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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

Subject-specific competencies

Subject

Competencies

Progressions of learning (QEP 2011)

Mathematics

  • To solve a situational problem related to mathematics (QEP 2011)

  • To reason using mathematical concepts and processes (QEP 2011)

  • Uses objects, diagrams or equations to represent a situation and conversely, describes a situation represented by objects, diagrams or equations (use of different meanings of addition and subtraction) (QEP 2011)

  • Determines the operation(s) to perform in a given situation (QEP 2011)

  • Determining numerical equivalencies by using relationships between operations (addition and subtraction)

Cross-curricular 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

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

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.