How The Second Grade Got $8205.50 To Visit The Statue Of Liberty
The second grade wants to take a trip to the Statue of Liberty, so they become entrepreneurs, trying to make enough profit to pay for the trip. However, they find many problems in their entrepreneurial ventures and suffer losses instead of making profits. The expenses, income, and profit or loss of each business venture are included. Finally, just as they are about to fail in their last venture, they accidentally interrupt a bank robbery, and get a large enough reward to pay for their trip.
Economic Concepts
- Entrepreneurship
- Profit and Loss
- Incentive
- Risk
- Decisions
- Wants
- Producers
- Goods and Services
- Resources
- Consumers
- Markets
- Money
- Productivity
- Specialization
- Competition
- Interdependence
- Opportunity Cost
Grade Levels
- Primary (K-3)
- Intermediate (4-6)
Related Subjects
- Entrepreneurship
- Personal Finance
Borrow or Buy this Book
- ISBN: 0807534315
Teacher Tips for Using this Book
Online Lesson for How the Second Grade Got $8,205.50 to Visit the Statue of Liberty:
http://www.kidseconbooks.com/html/how_the_second_grade_got___820.html
Students read the book and discuss the economics concepts through a set of questions and answers.
In this lesson, students discuss the efforts of the second grade as they start businesses and then consider becoming entrepreneurs by starting a business of their own. (Print publication – lesson not available online).
Gallagher, S., & Hopkins, M. C. (2003). Spotting economics: from Africa … to ice cream! Richmond, VA: EconFun.