Business is booming in Ms. Williams classroom. Third grade’s classroom economy has begun. The classroom economy gives students a chance to learn responsibility, money management, and math skills.
Each student has a classroom job with duties and responsibilities. The class has bankers, officers, homework monitor, librarian, and more. Each job pays a salary based on their responsibilities. Students are required to pay rent on their desk each month and balance their finances.
The classroom economy helps students experience classroom concepts in a real-world situation, giving the students an important chance to apply their knowledge in new ways.