Economic Literacy in the Middle School
Middle School students engage with Economic Literacy in numerous ways within the core curriculum, especially in their history classes. The clubs and activities programs also offer students the opportunity to be part of a student run bank, to learn how to start a business and market their goods, and to discuss global economic issues through the debate and Model UN clubs. Through Envision Richmond, our 8th grade capstone experience, students engage with challenging issues facing the city of Richmond and are asked to examine economic factors in their problem solving.
Three highlights of Economic Literacy in the Middle School are the Golden Cougar savings bank, the Stock Market Game, and the Chinese market.
The Golden Cougar Savings Bank
Similar to the Savings Club in the Lower School, The Golden Cougar is operated by students for students. Middle School students have the ability to open interest-bearing accounts, make deposits, withdrawals and receive quarterly statements. The learning objectives are to familiarize the students with the importance of saving money, and improve decision-making skills within a financial framework. All club managers will have personal finance lessons once a month as well as an opportunity to meet together to hear speakers.
Stock Market Game
The Stock Market Game is a simulation of what it is like to invest in the Stock Market and takes place in all 5th grade math classes. Students participate in teams and manage an online investment portfolio valued at $100,000 and watch what happens in the real market. The game helps teach math, social studies, business, economics and language skills while focusing on the importance of long-term savings and investment. The game lasts for 10 weeks; the top team earned over $13,000 in the market in that time. Collegiate has had several teams place among the highest in the region.
Chinese classes in the sixth grade perform in a mock Chinese marketplace. Bargaining in China, like so many places in the world, is a common theme. Students play vendors and customers and have to negotiate in Chinese the price for any merchandise to reach a deal. They learn in Chinese how to ask the price, offer a price, counter offer and eventually make deals. Vendors need to count the money and make a payment. It combines language teaching, culture and economic concepts in one setting.