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Gettin’ Rich Quick in Walshtown A Classroom Mini-Economy by John P. Walsh and Spencer d Lybrook
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What Is a Mini-Economy in Walshtown? Students learn how to become entrepreneurs and learn strategies in how to solve real- life problems using the basic principles of economics.
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Walshtown Community Neighborhoods –Point Incentives –Name of Neighborhood –Roles of Each Person
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Jobs Located inside of the Classroom Jobs Located outside of the Classroom Savings Accounts –Personal –Business Businesses –Goods –Services How Do Citizens Earn Money?
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What May Citizens Choose to Do with Their Money? Pay Bills Visit Walshtown Marketplace Invest into Savings Disaster/Lucky Days
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Interviewing for Jobs in Walshtown Letters of Reference Perfect Application or NO Interview Math Application Problem Grades Attached to Application Dress for Success
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Banking in Walshtown Walshtown Currency –Student-created Checks –Play Money Student Bankers Use MEBS Parent Bankers Balance Checkbook Registers Income Logs Opening/Closing Funds
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Walshtown Post Office Sell Stamps Check Addressed Envelopes Make Special Deliveries
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Math Prerequisite Algorithm before Calculators Sales Tax Bob bought two pencils for $1 each and one notebook for $5.79. What is the total purchase price?
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Walshtown Business Propaganda Sales on Products Buy One, Get One Free GWP PWP Coupons and Gift Cards with Expiration Dates Limited Time Offers Raffles
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Samples of Walshtown Businesses and Products
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What Do Walshtown Citizens Learn? Find a Need and Fill It Law of Supply and Demand Scarcity Opportunity Cost Profit Current Events as Related to Economics of Walshtown (Real-time)
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