ERIC Number: ED458169
Record Type: Non-Journal
Publication Date: 2001
Reference Count: N/A
Money Simulation (Mini Economy). Lesson Plan.
This lesson plan, a simulation which can be a semester-long activity, illustrates numerous economic concepts to students of all abilities. The lesson's system has been used successfully for the past five years in English as a Second Language, regular, and Advanced Placement classes. The "system" has proven to be enjoyable, motivating, effective, and a great way to objectively assess a student's class participation. The lesson revolves around the idea of the student as an independent contractor "employed" by the teacher, with all that such an idea involves in the classroom. The simulation's purpose is to provide an interactive vehicle for experiencing, illustrating, and learning economic principles and concepts. The lesson provides an overview, gives a purpose, cites objectives, lists materials needed, and outlines step-by-step procedures. (Contains a resource page to show how money simulation addresses economic principles.) (BT)
Descriptors: Economics, Economics Education, High Schools, Instructional Effectiveness, Money Management, Simulation, Social Studies
Foundation for Teaching Economics, 260 Russell Boulevard, Suite B, Davis, CA 95616-3839. Tel: 530-757-4630; Fax: 530-757-4636; e-mail: email@example.com. For full text: http://www.fte.org/teachers/lessons/lessons.htm.
Publication Type: Guides - Classroom - Teacher
Education Level: N/A
Audience: Practitioners; Teachers
Authoring Institution: Foundation for Teaching Economics, Davis, CA.