Activity 01
Market Simulation: Vaccination Choices
Divide class into 'consumers' facing vaccination costs and disease risks. Groups decide individually first, then discuss community impacts after revealing infection spreads. Adjust with 'subsidies' in round two and compare outcomes.
How can economic growth be decoupled from carbon emissions?
Facilitation TipIn the Market Simulation: Vaccination Choices, assign roles with varying risk tolerances to create realistic trade-offs between individual cost and communal benefit.
What to look forStudents will be given a scenario involving a good with a positive externality (e.g., a neighborhood community garden). They must identify the private benefit, the external benefit, and the social benefit, and suggest one policy the local council could implement to encourage its growth.