Presentation GAGC 2008

A Creative Way to Teach Economics in the Elementary

Gifted Classroom

Brainstorm – Favorite type of cookie

Lemon coolersOatmeal raisinGirl scout thin mints Peanut butterGingerbreadFruit raisinChocolate chipM & MGirl Scout Samoas PecanOatmeal

Cream filledJelly RaisinShortbreadRainbow wafersVanilla wafersChocolate chunkOreoPeanut and chocolate

chipSugar wafersSugar

SURVEY

• Create a Survey

• Survey the potential customers

• Tally surveys

• And the winner is ……….

The Bake-Off

• Students work with parents to bake and bring in their favorite recipe of the winning type of cookie

Taste-Testing

• Students taste and rank the sample cookies

• A winning recipe is chosen

Cost

• Determine cost of ingredients

Hypothesis vs. Actual

• Decide on price of cookies and in what amounts they will be sold (individual, dozen)

• Choose plan for spending any profit

To Do List

• Name the company• Design a company logo• Make logo buttons or t-shirts• Design a web site• Set up an e-mail account• Design order forms• Make copies of order forms for all students• Make business cards• Start lining up volunteers for baking!!!

Production

• Buy the ingredients and equipment

• Make the dough

• Bake the cookies

• Package the cookies

• Deliver the cookies

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

Econ and Me

• Five 15-minute video excerpts

• Scarcity

• Opportunity cost

• Consumption

• Production

• Interdependence

K - 2

• Master Curriculum Guide in EconomicsTeaching Strategies K – 2by Barbara J. Phipps

• Economic Wants and Consumers• Resources and Producers• Scarcity, Choice, and Opportunity Cost• Specialization and Independence• Money, Markets and Exchange

K - 2

• POCKETWISE• Personal Finance Economics, K-2• By Carmen Carter, Jan Heiman

• What is money?• Spending decisions• Why we save• To borrow or not to borrow

The Unique Paper Company

• Case Studies:– Bobs Candies– Chick-fil-A– Egg-Bert (Sutherland’s Food)

• The Great Economic Mysteries Book• Econ and Me video / guide

• Speaker – Georgia Egg Commission• Field Trip

– Original Dwarf House and Chick Fil-A HQ

Licorice Pizza

Wonderful Posties andStick-A-Note

Georgia Council on Economic Education

3 - 5

• Spending decisions

• Saving decisions

• Borrowing decisions

• Money management decisions

• v

National Council on Economic Education

Play Dough Economics

• Opportunity to become:

– Entrepreneurs who create a store to sell goods

– Assembly-line workers who mass produce hamburgers

– Producers that decide what goods to produce, and much more...

www.gcee.org

• Econ & Me – For Elementary School Teachers

• Where Paulding County

• When May 1, 2008; 8:00 a.m. - 3:00 p.m.

• Fee No charge; continental breakfast and lunch

• Deadline to register is April 15th.

Classroom StoreWorks(Tom Snyder)

• review sales reports, and more students become entrepreneurs heading up businesses they create themselves

• easy-to-use cash register, students can accept coupons, charge tax, make change, and print receipts.

• software lets students keep track of inventory, monitor cost of goods,!

• $44.95 – CD + teacher’s guide

BIZWORLD

• BizWorld teachers the students the basics of business and money management as they start and run their own SIMULATED company

• $89.00 (grants available)• teacher manual, stock certificates, BIZ bucks, 80 skeins of

thread for bracelets

• $18.00 • teacher manual, stock certificates, BIZ bucks