We finally completed our Ethics and Law unit amid all the chaos. Students created an infographic or video (their choice) on a country they were given which included laws and ethical norms in the country. They all did so well!
We are learning about Ethics, Social Responsibility, and Law this week. As a summative assessment, students were tasked with creating a new Ben and Jerry's flavor which incorporates a good cause. Each student's cause of choice was so unique! They put so much effort into this project.
Today the Intro to Business students are watching the Frontline Episode - Trump's Trade War. This goes into detail about many of the topics we just covered in our International Trade unit, such as tariffs, free trade, and trade agreements.
https://www.youtube.com/watch?time_continue=1&v=4_xQ5JisFuo&feature=emb_logo Students completed a simulation where they could "shop" for items. The catch: they each had a different type of currency and each store only accepted one form of currency. The first round, they were open to trade. The second round, we created a World Bank where they could trade quicker then trading with a friend. The third round, we introduced the Euro as a common form of currency that could buy from each store. This made the process of buying goods even easier!
Students have been learning about absolute and comparative advantage. Today, we are using econlowdown's great online modules to put it into perspective a little bit more!
We are studying macroeconomic concepts (GDP, Inflation, Consumer Price Index, Unemployment, Fiscal/Monetary Policy, national debt), so students chose a random nation. They had to research the health for the past 10 years and then summarize the information. They then prescribe a fiscal or monetary policy they think will help the economy of the nation.
Students participated in an online Coffee Shop simulation where they had to buy supplies, create a recipe, set price, and adjust all aspects based on customer preferences. It became pretty competitive, and students quickly realized just how hard it is to find that equilibrium point!
To prepare for their first assessment tomorrow, we reviewed Economic Systems with rotating stations. Students were so engaged! Today, we are playing monopoly with specific instructions which model a communist economic system. The banker/government owns all property except a select few. They also act as the banker, and the bank money is theirs to spend. There area few other government special treatments, as well! Most of the students (who aren't the government) are quickly realizing that they are not fans of Communism!
Today we played The Economic System Bead Game. Students got to experience production in a Traditional, Command, and Market economy!
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