Activity 01
Simulation Game: Government Budget Challenge
Divide class into Treasury teams facing a recession scenario. Each team allocates a fixed budget with borrowing options, justifying tax hikes or spending cuts. Groups present decisions to a 'Parliament' vote, then debrief on debt impacts.
Explain the causes and consequences of national debt.
Facilitation TipDuring the Government Budget Challenge, circulate with a timer visible to all groups to maintain the sense of urgency and realism in negotiations.
What to look forPose the question: 'If you were Chancellor of the Exchequer, what two fiscal policy measures would you prioritize to reduce the national debt, and what are the potential drawbacks of each?' Facilitate a class debate, encouraging students to justify their choices with evidence.