Activity 01
Simulation Game: The Economic Weather Report
Students are given a 'data packet' with fictional GDP, inflation, and unemployment figures for a year. In small groups, they must create a 2-minute 'news broadcast' explaining whether the economy is 'sunny,' 'cloudy,' or 'stormy' and what the government should do next.
Explain the different components of GDP.
Facilitation TipDuring the Economic Weather Report simulation, circulate to listen for students using vocabulary like 'consumption,' 'investment,' and 'government spending' correctly in context.
What to look forPresent students with a scenario: 'A Canadian bakery sells 100 loaves of bread for $5 each. The flour cost $200, and the oven cost $1000 (depreciated by $100 this year). Calculate the bakery's contribution to GDP.' Ask students to show their calculations and identify which spending category it falls under.