Students earn and spend money in a simulated microeconomy acting as both consumers and economists in a real world setting. This system helps students learn basic necessary principles of economics throughout the entire school year.
How It Works:
Every month students earn paycheques and bonus money for completing a classroom job and bonus activities. They also pay fines, bills, and rent for their desks. (or purchase their desks forgoing paying the monthly rent. )
They have the opportunity to purchase items —all with classroom economy currency (mock money)- or save their money.
Students will be in charge of setting a short and long term goal and keep track of their own finances. They have the option of keeping “classroom cash” or depositing their money into the classroom bank (for a small fee, but also interest can be acrued). Much like the “real world”, lost cash is lost cash. Students will not receive more cash to replace their lost cash. They are responsible for keeping their own money in a safe place.
Students are also responsible for keeping track of their balance to ensure they have earned enough money by the end of the month to pay their bills.
How to earn money:
Doing your class job
Joining extra-curricular activities (cross country, choir, chess, puzzles, etc..)
Bringing back your library books!
Finishing your weekly work
Cleaning up after yourself: Push in chair, Clean up lunch + Random desk/cubby checks
Getting awesome feedback from other staff (including supply teachers)
Being safe
Being kind
Being responsible
Speaking in French (spontaneously)
Birthday & Holiday bonuses
Expenses & Fines
Electricity & Technology bills (whole class - monthly)
Desk rent (individual - monthly)
Not being kind (refer to list)
Not being responsible (refer to list)
Not being safe (refer to list)
Excessive English speaking (so much that it is interefering with learning)
Inappropriate usage of technology
Purchasing items from class stores