Let's Go to the Movies...

That's what we're doing in Miss Law's Class this week!

No it's not a field trip...

it's economics!

Since we are at our first job, school, we need to learn about earning, spending, and saving.

We are working and earning money to be able to go to the movies on Friday.

This how we earn money.

This is how we can lose money.

This is a chart for reference.

This is how it works in our classroom. Each morning after students unpack and go to the bathroom, I greet them at the door with $1. 

Our day goes pretty much as usual except that I am banking through out the day.

Every time I catch someone doing a good job following the rules I pay them a penny. When I catch someone not following the rules, they pay me a penny.

At the end of the day, I collect work and pay them a dime for everything that they turn in. Whatever is not turned in, they pay me a dime. We do the same thing for homework.

If their name is under the happy face at the end of the day, I pay them a quarter. If their name is under the sad face, they pay me a quarter.

At the end of each day, we go around the room and they tell how much money they have.

They are learning that they need to earn and save their money in order to be able to buy what they want.

We are also trading money all day. It's GREAT money practice also!

Each day I also tempt them by selling an item. On Monday, I sold stickers for 25 cents.  I only had 1 purchase. On Tuesday, I sold a piece of candy for 50 cents. I had more buyers. Some refused to be tempted!  Today I sold very large stickers for 75 cents. We LOVE stickers in my class! I had no buyers. They were too busy counting their money.

This has been lots of fun for everyone, including me! They have no idea how much they are learning!

Click on any of the pictures above to download my charts. ENJOY!