My little Princess (OK...well...she won't let me call her that much longer because she's almost as tall as me...) is wrapping up with her last full day of school today and all the third graders are holding a "market" as an economics project. A great idea for any school but I think it would be a fun excuse to gather homeschoolers together as well.
- Students can work in teams, pairs or on their own. If they work in teams, then they can take turns shopping and keep their sale table open but they have to share the profits. If they work alone, they keep all of their profit, but they must either wait until they are sold out or close their table while they go shopping.
- They choose what they want to make. They can do one items or many different things. They should consider what their classmates might be interested in buying.
- Everything they bring to sell they must make themselves.
- They must track their expenses for producing the item(s).
- They need to make a poster to advertise their products.
- They need to set the price for their items, considering how much they need to make to cover expenses and how much they think their classmates are willing to spend on their product.
- Students can bring no more than $5 to spend at the market.
- The teacher supplies a little start-up change if needed but the kids must track how much they are giving and repay it at the end of the sale.