Keep the Change!!

Introduction

Welcome!

This webquest is designed for 3rd grade students learning about the concepts of economics. These students will create a product that displays their knowledge of needs and wants, consumer and producer, and goods and services. 

Stop! Stop! Umm, Yes you there! 

You have been chosen as one of our contestants to enter the world’s largest Market Fair!

Come on in and find out...

Task

TASK:

Get ready for your task, contestants!

In this Webquest, you will learn about different concepts of Economics. In this unit, we will cover:

-needs and wants

-consumers and producers

-goods and services

For your final assignment, your group will be given a task of creating a good or a service. You will present your final product to the Market Fair leadership team. Your final presentation can be in the form of a powerpoint, Prezi slide slow, a poster, or a finished product using materials that can be found in your house.

The winners of this competition will have their product presented and sold at the 2014 Annual Market Fair!

Contestants, are you ready to accept this challenge?!

Process

 

Lesson 1 "I want this, but I need that!"

Every person in this world has different wants and needs. But what are the differences? NEEDS are things we must have in order to survive, such as food, water, and shelter. WANTS are things that you don't need, but would like to have. One example is that we need food to keep our bodies strong and healthy, but we want ice cream for dessert.

Today, you and your partner will go on an virtual grocery shopping adventure! You will have a spending total of $150. You are allowed to spend $100 on items that you need, and $50 on things that you want. Below are some websites you can check out. If there's a store that's not listed that you would like to include, feel free to search online to see if your favorite grocery store has an online website with the prices of their items (Palama Supermarket, Times Supermarket, etc).

Using the outline below, keep track of a list of your needs and wants as you are exploring the different items you want to buy. Remember your spending total ($100 for needs, $50 for wants). Happy shopping!

Websites:

Lesson 2 “Goods and Services”

You have arrived at the “Goods and Services” pick up, but before you proceed to the next pick up, you must know what goods is? and what services is? goods  is something that is made or grown from natural resources such as clothes,cars, computers, fruits and vegetables. Service is something that someone does for someone else such as a bus driver, postman and teacher, these are people who provide services. You will now get into groups of 2-3!

  • Get together and discuss 10 ways that you can provide services in your school and community (ex.car wash/beach clean up)

  • Out of those 10 ideas, choose one that you would like to present to an audience (ex.car wash)

  • Next, you will create a goods and services worksheet, where you will list the goods and services that you will need to successfully complete your idea to an audience.

Lesson 3

“The Bake Off”

You are selling cookies at a bake sale to raise money for a field trip, in order to have a booth, it will cost $5.00. A producer is a person who provides goods or services for sale to another person, group or company. There will be people, who come to your booth and will buy cookies. They are called consumers, person who uses the goods and services to meet their needs and wants. During the bake sale, you will have people who just look at your booth and don’t buy, how will you get them to buy your cookies? You have the option of advertising! How will you advertise? well that is up to you! you can give out free samples or make posters. Think of ways that you can get people to stop by your booth and say “hey, these look delicious, can I have 4?”

  • Print the Bake Sale fundraising sheet

  • Record all your data on your Bake Sale fundraising sheet as you complete the activity. (Example of game. rolling a dice to get the number of cookies a person will buy, then figuring out the costs per order for the cookies.)

Lesson 4

Welcome to the Pizzaria! Today you will check out Hawaii's Pizzaria and explore its kitchen, but before you go there are a few things you must know!

The three types of productive resources-natural resources, human resources, and capital resources-needed to produce goods and services. Natural resources are things that come from nature and are unchanged by human hands (ex.tomatoes, garlic). Human resources are workers, people who do the labor (ex.baker,chef). Capital resources are man made tools and equipment to produce goods and services (ex.warehouse,oven, factory).

Step 1: Students will read the article http://www.smithsonianmag.com/arts-culture/the-art-of-pizza-160033169/?no-ist=

(can be read by students individually, with partners or as a class). They are to show their understanding of human, capital and natural resources by finding examples in the article. (human-baker, natural-tomatoes, capital-ovens)

Step 2: Complete Resource Sheet

Step 3: Discuss list as a class

Lesson 5

"The Final Presentaion"

  • Your group will create a good or a service 
  • Clearly state the resources used to create your good or service (human, capital, natural)
  • Identify if it is a need or want
  • Show how are you advertising your good or service
  • Show your steps in creating your good or service
  • You will present your final product to the Market Fair leadership team.
  • Your final presentation can be in the form of a powerpoint, Prezi slide slow, a poster, or a finished product using materials that can be found in your house.