Financial Literacy Classroom Economy
Syllabus
Syllabus
In Financial Literacy this semester you will be a key member of an economic system, contributing as a producer, earner, investor, and consumer. You'll be earning and spending classroom dollars. This sheet explains the program, and you'll have an opportunity to ask questions about it in class.
Earning and Spending Money
Starting now, you have bills to pay. You owe monthly rent for your desk, and you also have an electricity bill. Fortunately, you have several ways to earn enough classroom cash to pay these bills. You also have special investment opportunities, and you'll see some attractive ways to spend your earnings - assuming you can save up enough. Your bills, however, always come first.
Earning Money
Spending Money
Bills
Earning and Spending Money
Starting now, you have bills to pay. You owe monthly rent for your desk, and you also have an electricity bill. Fortunately, you have several ways to earn enough classroom cash to pay these bills. You also have special investment opportunities, and you'll see some attractive ways to spend your earnings - assuming you can save up enough. Your bills, however, always come first.
Earning Money
- You will earn $800 a month for being an exemplary student.
- You can earn more if you take on another classroom job (see the jobs listed below). I will explain how to apply for a job later.
- You can earn bonus pay for achievements such as making good grades, doing your homework, and participating in school activities.
Spending Money
- You must rent your desk for $800 a month.
- You must pay $150 a month for your share of the classroom utilities. If you are found to be using more than your share of the utilities you will be charged a surcharge. If the class Utility Clerk finds our class saving utilities, the bill may be reduced for everyone.
- There are various way that you can earn bonuses to add to your monthly income. See the list of bonuses in your banking folder.
- You will owe fines to the class when you do not follow the classroom rules and fall short of the Exemplary Student requirements. See the list of fines in your banking folder.
- You can use any extra money to buy items in the classroom auction. Feel free to give the Auctioneers suggestions for the things you would like to bid on.
- You may also want to use some of your earnings for insurance (to protect your assets) or for investments. These are advanced topics that will be covered later in class.
- Exemplary student - Every student in the class holds this job
- Additional jobs - refer to job postings, see Classroom Economy website
Bills
- Monthly rent $800
- Monthly utility bill $150
- Taxes, determine by jobs you hold
- Optional Bills: Insurance, Investments