Classroom Ecomomy

This year, we will work with Junior Achievemnt on building a class economy. Understanding economics is vital to future management successses for our youth. Our class economy will be present in many forms. 
   First, students will earn a salary for the work that they do in the classroom. They will keep and maintain a checkbook ledger and learn to project fiscal actions in meeting financial obligations here at school.

 Students will earn $200weekly. Their earnings are broken down in the following way:
Attendance $4 a day 
Homework $10    "
Classwork  $14  "
Best Learning Attitude $ 12 "

Once a student reches their AR goal they earn $250

Students may earn additional money in the following ways:
Outstanding classroom job filfillment $2 a day
Earn 80% all week at Successmaker Lab $5
Earn an "A" on a class test $5
Each point over and above the quarterly AR goal $2
Master Club achievements $5 (see mastery club page)
Create a Master Club acheivement $5
Blog entries about the book you are reading $2
A '6' on a writing assignment $3 - If student writing appears in our class newspaper $6
Helpful hand award $2

Each student has the potential to earn up to $800 a month.

As in the real world students will have financial obligations to pay for their "cost of living."
These costs come in the form of a monthly bill students will need to pay. Students have 7 days to pay their bills. After 7 day, late fees are attached. Students are also encouraged to save 10% of their earnings in order to meet their financial obligations on April 15th. Taxes.

Cost of Living:
Rent $100 monthly
Electric $40  "
Services $50  "
Books & Materials $ 5
Furniture $5

Additional expendatures may include:
Tickets and Fines  $5,$10,$15 depending on the severity of the incident. Tier I ($10)  fines are issued for disruptive behavior. The flow of instruction is interrupted for 20% or more of the class. Tier II ($20) fines are issued for disruptive and discourtious incidents when class harmony is disrupted endangering our safe learning environment. Tier III ($40) fines are rare but necessary for defiant acts. 
Late fees .50 cents a day
** Savings account 10% for taxes. ***

Students will have their earnings deposited into a Learning Earnings account http://teachers.learningearnings.com/login where they can spend them on items including small toys, $10 gift certificates or philanthropic endeavors in the form of donations to organizations such as SPCA etc.

In addition to our classroom economy, we will have guest speakers from local businesses come in to lead discussions and activities to help our students learn more about economic issues. If you are interested in participating please let me know as we would love to have you come in and teach a lesson. 

We will culminate our year long project with a visit to BizTown in Tampa. BizTown is a virtual village where students assume adult roles and run the town for the day.
 
Last Modified: Thursday, Aug. 25, 2011
 
© 2012 TeacherWeb, Inc.
Content on this site is the responsibility of the Subscriber. Additional information is available in the TeacherWeb Terms & Conditions