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!
We have been diving deep in our Economics unit! Last week, we covered economic resources and scarcity. This week, we begin learning about different economic systems.
In the activity below, each group of students represented a country with only certain resources. With those resources, they had to create food, shelter, etc. They quickly figured out that trading was the key! |
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February 2020
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