ERIC Number: ED289794
Record Type: RIE
Publication Date: 1986-Jun
Reference Count: N/A
The Mini-Economy: Integrating Economics into the Elementary Curriculum.
Indiana State Dept. of Education, Indianapolis.
The focus of this guide is to simulate real world economic activity in the classroom by using a form of economics instruction called a " mini-economy." In a mini-economy, students earn play money in a variety of ways and spend it at a class store or class auction. Students apply for classroom jobs, run businesses, pay taxes, buy rental properties, and make investments. Chapter one of the guide deals with the effectiveness of using the mini-economy in economics instruction. Chapter two presents steps for establishing the mini-economy, such as: (1) designing the classroom money; (2) determining what items and privileges the money will buy; (3) determining how to distribute items and class privileges; and (4) deciding how students will earn the money. After the mini-economy has been established, chapter three illustrates ways of expanding it, such as establishing banks, insurance companies, and real estate companies. Chapter four deals with concerns that teachers may have about carrying out economic activities in the classroom. Resources for implementing the mini-economy are: (1) a 12-item bibliography of curriculum material; (2) a glossary of economic terms; (3) suggested models for inservice; and (4) reproducible mini-economy aids. (SM)
Descriptors: Economics Education, Elementary Education, Elementary School Curriculum, Experiential Learning, Instructional Materials, Learning Activities, Simulation, Social Studies
Indiana Dept. of Education, OSA, Room 229 State House, Indianapolis, IN 46204 ($4.00 each; over 25, $3.50 each).
Publication Type: Guides - Classroom - Teacher
Education Level: N/A
Audience: Teachers; Practitioners
Authoring Institution: Indiana State Dept. of Education, Indianapolis.
Note: Photographs will not reproduce well.