First Grade Entrepreneurs: Economics in Action

First graders recently completed an economics unit where they learned about such concepts as goods, services, producers, consumers, supply and demand, and price fluctuation. They put their newly learned economics knowledge to use by creating their own businesses, developing business plans, and producing products or providing services. For the final part of the unit, students bought and sold goods from each other’s businesses. Examples of their entrepreneurial ventures included a bookstore, computer store, and personal training business. Students applied their math skills as they conducted transactions and made change using play money. This experiential learning unit proved both engaging and educational for Tenacre’s young entrepreneurs.