The Economics Fair!

Hello families!
 
We have been hard at work on our economics unit. Third graders have learned all about scarcity, supply, demand, producers, consumers, and more! 
 
Now it is time for us to put our knowledge into action. Over the next few weeks, students will become the "producers" as they design and create the supplies for their own business! Each business will have a "budget" to work within, and will have to buy their supplies from me. Students will then use the supplies to create a product that other 3rd and 4th grade students might like to buy! Some great ideas I've already heard are pet rocks, origami animals, and decorated pencils. In order to make this project fair for all students, students may not have supplies from home for the projects. I know that students came home yesterday very excited and thinking that parents would donate supplies, but after speaking with our Principal, I was able to confirm that I can order some things for the project! The school will supply everything, and they will complete the project entirely at school-- if you have old craft supplies that are just going to waste and you'd like to share with the class, please feel free to send those in but otherwise don't worry!
 
We want students to take this project seriously, and the most helpful thing you can do is to talk with your student about their idea! This is a big project for them to take on, and I am excited to seeing what they come up with.
 
Thank you in advance for your support! We're looking forward to a great "class mall"!
 
Ms. Emby
 
*I realized yesterday that with the post break scuffles I have been forgetting to post to edlio! I apologize, and will be consistent moving forward!