Here at Ahuimanu School, our third graders embark on a business economics unit. Busines Economics is an experience based unit, which means that economics is taught through the actual experiences of the learners. Students begin by studying various types of communities and learning economic concepts.
Students understand scarcity, supply and demand, inflation, competition and monopoly.
They continue by establishing their own society, printing money, developing products and forming businesses. Children will keep business records, write advertisements, become a banker, newspaper writer or insurance broker. As a result of this unit, students are anxious to learn. Students develop products for a Market Day where they open their businesses to students, parents and teachers. We address our Social Studies learning standards teaching students about their community, social issues and responsibilities as a citizen.