Classroom Economy Lesson Plans, Worksheets, Steps, Teaching Exercise, Course Worksheets

CREATING A CLASSROOM ECONOMY LESSONS AND WORKSHEETS
CLASSROOM ECONOMY INTRODUCTION
		Classroom Economy Introduction This lesson introduces the economics unit which will take students through the process of introducing currency into a classroom economy, applying for classroom jobs, and opening a business.
ATTACHING VALUE TO MONEY
		Attaching Value to Money An introduction to attaching value to money (the MoneyInstructor-Buck). Students learn about barter and using money as an exchange for goods and services.
INTRODUCTING CURRENCY
		Introducing Currency into the Economy with Part-Time Jobs A lesson on currency, the economy, and part-time jobs. Students learn to associate part-time jobs with currency that they earn.
GETTING A JOB
		Getting a Job Students generate a list of classroom jobs, fill out job applications, and interview for jobs.
PAYDAYS
		Paydays Students receive payment for their part-time job and begin to keep records of incoming and outgoing funds on an income and expense log.
GOODS AND SERVICES
		Goods and Services This lesson will help students distinguish between goods and services.
SUPPLY AND DEMAND
		Supply and Demand This lesson focuses on the ways that an increase in supply can effect demand and on the ways that an increase in demand can effect future supply.
TAXES
		Taxes Learn about sales tax, federal and state income tax, and the services that are paid for by tax dollars.
STARTING YOUR BUSINESS
		Starting your Business: Prototypes and Service Demonstrations Students will start their business by designing prototypes and working on service demonstrations.
BUSINESS EXPENSES
		Business Expenses Learn about many of the costs and expenses associated with starting a business. Explore business licenses, locations, patents, taxes, and partnerships.
FOCUS GROUPS, MARKET SURVEYS, AND PRICING
		Focus Groups, Market Surveys, and Pricing Students will participate in focus groups and will conduct a market survey to determine product or service pricing.
PRODUCTION
		Production: Assembling a Product, Preparing a Service Students assemble products and prepare services and will discuss the terms: profit, competition, inventory, specialization, productivity, efficiency, and assembly line.
ADVERTISING
		Advertising Students learn about the different forms of advertising and will choose a way to advertise their product or service.
CLASS BAZAAR
		Class Bazaar The bazaar is the big event that students have been working towards. Students will buy and sell their products and services.
CLOSING THE ECONOMY
		Closing the Economy Students figure their total profit from sales and pay a tax on it. Also, they will participate in a white elephant auction.

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MONEYINSTRUCTOR-NOMICS: CLASSROOM ECONOMY

MONEYINSTRUCTOR-NOMICS:
CLASSROOM ECONOMY