Activity 01
Role-Play Simulation: Command vs Market Factory
Divide class into two groups: one as a command factory with a planner assigning tasks and outputs, the other as a market factory bidding for resources with play money. Run 15-minute rounds, then switch roles. Groups debrief on efficiency, fairness, and incentives observed.
Compare how the distribution of power affects resource allocation in different systems.
Facilitation TipDuring the Role-Play Simulation, assign clear roles with conflicting priorities so students directly confront the challenges of central planning versus market freedom.
What to look forProvide students with a scenario, such as 'A new type of smartphone is invented.' Ask them to write one sentence explaining how a command economy would decide what to produce, how to produce it, and for whom, and then do the same for a market economy.