Activity 01
Simulation Game: Resource Allocation Systems
Three groups each manage a class economy using different systems: one group uses bidding to simulate a market, one uses teacher-assigned distribution to simulate a command economy, and one negotiates a hybrid. After running three rounds of production and distribution, groups debrief on what was efficient, what was fair, and what needs went unmet.
Differentiate between the core characteristics of market, command, and mixed economies.
Facilitation TipFor the simulation, assign roles that force students to experience the strengths and limitations of each system firsthand.
What to look forPresent students with three brief scenarios describing economic decision-making (e.g., a farmer deciding what crops to plant, a government setting a minimum wage, a company deciding factory location). Ask students to identify which economic system (market, command, or mixed) is most represented in each scenario and briefly explain why.