"Do all the good you can, By all the means you can,
In all the ways you can, In all the places you can,
At all the times you can, To all the people you can,
As long as ever you can." -John Wesley

Wednesday, May 19, 2010

Third Grade Economics Fair

Whew! We made it through the Economics Fair! Here's the idea...they come up with a company idea, name, and product to sell. All of the third grade does this. They marketed their product to the entire school. They even made prototypes and got feedback as to whether or not the product would sell for the price they were asking! Grayson came up with the idea for the boys to pitch in some legos and they built "mini lego sets" to sell. They assembled the item, took a picture of it, put it in a Ziploc bag and stapled the pic to the outside of the bag so the customer would know what they were getting. Prices ranged from $.50- $2.50, depending on how big the set was. They had to keep a Profit and Loss sheet that included their outgoing expenses. Grayson, Hudson and Nikheil came in second place making over $86.00!! Their company sold "Legos and cupcakes"!

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