2B'S Classroom Economy

           

          This year student’s will participate in a program called 2B’s Classroom Economy. Each student has applied for a job. They will keep this job for one month. At the end of the month each student will receive a salary.  Every Monday student’s will be allowed to use the money they have earned in the classroom store.

Objective:

1.     To have fun while involved in math activity.

2.     Using mental math.

3.     Participate in a classroom economy designed to mimic real world economic activity

4.     Compare economic systems over time and history

5.     Evaluate the importance of classroom jobs and daily responsibilities

6.     Perform classroom jobs to earn daily salaries

7.     Budget their money and balance

8.     Use a decision making model to make consumer decisions

9.     Reflect on the importance of saving money

10.            Discover that every decision has an opportunity cost

THE APPLICATION
Now for my students to get a job, I have them fill out a job application. This week we went through each job and we talked about what the duties are. I'll show them my ring of jobs, and flip through them all so they can visually see what that job's duties are.

Student will answer question like:

·        I want this job because I am responsible and help take care of my dog at home.

·        I want this job because I am good at math.

·        I want this job because I am polite and know how to answer a phone.

Objective:

1.     Using writing creativity to answer questions.

2.     Handwriting skills.

3.     Reading comprehension.

4.     Evaluate the importance of classroom jobs and daily responsibilities.

 You'll be amazed at the creative responses students will give! I make sure to let my students know that neat applications with fabulous reasons will always persuade me to give them their first choice. We also talk about how behaviour in class can affect getting their dream job as well. If they're not respectful, then how can I trust them to take care of our class pet? Another thing we discuss is that sometimes a student might not get any of their choices. We did some role playing on how to act if that were to happen, and I let them know that if they are a good sport I will make sure they get one of their choices next time!

THE MONEY
So I keep talking about money! Well YES! My students earn money for everything they do! Participating, trying their best, helping another out without being asked, just sitting their quietly, ANYTHING! It's amazing what the other students will do when they see me paying their friends for good behaviour. And the great thing, I don't even need to break stride from my lesson.

When the year starts, I always have students design our classroom money. We then take a vote on which is our favorite, and that is the design I will copy for the year. I love that it is student-made and different each year!  We will use 1's, 5's, and 10's etc. this is such a great way for them to practice skip counting and the real world skill of counting money! To help kids keep track of their money, I usually give them an envelope. If you want to send your son or daughter to school with a purses and wallet, please feel free to do so.  

THE TAXES AND BONUSES
Now students don't just earn money, they can lose it too! Taxes are where students owe the teacher money, and bonuses are how they can earn Today we voted on how much that particular tax or bonus should be. It’s good to give the students more ownership of their community shopping day.

THE STORE
Every Monday student’s will be allowed to bring their money out and buy something. I have items for 1 L.E- 500L.E. I try to create things for students to buy that won't cost me a lot of money. If you would like to send in genteelly used items (toys, books etc) for student’s to buy please feel free to do so. Therefore snack Monday will be held once a month now.

Thank you

Thank you to all the parents who sent items in today for shopping Monday. The Kids had a blast!  I’m sure they will love to tell you all about their shopping fun. Next payday will be November 29, 2012.

Snack Monday

Snack Monday will be November 29, 2012. Once again Snack Monday will be once a month but shopping Monday is weekly