Starting a school store
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Age group
Students ages 6 and 7
When
September and October
Evaluation: February
Time required
4 hours and 50 minutes
Broad areas of learning (QEP 2011)
Citizenship and community life (QEP 2011)
Activity summary
Students create a system that will pay them in return for carrying out responsibilities in the classroom. They learn about the principles of democracy by selecting a classmate to oversee the money in their school store. They carry out basic financial institution transactions (deposits, withdrawals, etc.) and make purchases at the store. They then apply what they have learned by solving math problems similar to those encountered in class.
Financial and cooperative skills
 Using an account at a financial institution
 Spending wisely
 Learning about democracy
Competencies
Subjectspecific competencies
Subject  Competencies  Progressions of learning (QEP 2011) 

Mathematics 


Crosscurricular competencies
 Adopts effective work methods (QEP 2011)
Preparation
Students draw up a list of responsibilities and use democratic principles to elect their store manager.
Time required
90 minutes
Teaching material
Task 1
Identify paid jobs
Task 1 objective
By the end of this task, students will understand that money can be earned by carrying out classroom responsibilities.
Instructions
 Tell students they will be compensated (with “school money”) when they carry out responsibilities (jobs) within the classroom. To illustrate this, show examples from the real world where people earn money through work.
 Help the students draw up a list of jobs that will be paid (with school money) and determine how many can be responsible for a given job at a given time.
 Define each responsibility once the list has been completed.
 With the students, determine how to assign responsibilities so each student has a job to do each month, and determine when compensation will be paid
 Give each student a job that will benefit the group as a whole.
Time required
60 minutes
Teaching material
Task 2
Select a manager
Task 2 objective
By the end of this task, students will have voted in a classmate who will be acting as manager, responsible for depositing and withdrawing school money.
Instructions
 Introduce the students to the position of manager, the duties it involves and the qualities a manager should have, using the Bookkeeping Record. Determine in advance how much the manager will be paid.
 Explain the principle of democracy and provide examples of it.
 Ask students who are interested in this job to introduce themselves and explain why they would be good managers.
 Take a vote.
 Give the student who is elected manager the Bookkeeping Record and explain the responsibilities of the job.
Developement
Students familiarize themselves with basic financial institution transactions and make purchases at the school store.
Time required
20 minutes
Teaching material
Task 1
Become familiar with basic transactions
Task 1 objective
By the end of this task, students will have create a school account and understand how to calculate basic transactions. They will also understand the value of saving to grow their assets.
Instructions
 Print transaction logs (1 for each student).
 Give each student a log.
 Explain the terms deposit, withdrawal, balance and interest.
 Determine with the students when they will be able to make deposits and withdrawals.
Time required
30 minutes
Task 2
Plan and make purchases
Task 2 objective
By the end of this task, students will know how to deposit and withdraw money into their school accounts to make purchases at the school store.
Instructions
 Show the students what they can buy at the school store and how much everything costs.
 Display a list of prices so students can plan their purchases depending on how much money is in their accounts. This will allow them to make some calculations before they shop.
 Tell the students what the store hours are, so they can make their purchases during the week.
Evaluation
Students apply the concepts learned to solve math problems.
Time required
90 minutes
Teaching materials
Task 1
Solve math problems in the context of the school store
Task 1 objective
By the end of this task, students will know how to solve math problems related to the context of a school store using addition and subtraction of whole numbers.
Instructions
 Give each student an Evaluation form
 Read the situation description with the students and compare it to what they experience in the classroom.
 Read Problem 1 with the students and give them time to work through it.
 Read Problem 2 with the students and give them time to work through it.
 Read Problem 3 with the students and give them time to work through it.
 Collect the papers and correct the work.