What's the damage?Generate
Insurance costs:One-time yearly payment of: $1,200
or monthly payments of: $200
Begin planning your classroom economy before the school year starts.
Allow 2 to 3 hours to choose jobs, bonuses, and fines, and an additional 2 to 3 hours to prepare all of the materials.
On the first day of school, introduce your students to the classroom economy. Approximately a week after the introduction, assign jobs to students and provide short training sessions.
Allow 2 to 3 hours of class time to complete these activities. Keep in mind, this time does not need to be taken from your curriculum time because it can replace time that you would otherwise spend explaining your class rules.
Every month students earn paychecks and bonus money, pay fines, pay rent for their desks, and purchase prizes at auctions, all with classroom economy currency. Teachers typically have used two strategies to schedule these activities: You can conduct all of them on the same day, or spread them out over the course of the month.
Allow 2 to 4 hours per month to complete these activities. Because students will become more efficient at banking as the year progresses, we encourage you to have students bank during transition periods, such as at the beginning and end of the day. You may also allow students to complete classroom economy activities when they finish curriculum materials early.
Bring the classroom economy program to an end with a discussion and a chance to reflect. Distribute certificates to highlight student successes.
Allow approximately 1 hour for the year-end wrap-up.