This study investigated the teaching and learning behaviors of elementary school teachers and students, ascertaining student teachers' ratings of the observed behavior and comparing student teachers' and elementary teachers' ratings of behavior. A total of 84 elementary teachers and 25 third-year science education majors from Taiwan participated in the study. The study found that both student teachers and elementary teachers considered teacher performance more important than classroom management. However, student teachers considered student discipline most important among a range of teacher skills, whereas elementary teachers considered student ability most important and student discipline least important. The study also found that the average wait time between utterance in teacher-student exchanges ranged from 1.18 to 4.58 seconds, with second-grade math teachers giving the shortest wait time and fifth-grade social science teachers giving the longest wait time. (Contains 20 references.) (MDM)