Mrs. Gibson’s Third Graders Have Fun Learning about Economics and Entrepreneurship

May 18, 2021

 

Mrs. Gibson’s third grade class at West Main Elementary has had a great time learning about economics lately.  They began their unit hearing from some fantastic businesses that are in Ravenna. Workers from Guidos, Myer’s Appliance and I’MPOWER Fitness Center all sent in videos about their businesses and the goods and services they produce.  Their videos even educated the students on some common economics terms such as supply, demand, producer, consumer, goods, services, marketing and budget!  As the unit continued, students began producing their own products. They could choose to sell paper airplanes, fortune tellers, greeting cards or bookmarks to their classmates. They created business plans and were given budgets and deadlines to meet.  Once their shops opened up, each student was given 5 Gibson Bucks to spend at their classmates’ stores. This experience quickly showed students real life examples of supply and demand, profits and advertising.  Mrs. Gibson has a lot of future entrepreneurs in her classroom!

Related Information

High School Readers

High School Readers

On Friday, November 4th, eight high school students from Mr. Wunderlee’s Ravenna Civics class spent time with some of our kindergarten students. The high school students read books to our students and recorded what they read onto their "500 book challenge" logs. This...

Unity Day

Unity Day

On Thursday, October 27th we celebrated “Unity Day” at West Park School. All schools were involved in this district wide event. This day was set aside to promote bullying prevention awareness in our schools. In collaboration with the high school, a group of students...

Halloween Parade

Halloween Parade

The students and staff participated in a Halloween parade on Friday, October 28th. Students walked around the inside and outside of the building to show off their costumes. Many families were in attendance for our parade. Afterwards, students were treated to several...