Ms. Thomas’s class at West DeFuniak Elementary has been learning about economics and how it affects people. As a culminating project to their economics unit, students had the opportunity to become producers and consumers by participating in a classroom marketplace. Students designed each of their own shops by coming up with a shop name, slogan, commercial script, product description, product price, interest inventory, and consumer comment box. Their products could only be made from paper and each student had a consumer spending log to keep track of how much money they had left to spend. Students were able to apply their knowledge of supply and demand, scarcity, and trading to successfully sell out of each of their products. Students took their roles seriously and came away with a real sense of accomplishment!
Submitted by Jessica Dawkins
WDE Students Study Economics
WDE Students Study Economics