Auction

Today I attended a silent auction that I planned. As the event was going on, I remembered an activity I did when I was in the third grade. My teacher would give us stickers throughout the year as incentive. Each sticker had a number written on it, and that was how many points it was worth. At the end of the year, we got to spend our points at an auction. She brought in all kinds of knick-knack things that we could bid on with our points. That was a great activity and I didn't even realize it until today. The students learned the value of objects, what happens if you spend your money too quickly, and how to save. It was a great economics lesson that the kids enjoyed! This idea could be adapted in many ways to fit the incentive program set in place in the classroom.