Curriculum Connection:
I would not use this exact project in the classroom (too personal) however; I would make modifications to use this idea of comparison shopping with an economic unit for grades 4 and 5. The AASL standards are all so easily embedded in the inquiry process. Specifically, 1, 2 and 3. When thinking about a specific project idea, students can research a new game, television set, or fitness equipment that they are interested in buying. We can break down a savings plan to work with allowance money as well as use store ads and online shopping to compare price quotes. When designing a budget, I love to introduce excel and some basic spreadsheet functions like adding the dollar amounts in a specific column.
Final products ideas are PowerPoint presentations to share findings with the class, create a glog poster sharing researched results, and/or creating a MS publisher brochure. To match the 4th grade global connection standard, 4.4.5, students can research where the product is made and how it is imported to the United States. The possibilities are endless. Below are the Indiana Social Studies Standards for grades 4 and 5 that would apply.
5.4
- Students will describe the productive resources and market relationships that influence the way people produce goods and services and earn a living in the United States in different historical periods.
- 5.4.7
- Predict the effect of changes in supply and demand on price. (Core Standard)
- 5.4.9
- Identify the elements of a personal budget and explain why personal spending and saving decisions are important.
- 4.4.4
- Explain that prices change as a result of changes in supply and demand for specific products
- 4.4.5
- Describe Indiana’s emerging global connections.
- 4.4.8
- Define profit and describe how profit is an incentive for entrepreneurs
- .4.10
- Explain how people save, and develop a savings plan in order to make a future purchase