ROSWELL, Ga. – Verizon employees recently stepped out of the office and into classrooms to teach economics at Northwood Elementary School for Junior Achievement Day. This nationwide program pairs business people with schools to teach K-5 students from a young age about possible job opportunities in the future.
Economics is not usually taught or even brought up as early as elementary school. In fact, even in middle school, it’s a subject that’s only brushed over. That’s why Verizon decided that something so inherent to politics and living conditions in real life should be introduced earlier than it traditionally is.
On Junior Achievement Day, business people stepped into Northwood classrooms to teach the elementary school students about economics through a prepared curriculum.
Students were taught about a variety of things such as money, community helpers, goods and services, advertising, supply and demand and taxes.
After the presentation, students were taught how to apply the things they learned to real-life situations.
Third-grade students created paper doughnuts in an assembly line, mimicking factory production, something very prominent at the onset of America’s free market system. During the production, each student role played in different positions: manager, directors and workers. After making the paper doughnuts, the third-graders were paid for their respective jobs in the doughnut business.
Fifth-graders were taught entrepreneurship and marketing by trying to promote the sale of hot dogs. The students explored with the Verizon employees how fluctuating prices interacted with the concept of supply and demand, finding which option produced the greatest profit.