Grade 4

Social Studies

Unit 5:  The Movement of Goods and Resources

Activity 9: A Classroom Economic Simulation (GLEs: 38, 40, 41, 43, 46, 48)

CC:  The companies will also be given a price listing for supplies. For example, each sheet of tangram shapes costs $2.00. Each worker is paid $5.00 per day. Each color of crayons used is $1.00. The scissors cost $1.00 per pair. The glue is $3.00 per bottle. Each animal will be sold for $3.00.

Have students meet and select a company president. This president will lead the company workers through the four producer questions: What will be produced? How will it be produced? For whom will it be produced? How much will be produced?

Use MS Word to create a sheet  with the price listing and questions.

Word template - "Our Class Business"

CC: Tell students that to model the day-to-day interactions of a business you will use Company Consequence cards that will provide both positive and negative consequences to the companies. Use the cards listed in the following table or make your own for your class.

Use MS Word to create the cards.

Word template  - "Consequence Cards"