ETE 335

Elementary Social Studies Lesson

deBonos Thinking Hats

ETE 335

Elementary Social Studies Lesson

deBonos Thinking Hats
Nimira
Economics
3rd Grade
Running My Own Business

ETE 335

Elementary Social Studies Lesson

deBonos Thinking Hats
Goals:
-Students will learn about all the work that goes into
running their own successful business
-Students will learn why it is important to have businesses
and sell items to keep the economy going.

Objectives:
Content/Knowledge:
Students will develop their own business and analyze
what goes into running a successful business

Process/Skills:
-working in teams/groups
-Using resources wisely
-Math skills to calculate how much to sell goods for

Values/Dispositions:
Students will construct their own businesses and discover
all the work, time and energy and that goes into running a
successful business

ETE 335

Elementary Social Studies Lesson

deBonos Thinking Hats
Rationale:
It is important for students to learn about how businesses run and
how they decide what to make and how they create and sell their
products. They will also learn how economy inflation plays a key
role in how much products cost.

Standards:
State
-15.A.1a Identify advantages and disadvantages of different ways to
distribute goods and services.
-15.B.2b Explain the relationship between the quantity of
goods/services purchased and their price.
-15.C.1b Identify limitations in resources that force producers to
make choices about what to produce.

National NCSS Themes

-Individual, Groups, and Institutions
-Production, Distribution, and Consumption

Objective

Objective
Activity:
Students will be able to chose their own business
partner and will start coming up with business
ideas and going online to see what it takes to run
a business.
They will need to find 2 facts and pieces of
information each
Materials:
Partner
Pencil
Paper

Intuitive

Intuitive
Activity:
Students will pick their business and decide why they
want to run that business, what there role is, and why
they should sell their product to the community
Materials:
Pencil
Business Journal/Notebook

Positive/Strength
s

Positive/Strength
Activity:
s
Business partners will come together and discuss
why their business is a good idea and what strengths
they bring to the business, and why their business
will benefit the community
Rewards for employees who work hard and follow
rules
Materials:
Pencil
Business Journal/Notebook

Negatives/Weaknes
ses

Negatives/Weaknes
ses
Activity:
Students will come up with a list of things that
can go wrong when running a business
How a business can fail
They will also come up ideas of weaknesses
they foresee in their own business
Consequences for employees misbehavior

Materials:
Pencil
Business Journal/Notebook

Creative

Creative

Activity:
Students will pick a business start coming up with a
business plan
What to sell
Price to make product
Time it takes to make one product
How much the product should be sold for
Rules for how to run their business
Employee expectations
Materials:
Pencil
Business Journal/Notebook
Poster for business advertising

Thinking About
Thinking

Thinking About
Thinking

Activity:
The grand opening of the business has just ended there
were a few mistakes that happened but over all the day
went well.
Students will reflect on how they felt when the
business opened and how they felt at the end of the
first business day.
Brainstorm what needs to be done before tomorrow
and what they expect in the future.
Materials:
Pencil
Business Journal/Notebook

ETE 335

Elementary Social Studies Lesson

deBonos
Thinking
Hats
Visual Learning,
Assessment,
and
Online Resources:
Assessment:
Students will be assessed based on:
1. Their daily business journal
a. Full completion of journal
i.
Reflective and meaningful
2. Their business plan
a. Completion
b. Neatness
c. Professional

Online Resources:
3. https://delicious.com/nimhus1/economics
4. https://delicious.com/nimhus1/business