ADVERTISING!

Miss Crowther taught Piako 2 all about Social Responsibility today.  That's when individual people of business do something good to help others.  It got us WONDERING ... what could we do to help others.  We came up with a few suggestions but we decided we would go home and have a think and a talk with our families about we should do with the Market Day profit. 

Please can you help us at home try and decide what good cause we could help.

Making an advertising poster

MARKET DAY MADNESS!

Today Mrs Lunn set up a production line for us to make the pet rocks and the stress balls.  We took turns at who was manufacturing the products so it didn't interfere with our learning.  Cameron decided that making stress balls was a great way to learn patience ;-)

Macy blowing up a balloon for the stessballs

The girls enjoying their work!

BRANDING!

An important part of any company is to have a Brand Name that is recognisable.  Mrs Lunn made us a slide show of logos belonging to different companies.  Our job was to identify which company it represented and to say what that company sells.  Our teachers were NOT surprised to see that we all recognised Cadbury, McDonalds and Dominos.  We had some strict success criteria to help guide us to be able to design our own company logo.  We also had to think of a name for our company.  

ECONOMIC ROLES!

Today we were talking about the roles people play in the economy.  We learnt about producers,  retailers and consumers.   We found out that producers MAKE the products,  retailers SELL the products and consumers BUY the products.

When we make our Market Day products,  we are producers.  When we sell our products we will be retailers and when we buy products at Market Day we will be consumers.   We think it's pretty cool we get experience the different types of economic roles.

NEEDS AND WANTS!

As part of our Financial Literacy Inquiry,  we explored the difference between NEEDS and WANTS.  

We found out that a need is something you CAN'T live without.  Things like a warm house,  family,  oxygen, sunlight,  water and food.

A want is something you'd LIKE to have but you CAN live without.   We'd all like some cool new toys and holidays overseas but we don't NEED them to survive.

We had to classify some pictures into NEEDS and WANTS.   It was very important that we were able to justify our decision of where we put each picture.