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Economics Activity | Classroom Market Economy Simulation & Classroom Management

Rated 4.95 out of 5, based on 47 reviews
5.0 (47 ratings)
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Mister Harms
2.9k Followers
Grade Levels
5th - 12th
Standards
Formats Included
  • PDF
Pages
20 pages
$6.00
$6.00
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Mister Harms
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Learning Objective

Students will learn how a market economy works by creating their very own classroom economy. By buying items in the classroom and applying for jobs, students will keep track of their financial accounts in hopes of gaining more income than spending.

Description

Searching for Economics Activities? Looking for a way to make economics class more enjoyable or maybe just improve classroom management? CLA$$ONOMIC$ is an interactive classroom economy that will boost student engagement and help reinforce the major concepts of a market economy. Create your very own classroom economy with this Social Studies simulation. Students love the chance to be an entrepreneur by owning items in the classroom, charging students usage fees, and having opportunities to make money by applying for classroom jobs.

This economic simulation will help reinforce various economic concepts that are already being studied within your economics, government, or math classes. Classonomics has been such a great tool in helping students understand real-world scenarios such as credits, debits, rental costs, ownership, and more. It even helps improve student behavior and math skills! Economic concepts experienced in this simulation include: capitalism, entrepreneurship, ownership, supply, demand, addition, subtraction, scarcity, costs, benefits, and other market economic principles.

Classonomics is meant to run alongside your current classroom curriculum and procedures. This activity will not replace any lessons, rather it will only enhance your current instructional materials. I have found that it truly helps with classroom management too! Yeah! I know you and your students will come to love this engaging activity as it is a highlight for my students. Thanks so much for stopping by and if you have time, I'd love to hear from you through your comments and ratings - Enjoy!

What’s Included:

  • Detailed teacher instructions
  • Student instruction handout
  • Job application forms
  • Ownership application forms
  • Police officer log
  • Classroom fines and offenses form
  • Student grand totals form
  • Student transaction log form
  • Teacher documentation forms to keep track of all aspects
  • Sample examples are included for all aspects of the simulation to help understand how the simulation works.
  • Download the preview to read all about it!

What Teacher's Are Saying:

  • “I have used a classroom economy for years in my class, but no matter how I set it up it always seems to require so much work on my part to keep it running. THIS IS SO VERY DIFFERENT!!! This system is more student-centered and student-driven than any classroom economy that I have ever seen on the market or that I have attempted to create myself. Bravo!” - DORIS - ★★★★★
  • “This is a fantastic hands-on, long term activity to allow students the opportunity to learn about economies…fantastic resource!” - STEVIE - ★★★★★
  • “Great idea. Fun way to teach basic financial principles.” - STACIE - ★★★★★

Other Economic Products:

Economics: The Bundle - Buy and save 30% off!

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Economics: Merging Activity

Economics: Costs, Benefits & Opportunity Cost

Economics: Personal Finance, Management, & Budget

Economics: Factors of Production (School Gear)

Economics: Currency Creation

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Total Pages
20 pages
Answer Key
Included
Teaching Duration
1 month
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Standards

to see state-specific standards (only available in the US).
Read grade-level text with purpose and understanding.
Produce clear and coherent writing in which the development and organization are appropriate to task, purpose, and audience.
Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience.
Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience.
Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience.

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