On the first day of the program, you explained the rules and expectations of the classroom economy and asked the students to read the classroom economy syllabus as a homework assignment. On day two, you go into a little more detail and answer any questions the students might have.
Review the syllabus and be ready to answer student questions.
Ask students to take the syllabus from their folders. Answer student questions and ensure they understand the following key concepts:
- Money is earned in up to four ways:
- As a salary for holding the job of "exemplary student" (applies to all students).
- In bonus rewards for good achievements.
- As a salary for holding an additional classroom job (optional).
- By creating your own business (optional).
- At this point, money can be spent in four ways (two others, insurance and certificates of deposit, will be discussed later):
- Paying the monthly rent for the student's desk. The rent is $800 per month, but desks can be purchased for a one-time payment of $2,400.
- Paying an electricity bill of $150 a month, which can be reduced through the energy-saving efforts of the class.
- Buying items or privileges at auctions, which are held approximately monthly.
- Paying fines for not following classroom rules.
- The rental agreement they'll find in their student folders symbolizes their entry into the program. Collect the signed forms, sign them yourself when you have time, and return them to the students to hold in their folders as a binding contract.
- Students interested in applying for a job in addition to the exemplary student role may do so.
- Students interested in starting their own businesses may apply for a business license.
If you like to include your students in creating class rules and policies, feel free to let them suggest additional bonus opportunities, fines, and auction items.
The second day can be combined with the first day if you have time.