Ms. Kubiw's Blog

Economic Circle game

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 Canadian Money  This activity, which will take place over several days, will have the students participating in a simulation of a market economy.  Knowing that the factors of production are natural, human and capital, half the class will represent households that provide these resources (e.g., may be selling grain, or offering to take a job, or investing money).  The other half of the class will represent the businesses that, with a set amount of money, will need to purchase the resources.  Of course, the households want to get the most money for their resources, while the businesses would like to pay the least possible.  Consequently, the businesses will create their products with their resources, and attempt to sell them back to the consumers i.e. the households.  And so, the economic circle is born.

 

 

Who Wants Pizza?

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Using the handout "Who Wants Pizza?", students will complete two graphs and determine the equilibrium prices of pizza, jeans and DVD players.  They will also learn the difference between surplus and shortage and how to determine the equilibrium price.

The Saga of Canada after Confederation

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Script: Saga of Canada After Confederation 

Continue to read through the script to prepare for our presentation after March break.

Remember: you do not have to memorize your lines.

Supply and Demand

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Have I Got a Deal for You! handout 

Complete both sides of the Handout "Have I Got a Deal for You", after completing the in-class buy-and-sell activity.