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My Classroom Economy: An Overview

By Beth Newingham on October 16, 2012
  • Grades: 3–5

While economics is considered part of the elementary social studies curriculum, textbooks and other social studies programs often neglect to incorporate economic instruction.

The classroom economy can fill this void while serving as a fun way for students to act as both consumers and economists in a real world setting. A well-run classroom economy has the ability to teach students economic principles while also serving as a behavior management system in which students are essentially responsible for themselves.

My detailed classroom economy unit plan is available on the Scholastic website. It outlines specifically how I run a successful economy in my own classroom.

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