Integrated Math & Economics Farming Unit

Grade Levels
3rd, 4th, 5th
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4.39 MB   |   41 pages

PRODUCT 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.
Total Pages
41
Answer Key
N/A
Teaching Duration
1 Month

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Integrated Math & Economics Farming Unit
Integrated Math & Economics Farming Unit
Integrated Math & Economics Farming Unit
Integrated Math & Economics Farming Unit