Third grade students at River Valley Elementary are about to embark on a business adventure. Their teacher, Deborah Fisher, received a $750 Teacher Grant from the Idaho CapEd Foundation to purchase an iPad Mini and baking supplies to get things started.
The concept is economics and the project will highlight all sorts of components that students must master before the end of third grade. Concepts include supply and demand; consumers and producers; advertising to create awareness; loans and paying them back; and volunteering time. Students will literally be baking cupcakes, to meet their fellow students desires and demands, and selling them. Supplies will be purchased with borrowed money, and students will pay it back with cupcake proceeds. Advertisements will be created using iPad minis. Excess proceeds will be used to purchase additional iPad minis.
“Students will gain real world experience through this project. They will have the opportunity to experience important business roles first hand.” Deborah Fisher
This activity will also strengthen students skills in math, technology, language arts, and art. By being so heavily involved in the phases of planning, baking, and selling, students are sure to gain a sense of how adults make and spend money.