Description
This project combines concepts of mathematics and economics, and allows differentiation and individualized student creativity. It is perfect for extending student learning, or reviewing concepts from the year.
Students are initially given "$10,000" in which to invest in a farm. They are initially required to lay out their farm meeting specific area and perimeter requirements. They then buy a house, barn, silo, etc. From there they use a projected profits page to make decisions about what crops and animals to invest their remaining money in on their farm. The goal is to be the farmer with the greatest profit at the end of the project.
Math Concepts Covered:
Area & Perimeter
Estimation
Multiplication/Division
-Single digit multiplication
-Double digit multiplication
-Distributive property of multiplication
Borrowing/Regrouping
**By adding other simple requirements you could easily incorporate concepts of fractions as well. (i.e. one fourth of your farm, must be designated for growing crops, etc.)
Economic Concepts Covered:
Debt/Profits
Opportunity Cost
Investment
Saving/Spending
**You could also incorporate concepts of scarcity and demand by limited some of the numbers of animals or crops that could be purchased (i.e. our class only has a total of 30 cows to be purchased... students could then barter with each other if they desired a cow that was no longer available.)
This is a great resource to pass those last few weeks of school, while remaining highly engaged and continuing to meet curriculum goals.
Students are initially given "$10,000" in which to invest in a farm. They are initially required to lay out their farm meeting specific area and perimeter requirements. They then buy a house, barn, silo, etc. From there they use a projected profits page to make decisions about what crops and animals to invest their remaining money in on their farm. The goal is to be the farmer with the greatest profit at the end of the project.
Math Concepts Covered:
Area & Perimeter
Estimation
Multiplication/Division
-Single digit multiplication
-Double digit multiplication
-Distributive property of multiplication
Borrowing/Regrouping
**By adding other simple requirements you could easily incorporate concepts of fractions as well. (i.e. one fourth of your farm, must be designated for growing crops, etc.)
Economic Concepts Covered:
Debt/Profits
Opportunity Cost
Investment
Saving/Spending
**You could also incorporate concepts of scarcity and demand by limited some of the numbers of animals or crops that could be purchased (i.e. our class only has a total of 30 cows to be purchased... students could then barter with each other if they desired a cow that was no longer available.)
This is a great resource to pass those last few weeks of school, while remaining highly engaged and continuing to meet curriculum goals.
Report this resource to TPT
Reported resources will be reviewed by our team. Report this resource to let us know if this resource violates TPT's content guidelines.
Highlights
Digital downloads
Grades
3rd - 5th
Subjects
Tags
Pages
41
Teaching Duration
1 month
Description
This project combines concepts of mathematics and economics, and allows differentiation and individualized student creativity. It is perfect for extending student learning, or reviewing concepts from the year.
Students are initially given "$10,000" in which to invest in a farm. They are initially required to lay out their farm meeting specific area and perimeter requirements. They then buy a house, barn, silo, etc. From there they use a projected profits page to make decisions about what crops and animals to invest their remaining money in on their farm. The goal is to be the farmer with the greatest profit at the end of the project.
Math Concepts Covered:
Area & Perimeter
Estimation
Multiplication/Division
-Single digit multiplication
-Double digit multiplication
-Distributive property of multiplication
Borrowing/Regrouping
**By adding other simple requirements you could easily incorporate concepts of fractions as well. (i.e. one fourth of your farm, must be designated for growing crops, etc.)
Economic Concepts Covered:
Debt/Profits
Opportunity Cost
Investment
Saving/Spending
**You could also incorporate concepts of scarcity and demand by limited some of the numbers of animals or crops that could be purchased (i.e. our class only has a total of 30 cows to be purchased... students could then barter with each other if they desired a cow that was no longer available.)
This is a great resource to pass those last few weeks of school, while remaining highly engaged and continuing to meet curriculum goals.
Students are initially given "$10,000" in which to invest in a farm. They are initially required to lay out their farm meeting specific area and perimeter requirements. They then buy a house, barn, silo, etc. From there they use a projected profits page to make decisions about what crops and animals to invest their remaining money in on their farm. The goal is to be the farmer with the greatest profit at the end of the project.
Math Concepts Covered:
Area & Perimeter
Estimation
Multiplication/Division
-Single digit multiplication
-Double digit multiplication
-Distributive property of multiplication
Borrowing/Regrouping
**By adding other simple requirements you could easily incorporate concepts of fractions as well. (i.e. one fourth of your farm, must be designated for growing crops, etc.)
Economic Concepts Covered:
Debt/Profits
Opportunity Cost
Investment
Saving/Spending
**You could also incorporate concepts of scarcity and demand by limited some of the numbers of animals or crops that could be purchased (i.e. our class only has a total of 30 cows to be purchased... students could then barter with each other if they desired a cow that was no longer available.)
This is a great resource to pass those last few weeks of school, while remaining highly engaged and continuing to meet curriculum goals.
Report this resource to TPT
Reported resources will be reviewed by our team. Report this resource to let us know if this resource violates TPT's content guidelines.
Reviews
All verified TPT purchases
This was a fun unit/project to have my students work on towards the end of the year.
I used this for my Gifted & Talented class and they absolutely loved it! It was fun and challenging!
The is such a fun idea! It was challenging for my third graders. But with guidance and not giving them it all at once, they did fine. It is engaging and they had a lot of fun!
Great resource!
This was a great resource that made my kids think! It was a little harder than they were expecting but a great end of the year math project.
We started this before schools shut down as a enrichment activity. Somewhat complicated and kids needed help but they loved the challenge
Thank you for your work!
Great!
Questions & Answers
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