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Classroom Economy

Classroom Economy


Within the first few weeks of school, the students apply for jobs. For very demanding jobs, such as bankers, the students need to get a letter of recommendation from a former teacher or adult that confirms they will be a dependable individual.

 

Occupations

 
Job Title
Description
Pay
Banker
A banker keeps records for four to six students in the class. This student must be good at arithmetic and a person of the highest integrity. The banker takes deposits and checks from the bank customers and coordinates accounts with the other bankers. They are usually four bankers in the class.

Janitor

A janitor is given a specific area of the room to keep orderly. They are paid highly because I want a neat and tidy room. Thanks to the janitors, the room stays organized. There are usually four janitors in the classroom.

Messenger
The messenger takes attendance sheet to the office for subs and any notes to the office. My goto person. There is one messenger per classroom.

Artful Artist

The artful artist designs and creates all posters and any cards that come from our classroom. They may be asked to do other posters or signs for the class. This person must have artistic talent and be willing to share this with others.


Librarian

The librarians will check books in and out of the library and mark the students' library cards. They will also place books in the appropriate box. These students must understand genre and how to code books. They must also be aware that each person may only check out one book at a time. There will be two librarians per classroom.


Postal Workers

The postal worker must return corrected work to the students in a timely manner. They must be honest and to be able to read other students' handwriting.


Secretary

The secretary will put papers in number order when they have been handed in. They will then staple these together so I see who has handed in their work on time. These students will be asked to collect papers, help with absent students, and keep the materials on the shelves organized. There will be two secretaries per class.


Police Officer

A police officer has several duties. If a student breaks any of the class rules, the officer keeps a record of the infraction. The officer helps me collect all the fines that students pay for breaking rules. They are also in charge of monitoring the bathrooms during wash time. There will be two police officers (one male and one female) in the class.


Computer Technician

The computer technician turns on the computers at the beginning of the day and logs in. At the end of the day, the computer tech. is in charge of shutting down the computers. This person must be technology savy.


Hygienist

This person stocks Kleenex and antibacterial soap.


Pledge Leader

This student is responsible for leading the class in the pledge each morning. This person must be a good leader and must be able to recite the pledge. They must also use a respectable voice level.



Rent

The children must work because they have to pay rent to sit at their desks. The areas of the room closer to the front have higher rents than the ones in the back. **Desk choice is based also on behavior

Ocean-Front
Front of the room -  a month to sit here
Suburbs
Middle of the room -  a month to sit here.

City Living

Back of the room -  to sit here for the month.

Payday

Payday is the last Friday of each month. Each student receives a set of checks at the beginning of the year. I teach the students how to fill out a check and how to use their ledger sheet. This will show them how to deposit and withdraw money from their account. If a student can not pay rent, they are evicted from their seat and have to sit at a table in the back of the room. They are able to save enough money through the bonus money they can receive.

Banking on Good Behavior

Bonus Money

Students can earn bonus money in many ways. They can earn money by doing well in class, using their computer skills, displaying outstanding citizenship, participating in certain optional activities, through Accelerated Reader points and Best Foot Forward.

Fines

Conversely, to bonus money, our police officers will fine students if rules are broken. Folliwing are a list of fines levied on any student who does not toe the line.

Bonus Opportunities and Fines

Debit

Credit

Per

Attendance

-

$2

Day

Perfect Attendance for the trimester

-

$10

trimester

100% on Spelling test

-

$2

Test

90% on a test

-

$5

Test

100% on a test

-

$10

Test

Each day staying on green card


$2

Day (paid weekly)

Flipping a card

$1

-

Flip

Missing supplies

$1

-

Item

Missing homework

$2

-

Assignment

Missing Library book

$2

-

library day

Missing P.E. shoes

$2

-

PE Day

No name on paper

$1

-

Paper

No number on paper

$1

-

Paper

Tardy

$4

-

day, amount doubles with each offense

Rudeness, such as not listening when another person is speaking

$5

-

Offense

Clean desk/Messy desk

$5

$5

police raid

Dishonesty

$20

-

offense

Disrespecting an adult

$20

-

offense


Purchasing Condominiums

The fun really begins now! At any time a student may purchase his/her seat and call it a condominium. To do this, they must pay the bank three times the amount of his/her rent. For example, if the rent is $1000, the student would need to write out a check for $3,000 to the bank and that makes the student the official owner of his/her seat. From that time on, the student no longer has to pay rent each month. This teaches the students how to save their money and the advantages of owning property rather than renting.

Students may also purchase another student's rented seat and become a landlord. If a student buys another person's seat, then the student renting the seat must pay the landlord each month. They learn that the rich get richer when they save their money and plan ahead.

Auctions

At the end of the month, after rent has been paid and paychecks have been given out, we have an auction in the class. School supplies, books, art materials, models and many other things are sold. We are willing to accept donations to this great learning experience, as well. The kids learn so much from this opportunity. Some children spend all of their money on buying things, others hold off because they are saving to purchase their condominium. Still others hold off on purchasing, because I keep some of the greatest items until the end of the school year. The student learn about saving and planning.


Source: Mrs. Hillmans Website








Mrs. Acosta - Fifth Grade
Oceanside Unified School District
Palmquist Elementary
1999 California Street
Oceanside, CA 92054


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