Primary school opens its own bank
Started by Scrotnig, 14th January 2018 12:30 in Talk & Chat

  1. #21 | 2064783
    BC Member
    BC Team

    Posts
    136,062
    Likes
    19,649
    JAN
    14
    2018

    Default Re: Primary school opens its own bank

    Memnoch
    Enjoyable: Tick
    Engaging: Tick
    Ignorant and Misleading: Well, teachers are all lefties, what did you expect?
    It's not ignorant or misleading and it's hardly leftie, it's teaching them some basic capitalist stuff technically.

    At a low-level, for an ordinary working person, to get money you go out to work in some form and you earn it. In the modern era you rarely get given cash, it gets put into a bank account and you spend it from there.

    This exercise is very low level - earn 'pretend' money, it's put into a 'pretend' bank account, and you can spend it in a 'pretend' shop.

    You could start arguing that the shop represents an unlawful monopoly situation as you can only spend the 'cash' there, and so there should be at least one more shop and the two should compete with each other using market forces as the primary decision driver but...wait....these are five to eight year olds! Keep it simple and interesting or they will disengage! When they're a bit older the school can start explaining the more complex realities but this is a very good way to start it all off. Spark the interest.
    Climate change is NOT an emergency
    Liked by: Plutonium


  2. #22 | 2064792
    Independent
    United Kingdom

    Posts
    42,335
    Likes
    15,740
    JAN
    14
    2018

    Default Re: Primary school opens its own bank

    Scrotnig
    It's not ignorant or misleading and it's hardly leftie, it's teaching them some basic capitalist stuff technically.

    At a low-level, for an ordinary working person, to get money you go out to work in some form and you earn it. In the modern era you rarely get given cash, it gets put into a bank account and you spend it from there.

    This exercise is very low level - earn 'pretend' money, it's put into a 'pretend' bank account, and you can spend it in a 'pretend' shop.

    You could start arguing that the shop represents an unlawful monopoly situation as you can only spend the 'cash' there, and so there should be at least one more shop and the two should compete with each other using market forces as the primary decision driver but...wait....these are five to eight year olds! Keep it simple and interesting or they will disengage! When they're a bit older the school can start explaining the more complex realities but this is a very good way to start it all off. Spark the interest.
    No, I couldn't. But you just did.
    YOU LOST. AGAIN.

 


Thread Information
Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)


Tags for this Thread

BC Forums Create Account Today's Posts Activity Stream Latest Likes
  • Quick Links
  •  
    Make A Donation To BC