GAGC 2008 Economics
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Transcript of GAGC 2008 Economics
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Presentation GAGC 2008
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A Creative Way to Teach Economics in the Elementary
Gifted Classroom
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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
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SURVEY
• Create a Survey
• Survey the potential customers
• Tally surveys
• And the winner is ……….
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The Bake-Off
• Students work with parents to bake and bring in their favorite recipe of the winning type of cookie
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Taste-Testing
• Students taste and rank the sample cookies
• A winning recipe is chosen
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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
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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!!!
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Production
• Buy the ingredients and equipment
• Make the dough
• Bake the cookies
• Package the cookies
• Deliver the cookies
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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
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Econ and Me
• Five 15-minute video excerpts
• Scarcity
• Opportunity cost
• Consumption
• Production
• Interdependence
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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
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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
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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
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Licorice Pizza
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Wonderful Posties andStick-A-Note
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Georgia Council on Economic Education
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3 - 5
• Spending decisions
• Saving decisions
• Borrowing decisions
• Money management decisions
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• v
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National Council on Economic Education
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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...
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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.
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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
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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