SECOND GRADE MARKET DAY   

February  27, 2020 

Dear Parent(s),

        Second graders are currently studying Economics “the science that deals with the making, distributing, selling and purchasing of goods and services.”  On  Friday,  March 20, 2020, 

students will have a wonderful opportunity to participate in “Market Day.”   This will be a great way to help students get a understanding of economics by creating a business plan, producing a good or service and selling it to their classmates in a “market place” setting.  Market Day will be a fun and exciting activity that will give students a hands-on experience of how the economy works.    

We look forward to this exciting day!

2nd Grade Teachers

        

Requirements

1. Students must  complete and submit a business plan to their teacher by  Thursday, March 5, 2020.    

2. Students must design a “Market Day Booth” to advertise their business.   The booth must display the name of the business and the cost of the goods or services.  Cardboard boxes, poster board or file folders may be used to create the display booth.   

3. Goods and services must be priced between $.25  - $1.00 ($.05 increments).

4. Students should bring  in no more than $2.00 in change  to make purchases and should have a change pouch to hold their coins. They should also bring in a bag to hold their items that they purchase.     

5. Goods Requirements:   All items should be handmade.  Glass items, Store bought items, foods,  and beverages will not be permitted.  Students should make  5 to 10 (maximum)  of the SAME items to be sold.     

Examples:   bookmarks, keychains, birdhouse, jewelry, homemade toys,  pencil holder, etc. (see below)

6.  Services Requirements: Artist Session,  Shoe tying session, card game, etc.

7. Students should be well versed on their product.  They should be able to tell others how the product is used, why it is useful, and why they should purchase the product.  

8.  BE CREATIVE!!!!! 

Examples

Market Day Business Plan

BY:  ________________________________          
Due Date:  Thursday, March 5, 2020 

Store Name - Be sure to come up with a name that will attract customers!

_______________________________________________

I will provide a Good  or Service (circle one) 

Name of Good or Service  ___________________________

Price - _______________  ($.05 increments up to $1.00) 

Materials Needed:

___________________________   ___________________________

___________________________   ___________________________

___________________________   ___________________________

This is an illustration of my product/ illustration.

Economics Fair Project Rubric                              

  (Return this sheet with the project)

I. Product	II. Selling of Product	III. Pricing and Advertising	IV: Presentation
25- Student develops a product to sell and brings more than 3 items on the correct due date.	25- Student sets up his or her shop neatly, sells the product in a friendly manner, collects money and gives change correctly to the consumer.	25- Items are priced in 5 cent increments. Student has a sign that is neatly made and includes the product name, cost of product, and a picture to represent what is being sold.	25-Student spoke clearly during presentation. Student was aware of what he or she was presenting.
20- Student develops a product to sell and brings 3 items on the correct due date.	20-Student sets up his or her shop neatly, sells in a friendly manner, but needs teacher or parent guidance when collecting money or giving change.	20-Items are priced in 5 cent increments. Student  has a sign that is not neatly made but does include the (1)product name, (2)cost of product, and (3)a picture to represent what is being sold.	20-Students spoke clearly during the presentation. Students showed some awareness of what they presented.
15- Student develops a product to sell and brings less than 3 items on the correct due date.	15- Student does not set up his or her shop neatly and has to be reminded to stay on task during the Economics Fair.  Student has hard time collecting and giving money without a lot of teacher or parent guidance. Student left their shop unattended.	15- Items are not priced in 5 cent increments or the sign does not include the product name, cost of product, and a picture to represent what is being sold.	15-Students speaking was somewhat unclear during  presentation. Student showed little awareness of what they were presenting.
10- Student brings a product he or she did not develop or does not bring a product on the correct due date.	10- Student did not have a product to sell at the Economics Fair and therefore could not participate.	10- Student did not create a sign to advertise the product or did not bring the sign on the correct due date.	10-Student speaking was not clear. Student showed no awareness of what they were presenting.

*To ensure your child earns the maximum amount of points,
please concentrate on the top row (25 Points) of this rubric
when completing the project.*        Total:___________