Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

In this unit, we'll be answering 4 essential questions:

Our study of economics is built directly into the classroom community. Our class economy will evolve as the year progresses. Here are some constants that will last the whole of the year:

• Students are charged rent to sit in their chairs, using our own classroom currency.

• To make the rent each month, the students must work.

• If the student fails to pay rent, the student

will go on welfare. To fund that welfare, other

students will be charged a welfare tax.

• Students will have their own bank accounts. They may deposit or withdraw their money from the bank at any time.

• Money left in the bank earns 10% interest,

compounded monthly.

• At anytime a student has enough money,

they may buy their own chair,

and therefore not pay rent anymore.

• At anytime a student has enough money,

they may buy someone else’s chair and collect the rent.

You can visualize the evolution of our class economy as a series of stages: Not all stages will be followed in order, but all will be present.

That's it!

If anything changes or evolves, I'll write about it in our fourth grade news blog.

Thanks for your time and patience in watching this dizzying presentation.

Sincerely,

Ryan

Stage 6:

Combining

Economies

When the commercials are complete, the fourth grade will celebrate! They'll host a fourth grade "film festival" for the elementary school and for the parents. After we watch all of the commercials, parents are invited to stay for the second half of the celebration; a big buying and selling day where the parents and some other classes are customers. Parents will be given blank checks.

Stage 2:

Entrepreneurship Study.

And now a closer look...

Our Class Economy

How can I invest money successfully?

Stage 5: Advertising

As part of our writing workshop as well as our values unit, in late January and early February we’ll begin to examine techniques of advertising. After discovering several genres of advertising, the students will be writing several of their own for their business. They’ll choose the best one to refine, cast, film and edit.

What are the components of a profitable business?

Stage 1:

Government Jobs.

Students will apply for jobs that I define. They’ll earn a monthly paycheck, and learn to deposit (their paychecks) and withdraw (in order to pay rent) from their bank accounts.

What is a

market economy?

What are the advantages and disadvantages of welfare?

Stage 3:

Entrepreneurs.

In December during the winter break, all student employees will be fired from their government jobs. In January, they'll create their own business, and begin buying and selling to each other. They’ll apply for small business grants, and use some techniques they learned in their literature study.

Stage 4: The Stock Market.

At some point in the second semester, all businesses that are non-government owned will become public and begin to trade on the stock market. Stock prices will be directly correlated to how the business is doing. If the business has a great week in selling, then its stock value will go up the following week. Likewise, if the business has a lousy week in sales, their stock price will go down the following week. The key is for the students to pay attention to which businesses are doing well on any given week, and invest in that business accordingly.

In November, our literature unit

will focus on economics and entrepreneurship.

We’ll read great realistic fiction

books that will help us answer this question:

“What strategies can entrepreneurs

use to promote their product or

service in our class economy?”

Learn more about creating dynamic, engaging presentations with Prezi