First, we took a close look at creating goods. We decided to evaluate how effective assembly lines are by comparing quality and speed when using an assembly line compared to each person completing all the jobs alone. We created a very simple birthday card.
Of course, they found that assembly lines were more effective, and some were quite surprised by that!
Next, we took a look at services. After determining how services were different than goods, we held a pretend market. Students had $15 in fake money to spend at our market. Each student created a service that they thought 1st and 2nd graders would be interested in. Here are some of the things they came up with:
Afterwards, they realized that some did an excellent job targeting our class' interests, and others could improve. I love how they decided they wanted to try again because many of them could improve.
So, we decided to hold a goods and services market. To make it more realistic, I asked students what job they wanted to pretend to have so I could pay them each day based on the average salaries that job makes. This made them realize that not all consumers make the same amount of money, and everyone has to make choices on what to buy based on the money they have.
We designed a Google forms survey to give to our class and a 3rd grade class. After evaluating the results, they came up with ideas for the market. Because our class preferred to have REAL items and services to purchase, we held the market to order items on Friday, wrote down the orders on an order form they could take home this weekend, and will be fulfilling orders on Monday and Tuesday of next week.
At the market, I told my class that they needed to fulfill at least 2 needs before buying any wants they could get at the market. Of course I didn't really give students the apples or milk they purchased, but I wanted them to get the point that needs should be satisfied before wants.
The kids were so excited to get to sell a real good or service at our market! I loved how real it became since they were earning an income to spend, deciding what to sell based on survey results, and had to satisfy needs before wants. We even had discussions about whether or not it was fair for different people to sell the same thing.
I would highly suggest trying something like this if you want to make this unit of study come alive for your students.
One more thing... throughout our study, students were using our class Kidblog to post plans, reflections and digital advertisements. They would L.O.V.E. it if some of you would check out their posts and leave comments. We will be posting more next week as we get the chance to reflect on our entire experience.