economics at ghs: a new direction mr. stephen donachie mr. michael isseks mr. robert karchawer
TRANSCRIPT
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Economics at GHS: A New Direction
Mr. Stephen Donachie
Mr. Michael Isseks
Mr. Robert Karchawer
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Goals of Summer Curriculum
• Examine the NYS Economics curriculum
• Review GHS Economics curriculum map
• Review newly purchased textbook:
Economics: Principles in Action
by Arthur O’Sullivan (Prentice Hall)
• Evaluate other resources: newspaper articles, selections from periodicals, Internet sources, and related readings
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End Result
A key objective of the Economics course is
to enhance understanding of economics
through practical experiences.
With this in mind, we have developed
an integrated program utilizing
“the Mini-Economy”.
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Goals of the “Mini-Economy”
• Create a realistic economy that operates as the classroom management structure
• Use as a supplement to the traditional academic curriculum
• Incorporate as a percentage of the classroom grade (25%) based on participation in a real world economy and the acquisition of wealth.
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Create currency denominations (1, 5, 20, 100, 500)
Create a “cash accounting sheet” for each student to record every financial transaction (money earned and money spent)
Create a list of classroom jobs with salaries: Hire students to take attendance, distribute
materials, collect homework, and so on Students get paid $100/day for attending class
Mini-Economy Construction
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Mini-Economy Construction
• Students submit a resume and letter of application to apply for posted positions
• Salaries vary based on the level of responsibility • Desk space rental fees
Week one – Free!Row 1 - $50Row 2 - $75
Row 3 - $100 Row 4 - $200Row 5– $250
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• Institute taxation: property tax, income tax, rental tax
• Add inflation: double job salaries and increase rent
• Levy fines: late to class, incomplete homework, “noise pollution” (classroom management)
• Create bills: desk rentals, invoices
• Entrepreneurship: ability to create their own businesses
Ultimately, we want to empower our students
to run the Mini-Economy!
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Among the jobs that will become available this semester are:
Class Accountant: records, organizes and monitors individual student accounting cards
Environmental Engineer: maintains a clean and orderly classroom environment
Attendance Officer: takes daily attendance, records absences Peace Officer: monitors “noise pollution” and recommends appropriate fines
Bank Official: handles collection and distribution of all classroom funds Tax Collector: levies and collects taxes for the public good
Clerical Assistant: collects and distributes all materials
Conservationist: handles all recycling, including bottles and cans
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