Economics Unit

Our entire first semester of math has focused on place value and addition. This week we began a new economics unit, so our focus in math has shifted to money. Our entire class will be counting different sums of money, learning how to make change, and adding the costs of various products. All this math is in conjunction with our economics unit.

The focal point of our economic unit will be the starting, running, and implementing of some sort of a business. We began this week with a discussion of types of businesses we frequent. After we listed all the businesses we patronize, we categorized them. The final list showed three types of businesses: goods, service, and entertainment. The class was able to see why Jungle Fun falls into the entertainment category, while a nail salon falls into the service category.

We began brainstorming of the types of businesses we might like to have in our classroom. We know that there will be some goods and services in our classroom (as well as other multiage 1/2 classes). We will actually have an assembly line in class making various goods for sale. All this hard work will culminate in a “market day” when we will sell our wares to our target market (K-2 classes). Much more information will be forthcoming; however, if any of you self-employed parents would like to talk to our class about your business or your work that would allow us to see an assembly line in action, please let me know.

Posted on November 9, 2006 2:02 PM | Permalink