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NewsDepth

Students at Rocky River School Learn Financial Literacy in Classroom

Posted Thursday, May 7, 2009

Featured on Episode 30 of the 2008-2009 season

 

This week we announce two more winners in our NewsDepth That’s My Bizne$$ Contest. First, we visit Amy Wilhelmy’s third grade class at Kensington Intermediate School in Rocky River. The class operates an economy in their classroom called “Business Time,” where they learn the value of money. In this classroom, the bills come in 1’s, 5’s, and 10’s – just like real money - but here, they’re called BC’s – for Bonus Coupons. The pretend money buys students items in class that they choose from a menu. It could be a special pen, longer recess, or even renting the teacher’s chair for a day. The BC’s are pretend, but the idea behind it is VERY real – and it’s part of the economics lesson for these third graders this year…. as it’s been for all of Amy Wilhelmy’s students since 1991. Every class member gets a weekly BC paycheck, and some even take extra jobs in class, to earn more BC’s. There are also bankers, and even public relations agents. Rocky River’s Education Foundation and a local businessman pitched in to help create actual ‘buildings,’ where bankers and agents do their work – running accounts, and keeping records. Mrs. Wilhelmy says it doesn’t take too much time to learn about economics – and that “any class could do this.” And the Kensington kids tell us, the lessons are the type you can use your whole life.

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Matt Feightner 1:15 PM 5/7/09

Thank you so much for doing this report.  Mrs. Wilhelmy should be commended for the fantastic job she is doing with these kids!

Paula FitzGibbon 4:40 PM 5/9/09

Way to go Room 205!  Great job!

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A valuable source of current events for thousands of Ohio third through eighth grade students, this weekly news program helps teachers meet state academic content standards in language arts, social studies, and more while linking Ohio students with the world. Learn more about NewsDepth.

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