By Julia Cooper
Exchange City finally came for the 6th graders on May 12, 2010. 6th graders had to learn a lot of things before they go to Exchange City. For example how you interviewed for a job – everyone looks at a list with all of the jobs on it and choose your 3 favorite, then you interview for them. Some of the jobs are Policeman / Policewoman, DJ, Reporter, Mayor, Judge, Health Care person and others. You pretend you are a towns person and try things to make items sell for your business.
Some items are ‘hot’ so they sell faster because everyone wants it. ‘Not hot’ items sell slower because no one wants it. You might try to lower your price so that people will buy it. Because of that you have to choose a good price for things so you make a profit and sell the item.
You also learn how to make a check, deposit money, endorse a check, ands how to write all of this down in your checking account. You can only go to Exchange City one day in 6th grade. Exchange City is on 25 Granite Street in Portsmouth NH. When the 6th graders go to Exchange City they will get paid for the job they do in Exchange City money. You will get paid twice and be able to have a time to shop around and buy things from other shops.
According to the Exchange City Website, “Students will: Create job resumes and job applications, Have real job interviews, Become part of a business team, Develop a business plan, Develop a marketing plan, Make materials purchases, Produce real products, Price real products and services, Market real products and services, Calculate payroll expenses, Take on business accounting services, Use a personal checkbook, Make bank or credit union deposits and Make bank or credit union withdrawals.”
“Students and their businesses also: Fill out a business loan application, Take out a business bank loan, Write radio advertisements, Write newspaper advertisements, Design business signs and logos, Create business slogans, Pay taxes, Pay utilities, Pay rent, Repay commercial bank loans, and Make payroll.”
I talked to a few people in 6th grade to see how they felt about Exchange City.
“[It] is really an incredible hand’s on experience [and] is one of the best ways for kids to learn about economics” Ms. Rice said.
“My favorite part [of Exchange City] is to watch students to do their jobs and to shine in ways they do not in the class room,” Ms. Rice stated. “I love [Exchange City] but it is a long and exhausting day [for the students],” Ms. Rice added.
“I think it’s was fun because we acted like adults. It think it also help us understand economics better. I hope every 6th grade gets to do this it, was so fun! ” Anonymous exclaimed.
“I thought that it was a lot of fun because we got work/act like adults for a day. Now I know what its like to be a adult.” Another anonymous person announced.
I hope all the 6th graders had fun!!