Economics at GHS: A New Direction

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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 OSullivan (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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Mini-Economy Construction

• 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

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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 - 50
• Row 2 - 75
• Row 3 - 100
• Row 4 - 200
• Row 5 250

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Ultimately, we want to empower our students to
run the Mini-Economy!

• 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

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Among the jobs that will become available this
semester are Class Accountant records,
organizes and monitors individual student
accounting
cardsEnvironmental Engineer maintains a clean
and orderly classroom
environment Attendance
Officer takes daily attendance, records absences
Peace
Officer monitors noise pollution and
recommends appropriate finesBank Official
handles collection and distribution of all
classroom funds Tax Collector levies and
collects taxes for the public goodClerical
Assistant collects and distributes all materials
Conservationist handles all recycling,
including bottles and cans
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