CLASSROOM ECONOMY

OUR CLASSROOM ECONOMY

On the first Wed. of every month, I will

auction off items from my classroom store.

Auctioning is connected to the concept of supply and demand. Students will discover how impulse buying can quickly shrink their bank account, and how saving their money from month to month will allow them to buy the big ticket items that they truly want. They will also explore auctioning strategies to help them maximize their savings as consumers.

In order for our Classroom Economy to succeed, parents can help in the following ways:

1. Ask your child about his/her earnings.

2. Talk to your child about the importance of math in real life by giving them examples of how they will need math in the future.

3. Donate any items that you feel students would want to buy (these can be things that are not of use to you anymore. You do not have to buy new things.)

4. Reflect upon the following questions with your child after every auction:

What made you keep bidding even when the price was getting so high?
How do you feel now about the item you bought? Was it worth it?
What concerns do you have about the amount of money you spent?
How will you go about rebuilding your savings?
Will you change the way you bid at the next auction?

iSHOP

OUR CLASSROOM ECONOMY

In order to help students understand how important math is in the real world, I connect my classroom management system with money math. Students will have the opportunity to be the worker, consumer, and producer in our Classroom Economy. I will also teach students about the importance of saving money for the future versus spending on immediate wants.

Through our Classroom Economy, students will develop a greater sense of responsibility and leadership skills by performing their classroom jobs, and completing homework.. Every Mon. students will receive a check for their weekly earnings on HW (and $50 at the end of the month for doing their classroom job). Dinh Dollars can also be given as rewards or change. They must be responsible in making sure the HW checker is correctly writing their scores and keeping their money in a safe location. No replacement checks and/or Dinh Dollars will be issued if lost.

In the last months of school, students are encouraged to become entrepreneurs. They make and sell goods in the classroom store. In this process, they will need to figure out an appropriate price for their goods by surveying the other students and graphing their data. They will practice principals of marketing by creating advertisements on posters and commercials for their goods.

OUR SCHOOL ECONOMY

Bruin Bucks is a program utilized to encourage and reward students for modeling good character. It will also teach students fiscal responsibility. These bucks can be offered on the playground, in the corridors, lunchroom, library, and in classrooms. Faculty and staff will be given Bruin Bucks to distribute when a student is demonstrating good behavior. Every month, students will have a chance to spend their Bruin Bucks at the Orchard School Store.

The overall goal is to find ways to reward students with Bruin Bucks on a daily basis. All teachers and staff will have Bruin Bucks to give to students, and all students have an opportunity to earn them.