Classroom Economy
At the beginning of the school year, the class determines daily jobs in the classroom. They also vote on a daily salary for each job. Students are then paid every Friday for their completed job. At the end of each quarter students count their money in their wallets. They then get to shop the classroom store if they have earned enough money throughout the quarter. Each student starts each quarter with $55. They empty their wallet at the end of each quarter.
Throughout each week, students can earn money in a variety of ways. For example, students who hold a classroom job each week earns money daily. Money can also be earned for following rules, showing good character, respect, and putting extra effort into school and homework. Money can be taken away when students break the rules, don't do their jobs, don't show respect, and don't turn in their homework.
Students are learning many "real-world" concepts of economics. The class store is ultimately used to teach economic lessons that include decision making, opportunity costs, supply and demand, and inflation.
At the beginning of the school year, the class determines daily jobs in the classroom. They also vote on a daily salary for each job. Students are then paid every Friday for their completed job. At the end of each quarter students count their money in their wallets. They then get to shop the classroom store if they have earned enough money throughout the quarter. Each student starts each quarter with $55. They empty their wallet at the end of each quarter.Throughout each week, students can earn money in a variety of ways. For example, students who hold a classroom job each week earns money daily. Money can also be earned for following rules, showing good character, respect, and putting extra effort into school and homework. Money can be taken away when students break the rules, don't do their jobs, don't show respect, and don't turn in their homework.Students are learning many "real-world" concepts of economics. The class store is ultimately used to teach economic lessons that include decision making, opportunity costs, supply and demand, and inflation.