The students will be actively involved in a year-long economy unit in which they earn credits and debits. Students will be learning major economic concepts, as well as using math skills on a daily basis.

Throughout each week, students can earn credits for any number of things. For example, students who hold classroom jobs  each week earn credits on a daily basis according to our agreed upon payroll. Credits are also earned  for following rules, showing good character, putting extra effort into school work, and being responsible. Debits are given to students when they break laws (classroom rules) in our community of learners. At the end of each pay period(2 weeks), students add up their credits and subtract their debits to calculate their weekly total. 

We write paychecks to all students at the end of each pay period that reflect the amount that they have earned after balancing their credits and debits.

Once they have their paychecks they will then go to the bank and cash their checks

. Students cash their checks at the Third Grade Bank to receive the money (Woodies) that they have earned.  Each week a student who has had no missing assignments is chosen to be the banker.

The Woodies can be used to purchase items at our classroom store at the end of each pay period.  One student who has no missing assignments is chosen to be the cashier.  This student helps consumers total their items and makes change if necessary. He/She helps consumers total their items and makes change if necessary.

Students can, of course, choose to save the money that they earn each week to purchase a more expensive item at the store.  For this reason, all students have wallets in which they can store their Woodies.

Donations

As students shop, they use shopping logs to keep track of what they are spending.  Students record the item, the quantity, and the cost before totaling their final bill.  The log is taken to the cashier to be double-checked and is then used as the shopper's receipt.

Pictures will be added as the year progresses