Oak Ridge Intermediate sixth grade students held their annual Uppelville event on Friday, May 10. Uppelville stands for upper elementary and is used as the name of their make believe town.
The town of Uppelville is set up in the gymnasium to accommodate the various “stores” the students created.
Uppelville is a unit of study about economic concepts by participating in a business simulation exercise.
The students choose their business, incorporate, borrow real money, and create the food, product, service, or entertainment they will be selling on the actual day of Uppelville.
On the morning of May 10, students were both consumers, purchasing from other businesses with their own money, and producers, working in their various business sites.
At the end of the morning, business groups repaid their loans that were used to purchase items for their stores, with interest, and determine their profit or loss.
The collective profits of over $1,200 will be donated to local charities or organizations of the students choice.