We dedicated four lessons during March and April, in which we discussed some basics connected to – Economy, especially for kids.

In the first lesson, we talked about GOODS and SERVICES. The PYP classes defined what goods and services were. Then they needed to recognize different pictures and describe them. The MYP students needed to find the definition, and then in groups, decide what kind of company they would establish and what it would sell. Then they presented their company to others.

During the second lesson, we talked about NEEDS and WANTS. After clarifying, what are wants? Students had to decide what their families need and what they want. Then they explained this to others. The MYP students created a poster to define their ‘needs and wants’ in connection to the real world.

The third lesson was about PRODUCTION and CONSUMPTION. We watched a video https://www.youtube.com/watch?v=PAbBd0UjPzE and then discussed who were producers and consumers. Students from grades 4 and 5 created an imaginary city where they were required to develop a list of consumers and producers. After they discussed – how parents provide services around the house without being paid, such as cooking and cleaning and posing such questions: What services do your parents perform to help you out? Do they cook for you? Do they clean? The MYP students created posters in groups about their recovery plan, which would reverse current trends and change our consumption and production patterns towards a more sustainable future.

Lesson four was about reviewing everything that we have learned in the previous lessons. For the PYP reflection, the students needed to write down 5 words that he/she heard from in other groups and are essential for the World Economy. The MYP task was a little different. They were split into four groups/per grade. Their tasks were as follows:

1st group: BIRTHDAY PARTY
They were required to organize a Birthday party for their friend. They had 200 EUR to spend, and they needed to find a place to have the party, buy some food and drink, presents, etc.

2nd group: FIELD TRIP
They had to organize a Field trip for their class. They had 400 EUR to spend, and they needed to think about: where, when, what, tickets, food, etc.

3rd group: HAVING A PET
They were required to think about getting a pet from a shelter. They had 300 EUR to spend, and they had to take into considerations – medicines for the pet, food, services, etc.

4th group: EQUIPPING YOUR ROOM
They needed to equip a room, and they had 700 EUR to spend. They were required to think about: furniture, a computer, painting, etc.