Capitalism! A Modern Economic Simulation

Capitalism! A Modern Economic Simulation
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251 KB|11 pages
Product Description
Economics 101! This is an in-dept economic simulation that is very easy to implement in any grade 6 through 12. You'll have your classroom turned into competing businesses in no time! In the simulation students will work in groups to complete the following tasks: 1) create a company from scratch addressing elements like name, logo, mission statement, marketing plan, product line, etc 2) assume an executive role in their company and complete tasks specific to their role 3) create a cellular phone product designing everything from the appearance, to the camera, to the features, even the service providers 4) create advertisements to market and "sell" their cell phone to the student body and faculty. This simulation will work well with any economics unit and can be used to address concepts like supply and demand, producers and consumers, scarcity and choices, production costs and profit margins. Check out the preview for more information!
Total Pages
11 pages
Answer Key
Teaching Duration
3 days
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