UNIT 2 - ECONOMICS Economic Responsibility Game. Dates used on each day of this project Day 1 – August 30 – September 5, 2009 Day 2 – September 6-12,

UNIT 2 - ECONOMICS

Economic Responsibility Game

Dates used on each day of this project

Day 1 – August 30 – September 5, 2009Day 2 – September 6-12, 2009Day 3 – September 13-19, 2009Day 4 – September 20-26, 2009Day 5 – September 27-October 3, 2009

These items will be handed out on day one Envelope for holding cards Checkbook , Excel Sheet Checkbook, or Both List of Required Bills

These cards must be randomly handed out or placed in a box for the student to choose (you cannot pick the cards they want) Married/Single Card Career Card Chance Card

Students can view these cards and choose as many as they want Want Card

How to use each card

Day 1 – Activity Summary

Dates: August 30 – September 5, 2009EnvelopesCheckbookMarried/Single CardsCareer CardsList of Required BillsWant CardsChance Cards

Your Envelope and Checkbook

You will be given an envelope All Cards Must Be Kept In This Envelop (for all 5 days) One envelope for each single person One envelope for each married couple Names must be written on the outside of each

envelope along with the class period

You will be given a checkbook If students are married only one checkbook can be

used Must be kept current with daily activities

You will pick a Married/Single Card from a box Cards are picked from a box randomly Before going to the next step married couples must

choose a partner The partner you choose will be your partner for 5 days If you are married you will have to share everything

Chance cards Checkbook Decision making for wants

Single people make their own decisions.

Married/Single Cards

Career Card

Now that married couples have their partners each person must pick a career.

This card is picked from a box also. No one is to see the card before it is chosen.

Each card has a pay rate on it Monthly means you are paid on the 1st of each month Bimonthly means you are paid on the 1st and 15th of

the month Weekly means you are paid on Fridays of each week

Your Bills

Everyone is required to pay certain billsEach household has the following bills to pay monthly

You will have to decide when the best dates to pay these bills according to you pay checks

Bill Amount Due Date

Water $20.00 10th of the month

Electric $200.00 30th of month

Phone $50.00 3rd of month

Grocery $80.00 Weekly

Household $150.00 Monthly

Want Cards

Once Married/Single Students organize their checkbooks they can choose want cards

Look at each card and decide what you can afford to purchase

There is no limit to the amount of items purchased from the want cards

Each want card must be kept in the envelope and turned in at the end of day 5

The card can only be used onceKeep in mind you do not know what the

future may hold

Chance Cards

These card can bring you both good and bad luck

Each couple gets one card a dayEach single person gets one card a dayYou will have 5 cards at the end of the activityThe card can only be used onceAll cards must be kept in the envelope and

turned in at the end of day 5These cards are picked from a box. You cannot

choose the card you want

Day 2 – 4 Activity Summary

Each Day Review Checkbook Draw 1 Chance Card Choose Want Cards – if funds are available

Dates for Transactions Day 2 – September 6-12, 2009 Day 3 – September 13-19, 2009 Day 4 – September 20-26, 2009

Day 5 –Activity Summary

Day 5 – September 27-October 3, 2009 Review Checkbook Draw 1 Chance Card Choose Want Cards – if funds are available Balance Checkbook once more Turn in the envelope with all cards used for the

project Turn in your balanced checkbook