September 2017
Dear Parents,
This year your child is embarking on an adventure into the real world of economics. The "classroom economy" program that I have created and evolved over the years, is a means to teach the children how people earn and pay their way in the working world as well as learning how to be accountable for their actions and how to become an active member of society. Students will have to work for their money by doing classroom jobs and by turning in completed homework assignments on time. They will learn how to budget the money they earn and make decisions about how they choose to spend their earnings. They will also be “fined” for not following the rules and procedures of the classroom just like adults are “fined” for not following the rules of the road. Different violations will cost different amounts and students will have to correct their behavior in order to avoid future fines. Please see below for the full explanation of earnings and fines.
This system has been a very successful learning experience in the past and the students really enjoy it. However, since each classroom community is different, it may take a few weeks until we get all the kinks worked out in this class's “economy.” Please continue to check the classroom website for any changes or updates.
As always, thank you for your continued support,
Mrs. Malm
CLASSROOM ECONOMY RULES
· Every student will start his or her bank account with $25.
· ONLY the BANKER may go into the money drawer.
· Steeling from the money system will result in a parent conference, $0 balance and suspension from the classroom economy for an agreed upon amount of time.
· Students bank accounts are their responsibility. If a bank account is lost, the student will restart at $0, this is non negotiable.
· If money is found on the floor it goes back into the class bank account.
· Each job will have to be applied for at the end of each job cycle (every two weeks). If you apply for a specific job and don't get it, you will have employment priority. If you do not apply for a job, you will only be considered for a job after all the applicants are appointed to positions. I will then look at other factors to determine if you should be employed, these factors might include turning in homework and classwork on time, class participation, cooperation, effort etc.
There are two ways to earn money:
Handing in completed homework on time, with name and number, and without being reminded- $1 per assignment. If you are absent and turn in the homework the day you return, you will be paid for those assignments with no penalty.
Completion of daily job- $2-$5 per day depending on job, to be paid at the end of each week.
Students will be fined for:
Neglecting to complete classroom procedures such as: Stacking chairs at the end of the day, clipping in for lunch, leaving agenda at home etc. These offenses start at $2 and will increase as the year progresses.
Having a messy desk at the end of the week- $5 (the desk checker will help you get your desk organized during the course of the week). Everyone will have an opportunity to clean and organize his or her desk at the end of each week during "organization time."
Violating a classroom or school behavior rule- Fine TBD by offense
Money can buy:
“Free homework Pass”- $100 (good for one assignment per week, there are restrictions check with me before using it!)
Lunch in the classroom with Mrs. Malm- $100 per person
Read to a younger class- $100
10 minutes computer time (in the morning before class starts, only good if you get to school at a reasonable time)- $75
Spin the “Wheel of Fortune”- $200
Ten popcorn scoops- $250
Extra class recess time (20 minutes)- $750 (get your friends to chip in!)
Class movie day- $1500 (get your friends to chip in!)
Other rewards are negotiable
Dear Parents,
This year your child is embarking on an adventure into the real world of economics. The "classroom economy" program that I have created and evolved over the years, is a means to teach the children how people earn and pay their way in the working world as well as learning how to be accountable for their actions and how to become an active member of society. Students will have to work for their money by doing classroom jobs and by turning in completed homework assignments on time. They will learn how to budget the money they earn and make decisions about how they choose to spend their earnings. They will also be “fined” for not following the rules and procedures of the classroom just like adults are “fined” for not following the rules of the road. Different violations will cost different amounts and students will have to correct their behavior in order to avoid future fines. Please see below for the full explanation of earnings and fines.
This system has been a very successful learning experience in the past and the students really enjoy it. However, since each classroom community is different, it may take a few weeks until we get all the kinks worked out in this class's “economy.” Please continue to check the classroom website for any changes or updates.
As always, thank you for your continued support,
Mrs. Malm
CLASSROOM ECONOMY RULES
· Every student will start his or her bank account with $25.
· ONLY the BANKER may go into the money drawer.
· Steeling from the money system will result in a parent conference, $0 balance and suspension from the classroom economy for an agreed upon amount of time.
· Students bank accounts are their responsibility. If a bank account is lost, the student will restart at $0, this is non negotiable.
· If money is found on the floor it goes back into the class bank account.
· Each job will have to be applied for at the end of each job cycle (every two weeks). If you apply for a specific job and don't get it, you will have employment priority. If you do not apply for a job, you will only be considered for a job after all the applicants are appointed to positions. I will then look at other factors to determine if you should be employed, these factors might include turning in homework and classwork on time, class participation, cooperation, effort etc.
There are two ways to earn money:
Handing in completed homework on time, with name and number, and without being reminded- $1 per assignment. If you are absent and turn in the homework the day you return, you will be paid for those assignments with no penalty.
Completion of daily job- $2-$5 per day depending on job, to be paid at the end of each week.
Students will be fined for:
Neglecting to complete classroom procedures such as: Stacking chairs at the end of the day, clipping in for lunch, leaving agenda at home etc. These offenses start at $2 and will increase as the year progresses.
Having a messy desk at the end of the week- $5 (the desk checker will help you get your desk organized during the course of the week). Everyone will have an opportunity to clean and organize his or her desk at the end of each week during "organization time."
Violating a classroom or school behavior rule- Fine TBD by offense
Money can buy:
“Free homework Pass”- $100 (good for one assignment per week, there are restrictions check with me before using it!)
Lunch in the classroom with Mrs. Malm- $100 per person
Read to a younger class- $100
10 minutes computer time (in the morning before class starts, only good if you get to school at a reasonable time)- $75
Spin the “Wheel of Fortune”- $200
Ten popcorn scoops- $250
Extra class recess time (20 minutes)- $750 (get your friends to chip in!)
Class movie day- $1500 (get your friends to chip in!)
Other rewards are negotiable