Market Day is coming!!!!!
What is Market Day?
Market Day is an economics day where the children create a good or service to sell to the other 3rd grade students. They earn “Rickeard” money based on their classroom behavior and participation. As they participate in the actual day, they will earn money as they sell their product. This money can be used to shop with as well.
When is Market Day?
Market Day will be on Thursday, October 15, from 1:00-1:45. All projects are due in by 7:45 am on the morning of October 15. I will give the students time to set up their “booth” or “display area” after lunch. Your child’s booth area should be NO LARGER than a typical classroom desktop.
Essential Questions taught through this activity:
How can I find goods or services in my world?
Where are there producers or consumers in my world?
What resources are used to produce goods or services in my community?
What will my child learn?
The children learn about producers, consumers, supply, demand, goods, services, scarcity, salesmanship, budgeting and counting skills.
Can I come to Market Day?
Although we know everyone loves to come see their children on special days like this, we do ask that Market Day be a kids only event. Please do not work your child’s booth or buy up the products which are intended for the children. Feel free to attend and observe.
What do I need to do?
NOTHING! This should be your child’s project. Feel free to input or assist your child as they prepare their project. However, there should be no need for parents to stress over this project. The actual project is NOT graded. Rather, the concepts learned during the experience are discussed and assessed in class after Market Day is over.
Can I buy my child a pre-made project and send it in?
No. The only rule is that your child must take part in “creating” a project. It could be that you buy the sugar cookies and your child decorates and packages them to sell. OR…you could help him/her bake the cookies and then decorate them. But please don’t simply purchase pre-made items.
What should my child’s booth look like?
Each child needs to create a “booth” or display for their project. When Market Day begins, the children have open and closed signs to use. They shop and sell as they wish by closing and opening their booths. The actual “booth” can be as simple as a poster advertising their product which gets taped to the lunchroom table on Market Day with their product displayed above the poster on the tabletop. OR…It can be as elaborate as a freestanding booth. The amount of detail is up to your child’s creativity and interest level. Each child needs to have at least a poster advertising their product, and telling how much the item(s) costs as well as an open/closed sign. These should be made at home along with their product.
What are some examples of products or services my child can make?
Goods:
Handmade Jewelry- beaded or braided necklaces, bracelets, etc.
Handmade keychains
Decorated flowerpots
Cookies (no peanut products)
Handmade or decorated picture frames
Holiday themed crafts or ornaments
Brownies (no peanut products)
Chocolate covered treats
Handmade gift cards
Hats, Scarves, or Purses
Decorated pencils or pencil toppers/accessories
Magnets
Services:
Back massages
Bowling Alleys
Make your own milk shake
Fortune Tellers
Beanbag tosses
NO HAIRSPRAY OR FACE PAINTING PLEASE
NO MUSIC CD’s please due to copyright laws.
How much money should my child charge?
This is completely up to your child. Part of the learning process involves having the children discover supply and demand, so we do not dictate the amounts they charge. The children can raise or lower their prices during Market Day as they see it is necessary.
What if I am still confused about Market Day?
Please feel free to drop by to look at examples of previous years products or email your child’s teacher for any necessary clarification.