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Scarcity: There
were only three ice cream certificates and 66
students. Students chose an allocation method
(lottery) to determine who got the certificates.
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Suply and Demand: Students learned
to identify consumer supply and demand and then
graphed their results. |
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| Cost Benefit Analysis: Students
learned to make decisions using Cost Benefit Analysis.
They learned to recognize their Opportunity and
Opportunity Cost and then assess their choices. |
Developing a Community: Students
chose a name for their community, civil servants,
currency,
and laws. |
|
Business
Days: Every society member developed
their own business from scarce resources. They
developed ads, slogans, did market research, and
their developed their products |
