Conventions of Standard English
Demonstrate command of the conventions of Standard English grammar and usage when writing or speaking.
Comprehension and Collaboration
Engage effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) with diverse partners on grade 5 topics and texts, building on others ideas and expressing their own clearly
Presentation of Knowledge and Ideas
Include multimedia components (e.g., graphics sound) and visual displays in presentations when appropriate to enhance the development of main ideas or theme.
Arizona State Content Standards
Strand 5: Economics
Concept 2: Microeconomics
PO 2: Describe how competition, markets, and prices influence peoples' behavior.
PO 4: Describe ways in which entrepreneurs take risks to develop new goods and services.
Arizona Educational Technology Standards (2009)
Strand 1: Creativity and Innovation
Concept 2: Models and Simulations
PO 1: Recognize and explain relevant interdependent elements of a digital model or simulation.
PO 2: Explore and experiment with system variables using models or simulations.
Strand 2: Communication and Collaboration
Concept 2: Digital Solutions
PO 1: Contribute to a cooperative learning project and demonstrate effective group behaviors while using digital collaborative resources.
Strand 6: Technology Operations and Concepts
Concept 2: Application
PO 3: Apply spreadsheet formatting skills.
- The student will create a virtual coffee shop or lemonade stand.
- The student will estimate how many supplies to purchase.
- The student will analyze the success of their business and make adjustments.
- The student will construct a graph to summarize results.
- Students will work in pairs for this activity.
- Each team will choose to create a virtual coffee stand or lemonade stand which they will operate virtually for 14 days. The goal is to make as much money as possible. Students will need to estimate pricing, inventory, quality, and customer satisfaction. As problems occur, the teams will need to make adjustments to their business to remain profitable.
- Students will record their daily profit/loss on a spreadsheet. At the end of the virtual 14 days, teams will summarize their totals on a graph generated from the spreadsheet.
- Each team will compare their results with another team.
- Each student will also reflect on the activity in their journal by responding to the following questions:
- What did you learn from this activity?
- What challenges did you encounter and how did your team solve them?
- If you had another opportunity, what changes would you make so your stand would be more profitable?
- If you created a real business, what would it be?
- What challenges might you face and how would you overcome them?
- Computers or Handhelds
- Internet access
- Cool Math's Lemonade Stand Game
- Cool Math's Coffee Shop Game