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| A SPECIAL INVITATION FOR TEACHERS... |
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LessonPlansPage.com would like to take a moment to let you
know about Concordia University's new Master’s Degrees in Education that you can complete online in just one year!
Available Master's Degrees in Education include:
- Curriculum & Instruction: Reading
- Curriculum & Instruction: Methods & Curriculum
- Curriculum & Instruction: English to Speakers
of Other Languages
- Educational Leadership
These programs can help you:
- Open the door to a variety of school leadership career opportunities like higher education teaching, department chair, ELL consultant, literacy coach, or curriculum coordinator
- Complete your degree in one year, on your schedule,
from the comfort of your home
- A Master's Degree could mean an automatic salary increase in your school district!
A national university system with 10 campuses throughout the United States, Concordia was founded more than 100 years ago and is accredited by the Northwest Commission on Colleges and Universities.
 Printable Version for your convenience!
Title - Classroom Businesses
By - Betty Klein
Primary Subject - Social Studies
Secondary Subjects -
Grade Level - 1-4
Economics Students learn about the concepts of wants, needs, money, division of labor, opportunity cost, supply, demand, goods, and services. Students develop their own businesses. They decide if they want to provide goods or services. They set their own prices and the number of students they want in their group. Empty large Xerox boxes are then decorated by students to advertise their businesses and the price of their goods or services, goods are stored inside boxes as they are produced. Students are then given seven dollars in a variety of coins. The money is then placed in Ziploc bags and given to students (the money used is taken from classroom play money). At the end of the week students are then ready to open their businesses to their classmates. Students learn about division of labor as they make items, but have to split profits. Students also learn that their prices are too high or low and must be adjusted according to supply and demand. Choices must be made. Examples of services are Desk Cleaning, Desk Washing, and Pencil Sharpening. Examples of goods are Bookmark Co., Art Co., Badge Co., and Paint Co. Students realize their money is limited and they can't buy everything. Opportunity cost is what they have to give up in order to buy what they want.
E-Mail Betty Klein!
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