Friday, September 17, 1999
Trade Town to teach kids supply, demand
BY SUE KIESEWETTER
Enquirer Contributor
FAIRFIELD — The lessons of the job market and economic principles such as supply and demand will become a lot clearer for kids at Cincinnati Christian Schools beginning today.
Children in grades 1-5 will apply for “jobs,” working in theaters, newsrooms, churches, offices and other places in Trade Town USA, a simulated society at the school.
It is part of an economics education program begun nearly 10 years ago in Seattle and being piloted at Cincinnati Christian, Monroe Elementary in Hamilton and Franklin Junior High School through the University of Cincinnati's Center for Economic Education.
“It's an economically oriented market approach based on supply and demand, private property, money and all the elements you find in society,” said Ron Clink, schools pro gram director at the center. “In this program, children will learn to recognize problems and get opportunities to solve them.”
Results from programs operating elsewhere in the United States and New Zealand show children not only learn economics but also improve behavior and attendance.
At Cincinnati Christian, students will be divided into teams, said elementary principal Val Krugh. Teams will meet for about an hour weekly to develop their product or service. Students will earn Trade Town bucks they can use to buy supplies for their product and items at the quarterly trade posts.
“We want them to take the onus to develop their product, decide on salaries, and experience supply and demand. Sometime they might find there's not enough paper or some other supply for what they want to make. They might see the price increase or they might have to change.”
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