Div. 1's Classroom Economy

Objectives

• To take part in a simulation of real-world economic activity
• Learn the value of earning a pay check, as you bank salaries from your jobs
• Learn how to budget spending
• Discover the importance of saving money

EARNING MONEY

• Monthly Student Wage
• Jobs
• Bonuses

Monthly Student Wage

• Students will be paid $100 a month to attend school

Banker

• 4-6 positions
• Duties: Keep banking records for 4 to 6 students. Accept money for deposits. Pay out money for withdrawals. Keep some cash ready to meet requests. Deposit remaining cash in the Central Classroom Bank.
• Monthly Salary: $700
• Requires a Letter of Recommendation

Police Officer

• 3-4 positions
• Duties:Check for violations of class rules. Hand out tickets to fine students who break the rules. Keep a record of fines and payments. Deposit money from fines in the Fine Folder.
• Monthly Salary: $650
• Requires a recommendation

Clerk

• 2 positions
• Duties:Hand out papers and materials to students. Collect papers or homework from students when asked. Organize the class supply shelves and keep them neat.
• Monthly Salary: $600

Messenger

• 1-2 Positions
• Duties:Deliver written or spoken messages to people throughout the building.
• Monthly Salary: $500

Custodian

• 3 postions
• Keep the writing boards and countertops clean. Sweep the floor at the end of each day and ensure all chairs are stacked neatly.
• Monthly Salary: $800

Librarian

• 1 position
• Duties: Ensure Library basket is taken down to the Library every morning. Ensure classroom book shelves are tidy.
• Monthly Salary: $500

Technology Supervisor

• 1-2 Positions
• Duties: Turn the lights and computers on or off at appropriate times. Assist with technology tasks such as setting up projectors, preparing cameras, or using audio equipment.
• Monthly Salary: $400

Horticulture Specialist

• 1 position
• Duties:Water plants at regular times. Clean up fallen leaves or petals from plant pots. Dispose of dead plants when necessary.
• Monthly Salary: $400

News Director

• 1-2 positions
• Duties: Keep the class updated on current events. Research topics of interest to the class. Host weekly Newscast.
• Monthly Salary: $700

Landlord

• 1-2 positions
• Duties: Collect Rent each month and ensure each student has enough funds to pay for rent.
• Monthly Salary: $500

OTHER JOBS

OTHER JOBS

• Author
• Entertainment
• Mayor (??)
• Entertainment
• Lawyer
• Judge and Jury
• Busker
• Classroom help

Bonuses

• High achievement on a quiz, test, assignment or project ($50)
• Compliment from another teacher ($100)
• Join an extracurricular activity ($200)
• Bringing in a current event ($50)
• Other ideas???

Spending

• Rent
• Supplies
• Fines

Rent

• Monthly Rent $800
• One time desk purchase $3000
• Mansion Weekly Rental $500

Supplies

• If you lose your school supplies, you will be able to purchase new ones at a cost. This includes pencils, erasers, felts, rulers, etc.

Fines

• Dishonesty ($500)
• Messy Desk ($100)
• Missing Work ($50)
• Off-task behaviour ($100)
• Speeding ($50)
• Others???
• Teacher and Police officers will keep track of violations in the offence log and issue tickets that need to be paid by the end of the month

Each student will receive:

• A file folder to keep track of money
• Bank Log Sheet
• An envelope to keep some cash on hand

Ways to spend Money:

• Auction
• Homework Extension
• Class Party
• Movie Afternoon