What is the Class Store? Throughout the week, the students earn credits for following rules, showing good character, putting extra effort into school work (homework), and being responsible. They also earn debits when classroom rules are broken.
At the end of each pay period (the 15th and 30th of each month), students add up their credits and subtract their debits to calculate their pay total.
All students have their own account book. This is where they keep track of the total debit and credit they've earned during a pay week.
On the 15th and 30th of the month, each student receives a check that reflects the amount they earned after balancing their credits and debits.
Students cash their checks at the class bank. After they cash their check, they can visit the class store and purchase items with their hard-earned (fake) money.
The students are learning many "real-world" concepts that aren't taught effectively in textbooks. The class store is ultimately used to teach economic lessons that include decision making, opportunity cost, supply and demand, and inflation.
Mr. LaFrossia
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