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Students learn basic economics with a classroom economy.

 

 


CLASSROOM ECONOMY:
Introduction

 

An introduction to economics and the MoneyInstructor-nomics classroom economy.  

Teaching Objectives:

This 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.

Suggested Grades:

Second Grade - Third Grade - Fourth Grade - Fifth Grade - Sixth Grade

   
 



 

MONEYINSTRUCTOR-NOMICS INTRODUCTION LESSON PLAN

 


Teaching Materials

  • Lesson -MoneyInstructor-nomics Introduction (see below for printable lesson)




Lesson Excerpt:

The classroom hums with quiet activity.  Ben shops in the classroom store, spending the money he has earned as the class zookeeper. Nicole adds up the purchases and gives Ben his change.  In a corner, partners negotiate with one another over the number of feathers to glue onto the bookmarks they plan to sell during recess.

Blake, the boy the teacher worries about most, the one who has trouble keeping up with the others, works industriously on his popsicle stick boxes.   His work is neat, his attention perfectly focused, as he adds box after box to his growing inventory to meet the high demand for his product. 

TJ works diligently on a poster to advertise his “Super Stress Balls”.  Meanwhile, Megan uses the classroom computer to print the digital pictures she has taken, keeping careful track of how many she prints so she can pay for the ink she uses. Other students are busy calculating supply costs, filling out sales journals, balancing checking accounts, taking orders for products, and using market research to make changes to product prototypes.

In another corner, the class treasurers count money into pay envelopes to pay students for their class jobs.  The paymaster passes out the envelopes, followed closely by the tax commissioner, who collects an income tax as each student is paid. Sarah, the business commissioner, collects a business license fee from Stacy, who is ready to start selling stationary from her well-stocked inventory basket.

Continued...

 


 


Lesson Printable Materials - Worksheets

Print out the teaching lesson pages and exercise worksheets for use with this lesson:
  

MONEYINSTRUCTOR-NOMICS INTRODUCTION

MoneyInstructor-nomics: Introduction Lesson *

Printable lesson worksheet and activity.

 

 

 

 

 

 

 

 

 

 

 

 

 

Back to more Classroom Economy Lessons and Worksheets

 

 

 

 

 

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