Playful economics
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Playful Economics. Laura Ewing. President/CEO Texas Counci l on Economic Education (TCEE) www.economicstexas.org [email protected] 713-655-1650. Laura Ewing. President/CEO Texas Counci l on Economic Education (TCEE) www.economicstexas.org [email protected] 713-655-1650.

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Playful Economics

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Playful economics

PlayfulEconomics


Laura ewing

Laura Ewing

President/CEO

Texas Council on Economic Education (TCEE)

www.economicstexas.org

[email protected]

713-655-1650


Laura ewing1

Laura Ewing

President/CEO

Texas Council on Economic Education (TCEE)

www.economicstexas.org

[email protected]

713-655-1650


Laura ewing2

Laura Ewing

President/CEO

Texas Council on Economic Education (TCEE)

www.economicstexas.org

[email protected]

713-655-1650


Tcee state conference

TCEE STATE CONFERENCE

  • Hotel Contessa, Riverwalk in San Antonio

  • June 16-17, 2014 Elementary

  • June 17-18 Secondary

  • Audience:

    K to 8 Math PFL Teachers

    K to 12 Economics Strand

    Social Studies

    Secondary CTE

    Economics Teachers

  • $160 covers registration, 4 meals

    and reception


National cee conference

National CEE Conference

  • October 10-12, 2014

  • Dallas Texas

  • National and Texas

    Based Presentations

  • Cost approximately

    $150 and includes

    several meals


Texas essential knowledge and skills economics and play dough economics

Texas Essential Knowledge and SkillsEconomics and Play Dough Economics

Describe how the free enterprise system works


Laura ewing3

Laura Ewing

President/CEO

Texas Council on Economic Education (TCEE)

www.economicstexas.org

[email protected]

713-655-1650


Lesson 12 market price ii

Lesson 12:Market Price II

Market Price: Changes in Supply and Demand


Concepts of the us free enterprise economic system

Concepts of the USFree EnterpriseEconomic System

How do changes in demand affect market price?

How does the market price guide what producers or suppliers produce?


Concepts of the texas us free enterprise economic system

Concepts of the Texas/USFree EnterpriseEconomic System

Why must costs be subtracted from revenues to determine profits?

How can certain events cause costs to change, which can affect profits?


Market price focus

Market Price Focus

What is meant by demand?

What are three things you demand economically?

How much will you pay for them?

What determines if you demand/buy them?


Market price competition

Market Price Competition

We will divide into factories with 4 to 6 workers in each factory.

Choose a production manager.

Choose an accountant


Production rounds

Production Rounds

There will be 3 rounds of 5 minutes each.

You will produce any amount, but at least one of the apple, hammer, shirt and cup/saucer in 2 inch dimensions.

Each product must have 2 colors.


Production rounds1

Production Rounds

Each product must have 2 colors.

You may only use your hands – no capital.

You may specialize.

Produce at least one of each but as many as possible.


Get your play dough

Get Your Play Dough


Production rounds2

Production Rounds

Each product must have 2 colors.

You may only use your hands – no capital.

You may specialize.

Produce at least one of each but as many as possible.


Time is up

Time IS UP!

Count the quantity produced of each product.

Record the quantities on the “Revenues Worksheet”

We will do a class total.

We will draw a demand card.

We will determine prices and factory earnings.


Between the rounds

Between The Rounds

Tally your round one results

Plan your production strategy for round 2.

The production manager has the final authority on what to produce.


Get your play dough1

Get Your Play Dough


Production rounds3

Production Rounds

Each product must have 2 colors.

You may only use your hands – no capital.

You may specialize.

Produce at least one of each but as many as possible.


Time is up1

Time IS UP!

Count the quantity produced of each product.

Record the quantities on the “Revenues Worksheet.

We will do a class total.

We will draw a demand card.

We will determine prices and factory earnings.


Process

Process

What patterns do you see in the Supply, Demand, and Market Price Chart?

In a market, what two things are needed for a price to be determined?

What caused price to change?


More process

More Process

How did price influence your production decisions?

5. How did other groups influence your strategy and plans?


Laura ewing4

Laura Ewing

President/CEO

Texas Council on Economic Education (TCEE)

www.economicstexas.org

[email protected]

713-655-1650


Process1

Process

What trends do you see ?

What are three things you have learned about how the market or free enterprise system operates?

What concepts and TEKS would this activity teach?


Laura ewing5

Laura Ewing

President/CEO

Texas Council on Economic Education (TCEE)

www.economicstexas.org

[email protected]

713-655-1650


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