Hello Everyone,
Thank you for your patience with our blog! It is now running smoothly and has greater capacity thanks to a change of server. You shouldn’t have problems accessing it now.
Reminders:
- MACC Returning Student Notice: Please return the MACC notice and let us know if you are planning to continue with the program ASAP.
- Field Trip: Please return the Field Trip notice for the Genetics Lab Visit ASAP.
- Lit Circle: Next meeting on Wednesday, April 6th.
- Library Books: Library Day tomorrow
- Resources: Make sure the resources sheets from your house are done so we can do the group activity tomorrow
- Social Studies.Com Economics Terms: Only if you have time, please do the vocabulary copied down from the board at the website I provided.
Last Friday, we played the “Game of Economics” as a whole class, which was adapted from a game I found on the Economics Network. We split into six, small groups representing six countries, and we chose one person to be the commodity trader (Brian), as well as another person to be the banker (Max.) I must say that Brian and Max did a great job representing the officials in our world market! Each country was given a set of supplies, and the goal was to produce paper shapes (triangles, circles, rectangles) to trade in for money with the commodity trader, and to make the most money overall. During the course of the game, prices offered for shapes changed according to supply and demand, and countries had to make deals in order to complete their shapes.
The six countries quickly realized they were not equal in terms of starting supplies, as the two first-world countries were given excellent technology of tracing shapes, rulers, pencils, and scissors, but only one piece of paper for making shapes; second world countries received rulers and pencils, 10 pieces of paper for plenty of raw materials, but they were not given scissors, and shapes had to be produced with straight edges; and third world countries were only given pencils and four pieces of paper. Each country also received a set amount of money to start. Each group quickly realized that in order to be successful, trades had to be made! For 45 minutes, countries bartered back and forth. It was an exciting game, and afterwards we debriefed how everything that happened represented something in the real world market.
What is the study of economics? Students brainstormed all the parts of economics they know thus far, and then they were asked to read articles on economics found on Social Studies.com and define terms such as stock market, inflation, interdependence, budgets, and more.
We will continue to look at other systems of getting our needs and wants met as the week goes on. Max’s Dad is coming on Thursday to talk to us about his business and how it works! Students were also told about our final project for this unit, which will be to create a product of their own, to market it, and then sell it in a MACC MARKET for tickets. They will need to follow the design process as well as a budget, which will be documented in an excel document.
Today we practiced excel lessons via tutorials on K5 Computer Lab. Students are encouraged to continue these video tutorials using excel at their leisure. They can also use Google Sheets on our Google Drive accounts, should they prefer that application. Either way, they need to know to keep a budget, format a worksheet, use formulas, and make charts. This is part of our math content, as working with money, budgeting, and using a variety of operations with decimals are part of both grade four and five math curriculum.
So much more is happening this week — musical rehearsals, track sign ups, and the Caribou math contest on April 6th, Wednesday. On Wednesday, we also have a member of the District’s LGBTQ consultants coming to talk with us about gender, which is a school-wide workshop being done in celebration of “International Day of Pink” worldwide.
This week we also have the Abel and Gauss Math Contest practices starting up. If you have signed up for these, please come to practices for Abel on Tuesday mornings at 8:15 AM in Ms. Branco’s room. If you have signed up for Gauss, then please go to Ms. Juma’s room at 8:15 AM. The test will be on May 11th, and the practices run the next three Tuesdays. If you are unable to make the practices, please do some of the old practice tests here.
Our student led conference night is April 28th. Please reserve some time from 4-7 PM, as I am currently planning an open house/student conference for all students to participate in any time from 4-7 PM. Stay tuned for more details.
Have a great night!
Ms. D