Economics Students Learn Lesson Through Cookie Competition

Students hold certificate for cookie company

Economics students recently investigated the characteristics and functions of a market economy. As a culminating activity, students worked in small groups to develop cookie companies, taking into account the fixed and variable costs of the factors of production that they would encounter.

“The students’ objective was to make a profit by producing the least amount of cookies,” teacher Mrs. Allard said. “Additionally, students could accept the additional challenge of baking their cookies and there is where the competition came to real life!”

Students’ cookies were judge based on three criteria; taste, size compared to price, and overall price. Faculty and staff who were available period 9, as well as students in class, to judge the cookies.

The results are as follows:

  • KSK Cookie Company and The Cookie Project tied for the most reasonably priced cookie at $1.00 and $0.75 respectively.
  • The Laughing Cookie Company won for the best tasting cookie and for the size of the cookie compared to its price.
  • The Everyday Café won for making the most profit, by producing the least amount of cookies.

Mrs. Allard added,” “The students really loved the competitive aspect of the lesson.”

Laughing Cookie Company pose with cookies