ul></ul></ul><ul><li>$18.00 </li></ul><ul><ul><ul><li>teacher manual, stock certificates, BIZ bucks </li></ul></ul></ul>

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