Using the classic game of Monopoly and a revised set of rules in this resource, your class members will discover how GDP is calculated and practice enacting expansionary or contractionary fiscal policies. What a great way to learn about this fundamental concept of economics!

Concepts

the business cycle, gross national product, fiscal policy, macroeconomics, macroeconomic indicators, the united states economy

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Additional Tags

consumption spending, investment spending, john maynard keynes, business cycle, social studies

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Classroom Considerations

• An instructor will need to spend sometime gathering materials and reviewing game rules before beginning the lesson

Pros

• Clear and organized activity handouts are included
• Great extension assignment involving researching current events related to GDP

Cons

• None

Common Core

SL.9-10.1.a RH.9-10.1 RH.9-10.2 WHST.9-10.7 WHST.9-10.8