Edmonds Community College
Materials Contributed through SERC-hosted Projects
Currency Value Game part of Starting Point: Teaching and Learning Economics:Starting Point: Economics in Two-Year Colleges:Activities
This activity (designed to be deliverable within a 50-minute class period) sensitizes students to the concept that wealth is ultimately measured by access to goods and services rather than the availability of money. It creates two economies within the classroom each with its own currency and its own supply of goods; peanuts vs. chocolates. Over six rounds of play, currency is distributed and goods are made available challenging students to maximize their wealth through the acquisition of goods. Upon discovering that one economy is less productive and inflationary while the other is productive and monetarily stable, students must adjust their currency management and wealth-seeking strategies accordingly.