| Lesson |
Content and Activity |
Lesson 1
(Week 1) |
- Scarcity and worksheet (resource:
Citizen's Journal
in For More Information section); write definition
- Distribute Mini-Society folders (students will
keep all paperwork and definitions in the folder)
- Discuss purpose of Mini-Society
- Send home parent letter describing
Mini-Society
- Note: Students keep a log of economic definitions
in their Mini-Society folders. A list of definitions can be found at
the
Michigan
Council on Economic Education web site.
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Lesson 2
(Week 1) |
- Review scarcity
- Determine country and money names
- Define (folder) and determine denomination
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Lesson 3
(Week 1) |
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Discuss scarcity again
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Select classroom jobs for all
students to receive pay
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Determine amount to pay for each
job
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Define (folder) and discuss
goods/services
and needs/wants; do Goods and Services
worksheets
- Define (folder) and design currency; design flag (homework)
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Lesson 4
(Week 2) |
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Select
flag and currency design
- Have students attach a cost to produce flag and
design
masters of money
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Clarify that money should be ornate enough to
deter counterfeiting
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Define (folder) and discuss
Civil Servant Jobs
-
Explain how to
prepare for an interview
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Lesson 5
(Week 2) |
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Distribute
request for parent
interviewers
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Re-discuss
Civil
Servant Job qualifications
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Students complete an
application
(in writing or online):
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Students send application via email if
able to interviewer
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Have students hire adults to copy
money masters
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Mrs. Nick's
Class Examples:
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Lesson 6
(Week 2) |
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Lesson 7
(Week 3) |
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Mrs. Nick's
Class Examples:
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Lesson 8
(Week 3) |
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Lesson 9
(Week 3) |
- Announce Civil Servant
positions/winners
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Have Moneycutters
create denomination masters as soon as possible
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Have Moneycutters find adult
copy person to duplicate money (determine amounts/denomination
beforehand)
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Meet with Treasurer and
Paymasters re: their daily responsibilities
-
Discuss procedure for payments
with class
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Discuss record keeping
(Accounting
Sheet and
Daily Sales and Expenses)
define (folder) and discuss expenses,
sales, deposits and withdraws
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Mrs. Nick's
Class
Examples:
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Lesson 10
(Week 4) |
- Introduce auction and send home
auction letter regarding
auction items
- Define (folder) and discuss entrepreneurship
- Define (folder) and discuss
types of resources
(human, natural, capital)
- Outline parameters for businesses in society
(sole ownership, partnerships)
- Provide list of business ideas from Mini-Society
Framework book
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Mrs. Nick's
Class
Examples:

A student counts her money after payment
from the Paymaster
Click for larger picture
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Lesson 11
(Week 4) |
- Define (folder) and discuss
complements and substitutes (.pdf)
- Define (folder) and discuss market demand survey
from Mini-Society Framework book
- Have students conduct market survey with
classmates
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Lesson 12
(Week 4) |
- Auction day
- Have students complete the Business Idea and
Prototype worksheet (resource:
Citizen's
Journal in For More Information section)
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Mrs. Nick's
Class
Examples:
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Lesson 13
(Week 5) |
- Define and discuss supply and demand (journal);
demonstrate supply/demand curve
- Discuss supply warehouse (resource:
Citizen's Journal
in For More Information section)
- Send
warehouse help letter home requesting parent help for
warehouse
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Lesson 14
(Week 5) |
- Open warehouse for purchases
- Discuss importance and different forms of
marketing (advertising)
- Auction day
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Mrs. Nick's
Class
Examples:
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Lesson 15
(Week 5) |
- Open warehouse for purchases
- Design advertising
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Click for larger picture
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Lesson 16
(Week 6) |
- Open warehouse for purchases
- Describe need for business license and to pay
rent
- Develop advertising
- Discuss upcoming Market Day with teachers one
grade level below and how students can earn money for purchases
- Arrange a Market Day time with teachers one grade
level below (i.e., if fourth graders are doing Mini-Society, third
graders will come to shop at Market Day)
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Lesson 17
(Week 6) |
- Open warehouse for purchases
- Prepare products, advertising, etc., for first
Market Day
- Apply for business licenses and pay rent for
space
- Send Market Day flier home
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Mrs. Nick's
Class
Examples:
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Lesson 18
(Week 6) |
- First Market Day! (with one grade-level below)
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Mrs. Nick's
Class
Examples:
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Lesson 19
(Week 7) |
- Debrief regarding success of first Market Day and
how to improve products for next time
- Define (folder) and discuss profit and loss,
especially re: the first Market Day
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Lesson 20
(Week 7) |
- Open warehouse for purchases
- Define (folder) and discuss competition and
monopolies
- Prepare products, advertising, etc., for second
Market Day
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Lesson 21
(Week 7) |
- Second Market Day! (with other
grade-level classes and/or with parents/teachers/other
adults/other students)
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Mrs. Nick's
Class Examples:
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Lesson 22
(Week 8) |
- Debrief regarding success of second Market Day
and how improvements made after first Market Day may have helped
- Review for test
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Lesson 23
(Week 8) |
- Provide
Mini-Society test
and close of Mini-Society
- Obtain student feedback re: Mini-Society
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