The ’21–’22 school year begins August 16. Read an update from the Head of School here.
Elementary School Grade 4 students at RIS recently participated in a Market Place event, an initiative that allowed them to explore economic principles and entrepreneurship. The event was a huge success, with over 30 student businesses participating and generating a profit of over ฿30,000. The funds raised from the event will be donated to Young Lives vs Cancer and Liter of Light, two charitable organizations.
The Market Place event was a unique opportunity for students to learn about economic principles and entrepreneurship in a hands-on manner. The students were tasked with identifying a need within the school community and creating a product to meet that need. They then surveyed their peers to gather information and identified the human, natural, and capital resources necessary to produce their product.
To ensure that they were able to manage their finances effectively, the students learned how to keep track of their profits and losses using a Profit and Loss sheet taught by Ms. Dainty Angeles. The skills they learned in this process will be useful for them in the future as they navigate the world of business.
On the day of the event, the students set up their stalls and sold their products to the RIS and Swiss School communities. Parents came out to support their children, and RIS teachers and students played an essential role as consumers. The enthusiasm and excitement generated by the event were palpable, and the students had a great time showcasing their products and engaging with customers.
In the end, the Market Place event was a resounding success, both in terms of the profits generated and the valuable lessons learned by the students. The students not only learned about the principles of economics and entrepreneurship, but they also developed essential skills such as critical thinking, problem-solving, and collaboration. The success of the event is a testament to the hard work and dedication of the students and their teachers, and everyone involved can be proud of their contribution to a worthy cause.
A special congratulations to April Siriphazwharagool (Hot Dog Stand) in Grade 4-2 for earning the Entrepreneur Award for her achievement of having the most profitable business!