April 14, 2023

Classroom Market Culminating Economics Project

In Social Studies, Economics will be our next unit. Our class has already
started discussing related Economics standards (good, seller, product, profit) while
reading Lemonade War. All students will be participating in an economics project in
order to gain a “real world” perspective of how economics truly works. They will
have a “real life” opportunity to experience being a consumer and a producer. Each
student will design and create a product to sell in our third-grade market. These
products can be anything from paper airplanes, rubber band bracelets, baked items
without nuts, bookmarks, or magnets. Any and all ideas that students are able to
create are welcome! Each class will be planning an appropriate price range and
creating a price list in class. The students may make changes during the market
based on supply and demand. The students will be using fake money to buy all the
products. All vocabulary from our economics unit will be used when addressing one
another and interacting with one another while buying or selling products.
The project proposal plan is due by Friday, April 28th. All products are due to
school by Tuesday, May 23rd for our classroom market.
Requirements:
1. Design and create a product to sell – the product is made at home.
2. Fill in the “Product Plan” attached. It should be well written and grammatically
correct- Completed at home.
3. Make an advertisement (poster) for your product. Advertisement includes a catchy
name, slogan, fun graphics, and the price of your product. - Completed at home.
4. Show knowledge of vocabulary through interactions and classroom discussions
during the market – completed in class.
5. Describe the events of the market in detail using vocabulary in writing – completed
in class, after the event.

Vocabulary:
economics buyer seller exchange
demand supply scarcity currency
Name _______________________________________

Classroom Market Economics Project

Product Plan~ This plan will be graded. Please include adequate details,
complete sentences, proper grammar/punctuation, and neat handwriting.

Describe your product in detail:

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What inspired you to create this product?

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Where did you get the supplies you used to make your product? Be specific.
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Do you think your product will be in high demand or low demand in our
market? Why?
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Draw a picture of your product on the back of this paper.

Draw a diagram of your product in the box below.
Be sure to label the parts of and/or materials used in
making your product.