E-Bucks Simulated Economy
Guidelines
The E-Bucks Simulated Economy was based on a token economy of individual reinforcement of desired behaviors in which tokens are administered and exchanged for rewards. All students are required to participate in the E-Bucks Simulated Economy. In addition, students will earn points for turning in their E-Bucks Balance Sheet every two weeks. E-Bucks can be earned by each student in a variety of ways. There will be an auction each quarter for students to redeem their E-Bucks for various prizes (determined by the teacher). Therefore, E-Bucks are only good for one quarter; students cannot bank Bucks for the next quarter. Students can apply for jobs in the E-Bucks Simulated Classroom Economy every two weeks. Students will be required to keep accurate records of their E-Bucks and will be audited every two weeks.
Job Postings
Students can apply for jobs every two weeks (Banker, Insurance Agent, Auditor, Sheriff, Realtor, Janitor, Lottery, and Paper Passer). Salary for each position and job description are listed below. Students cannot repeat the same job two times in a row. Pay can be reduce based on job
performance.
Sheriff $50.00 every two weeks plus half of the violations that they write up
Duties:
Keep track of All students who violate rules such as hats on during class, listening to their
IPOD, using their cell phone, etc.
Give fines to students at the end of the two weeks and then collect the fines and turn in
the appropriate money to teacher.
Banker $50.00 every two weeks NOTE: No Banker – No Money
Duties:
Be on time to class
Pay All students who are in the classroom before the last bell has rung
Pay students for their jobs at the end of the two weeks.
Insurance Agent $60.00 every two weeks
Duties:
Sell insurance to students on Monday/Tuesday only
Keep track of students who purchase insurance and who owe money because of drawing or
who need to be compensated because of drawing
Auditor $30.00 every two weeks
Duties:
Realtor $40.00 every two weeks
Duties:
Collect rent from tenants every two weeks
Lottery $20.00 every two weeks
Duties:
Go around and collect money from those students who want to participate in the lottery Turn money and tickets into the teacher. Figure out how much the winner will receive ($50
beginning amount and 2/3 of what the students contribute)
Janitor $50.00 every two weeks
Duties:
Pick up garbage on the floor at the end of the class period Push in all chairs at the end of the class period
Paper Passer $30.00 every two weeks
Duties:
Pass back graded papers to fellow classmates when they are available.
E-Buck Insurance
All students can purchase the every two weeks advertised insurance policy from the class Insurance Agent on Monday/Tuesday only. The cost of the insurance will be $20.00 for two weeks. If you are absent on a Monday/Tuesday you cannot purchase insurance for the two week period. Insurance may protect the students from the following events such as:
Natural Disasters Fire, Flood, or Theft
Personal Loss (Downsizing, illness, etc.)
Car Accident
Disasters will be drawn daily except on the day that you buy insurance.
Students will create disasters at the beginning of each semester. I will set the financial limit of the disasters. Disasters cannot be personal. Example: Miss. Arnzen lost $50 E-Bucks.
Good disaster example is All students in row 1 had a hurricane and have to pay $50 E-Bucks. However if the student purchases insurance for natural disaster, they do not have to pay.
E-Buck Fines
E-Buck Rewards
Every quarter there will be an E-Buck Auction and students purchases prizes and rewards. Examples of rewards: gift cards, food, candy, extra credit, late points (buy back), buy out of an assignment, etc.
E-Bucks Disclosure Statement
E-Bucks are Your Responsibility! Bank of E is NOT Responsible for E-Bucks that are LOST or
STOLEN.
You must keep accurate records of your E-Bucks. All E-Buck debits and credits MUST be
recorded on the E-Bucks Balance Sheet. All students are required to turn in their E-Bucks Balance Sheet every two weeks either on Thursday/Friday. Students who do not turn their E-Bucks Balance Sheet on Thursday/Friday will receive a zero. Excused absences will be dealt with on an individual basis. The E-Bucks Balance Sheet will be provided by the teacher.
Teacher may change Disclosure Statement at anytime.
E-Bucks Criteria
Important Message:
Each student is responsible for protecting their E-Bucks earned in Introduction to Business Management Class therefore if a student looses their E-Bucks their E-Bucks will not be replaced by the Bank of E.
Students will be PAID DAILY for being on time and sitting in their assigned seats! YOU MUST BE PRESENT TO GET PAID! Students must keep accurate records on their E-Bucks Balance Sheet to receive their PAY DAY E-BUCKS as well!
Criteria to Earn E-Bucks on a Daily Basis:
E-BUCK AMOUNT TASK
Receive $10 Being in the classroom before the Tardy Bell Receive $200
(per Guest Speaker)
Work with teacher to schedule appropriate Business Guest Speaker (up to six Guest Speakers per class)
Receive $50 Create Unit/Chapter poster for classroom display and 60 second oral presentation to the class
Receive $30 Student appropriate participation in school Professional Dress Wednesday
Receive $50 Zero tardies per quarter
Receive $50 Each bathroom pass that you have at the end of each semester Receive $20 60 second class presentation Topic-Interesting Current
Volunteer Work completed (See Ms. Arnzen for form) – up to 30 hrs per quarter Receive $200 Parent Participation at Parent-Teacher Conferences.
Receive $200 Participate in Business Professional of America
Receive $50 per student Recruitment of potential BPA Students (Three students must locate teacher-Ms. Arnzen)
Receive $50 Creation of Personal Business Cards (Name, address, email, phone, class hour, teacher, business idea, business logo).
Receive $50 Banker-Must be present to get paid the full amount
Duties-Pay each student for being on time to class every day Receive $50 plus half of the
violations
Sheriff-Must be present to get paid the full amount
Duties-Complete a Sheriff’s report of students who commit violations in class and collect fines
Receive $30 Auditor- Must be present to get paid the full amount
Duties-Audit all students. Collect fines for inaccurate records and turn all money into Ms. Arnzen
Receive $40 Realtor- Must be present to get paid the full amount
Duties-Collect rent from tenants every two weeks
Receive $60 Insurance Agent- Must be present to get paid the full amount
Duties-Sell insurance to class on Mondays/Tuesdays (consult with Ms. Arnzen for coverage price and policy). Draw daily disasters from class disaster box and collect fines from students who are not covered by insurance policy
Receive $20 Lottery – Must be present to get paid the full amount
Duties: Go around and collect money from those students who want to participate in the lottery. Turn money and tickets into the
teacher. Figure out how much the winner will receive ($50 beginning amount and 2/3 of what the students contribute)
Receive $50 Janitor – Must be present to get paid the full amount
Duties: Pick up garbage on the floor at the end of the class period. Push in all chairs at the end of the class period
Receive $30 Paper Passer – Must be present to get paid the full amount
Duties: Pass back graded papers to fellow classmates when they are available.
Receive $50 Guest Speaker Thank you Letter
Receive $250 Individual Presentation (see teacher for more details-one per quarter)
Receive $20-$100 Minute to Win It Activities
Owe $100 Buy Back Points (Late Assignments-two per quarter)
Owe $200 Class work/Worksheet (Buy out of an assignment-two per quarter) Receive $??? Extra Credit Points 1 point for every $10 E-Bucks
Owe $100 One additional Bathroom Pass (one per quarter) Owe $30 Inaccurate records determined by the auditor
E-Bucks Real Estate Zip Codes and Rent Schedule
Pay the Realtor every 2 weeks!
ROW 1
85400
$10.00
ROW 2
85500
$20.00
ROW 3
85600
$30.00
Tax Income Brackets Below
All students are required to pay income taxes on the last day of every quarter. Failure to pay taxes will result in fines and possible bankruptcy.
