By taking part in the project, pupils learn what is meant by enterprise and developing ‘enterprising’ skills. Pupils also learn about the role money plays in their own and others’ lives (including how to manage their money) and about being a critical consumer
In addition to this, the project allows the pupils to develop an initial understanding of the concepts of ‘interest’, ‘loan’, ‘debt’ and ‘tax’ (e.g. their contribution to society through payment of VAT)
The Fiver Challenge project also encourages the children to think about how resources can be allocated in different ways and how these economic choices affect individuals, communities and the sustainability of the environment
How does it work?
- Pupils work together to decide what product or service they’ll invest their fivers in
- Teams source materials or products, prepare sales pitches, and plan selling events
- Pupils prepare and promote their selling event
- At the end of the Challenge pupils will repay their £5 pledges plus the 50p legacy contribution
85% agreed that the project had given them a chance to show their 4Rs: reciprocity was seen as particularly important as they realised you need a team to be able to complete all the tasks.
100% said that they were more confident at speaking to customers and explaining their product
76% strongly agreed that the design and technology element of the project was their best part.
I loved making all the materials we needed to sell. It was hard work, but the mums and dads really seemed to like them.
Archy
No comments:
Post a Comment