Milk+Makers+Reinforcing+Activity

= The Factors of Production =

Grades: 5 Theme: Regions and People of the Western Hemisphere Strand: Economics Topic: Production and Consumption Content Statement 16. The availability of productive resources and the division of labor's impact on productive capacity.

** Learning Objective: ** The students will to identify the factors of production from using the book, “The Milk Makers,” by creating a flip book.

** Materials: **
 * 8 1/2 by 11 paper for Flipbooks
 * Crayons, markers, colored pencils
 * Pencil and/or pen
 * “The Milk Maker” book

** Pre-assessment: ** Ask the students if they know what the factors of production are. If they don’t get all of them, list them on the board. This may help to spark their memories.Then, ask them to define: land, labor, capital. Handout will be provided following discussion.

** Activity: **
 * 1) Have the students create a flipbook (see example below) using paper provided.
 * 2) Have the students label each flap: Land, Labor, Capital.
 * 3) Have the students go through each page of the book and find the things that go under the flap, “Land.” Also, help students out by giving them at least one example. They need to list all of them in pencil first.
 * 4) Have the students go through each page of the book and find the things that go under the flap, “Labor.” Also, give students at least one example. Maybe have one of the students give another example to see if they are getting the hang of it (formative assessment).
 * 5) Have students go through each page of the book and find the things that go under the flap, “Capital.” Also, give students at least one example.
 * 6) Once the students have finish their flap book, the teacher will go through each page of the book and together they will go through each flap and make sure everything is covered and everyone has everything.
 * 7) Have students color the book, draw pictures, and be creative with the space leftover.

** Assessment: ** Name products from the flip book and see if students know where they belong without looking at their books. Also, teacher could use another process, besides milk and see if the students can do the same thing.

** After activity: ** Talk to students about goods and services, making profit, and taking risks, all from the process of milk and what farmers go through. The farmers take a risk by being entrepreneurs. They have to buy machinery, pay workers, have cows, and many other things in order to produce something.


 * Sample of what goes under each heading: **


 * Land:**
 * Grass for the cows
 * Hay
 * Water
 * Grains


 * Labor:**
 * Farmers milking the cows
 * Farmers keeping daily record of how much milk each cow makes
 * Farmers sterilizes and cleans everything before and after milking
 * Drivers to take the milk to be tested, all deliveries
 * Testers to test milk samples
 * Monitor machines


 * Capital:**
 * Milking machines
 * Cooling tank
 * Pipelines
 * Tank
 * Truck
 * Refrigerated Storage Tank
 * Clarifier machine
 * Pasteurized machine
 * Homogenized machine
 * Automatic Packaging machines

Substitute "Labor, Capital, and Land" on the flaps.