Giving Children a Financial Headstart!
Rich Kid Smart Kid Games
Game One: Jesse's Ice Cream Stand
Topic: Profit
Grade Level: 3-5

>>Download Full Lesson Plan and Materials (PDF)

Interactive Internet Game Activity
Jesse is ready to open an ice cream stand and wants to sell his ice cream to earn money. An animated dialog between Jesse and his good friend Toki will introduce students to the game. Students must then help Jesse to make a profit by selecting the best of three possible ice cream scoopers.

Learning Objectives

  • Evaluate size and price alternatives for maximizing profit
  • Understand the roll of profit to earn money
  • Describe the concept of profit
Assessments
Students will:
  1. evaluate the best price to scoop size combination for profit
  2. complete a poem on the concept of profit for earning money
  3. calculate profit in several situations
Classroom Activities

1. The Ian Matthew Curious Show - A lively interview with entrepreneur Jesse Buckman will give students a brief overview of the concept of profit. Give each student a copy of the interview and have them read it silently, then have students volunteer to read the roles.
2. Profit Math Game - A competitive group activity designed to challenge students to think about maximizing profit. Class is divided into two groups and each student is given a Profit Math Game Scorecard. The object of the game is to be the first group to spell out P-R-O-F-I-T. Each letter is earned by being the first team to correctly answer a Profit Math problem. The instructor may select a series of numbers from 10 to 20 to be used in the Number Sold column. The instructor may want to show a sample problem before beginning the game. When teams are ready, the instructor should slowly say, "How much profit or loss would there be if she/he sells....(give them a number from 10 & 20)." Each team should have a way of signaling when their answer is ready. The first team to signal gets to offer their answer. If correct, that team gets a letter. If incorrect, the other team may try. In case of a tie after ten problems in the round, the last item in the Selling Price column is for a tie-breaker.
3. Profit Poets - An individual, cut and paste activity to place lines of a poem in the correct position to complete the rhyming poem. Ask students to complete the poem about Jesse and his ice cream business

Class Discussion Questions
What is profit?
Why is profit important?
What would happen if Jesse didn't make a profit?
Why do profits go up and down?
Do you think that you could start a business?
What do you think Jesse meant by learning about business, assets, cashflow, and mind your own business?

(Charts and activity sheets continue in the downloadable PDF file above.)


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Games and/or game components protected under U.S. Patent Nos. 6,106,300; 6,032,957; 5,826,878 and/or U.S. Patents Pending 2002.
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