Thursday February 27th, 2014

Setup
Click here to create Google doc shared with Burns, Morrell, Toohey and Mathieu
Go over the sequence of the day & Golden Rule
Nuts and Bolt questions about Mock Economy.
(10 minutes)

Circle by wealth
Debrief
Do you think that this is how capitalism works in reality?  Do you think the Mock Econom makes capitalism look like a good or bad economic system?  Do you think the Mock Economy realistic?  Where do you think you'll end up when you get out of school?  Owner, worker, Donkey? What leads you to believe this?  Do you think that the Mock Economy Capitalism was fair?  Do you think if you did it over again you would do something different?  What?  Why you do you think people end up living in poverty in the real world?  Do you think there was a way to get everyone out of the donkey room or in real life, everyone out of poverty? Why?  Why were some people rich while others remained poor?  (45 minutes)
Short Presentation

Video
Debrief Questions: What did you see in the video that YOU didn't know was happening?  Do you think that this is how capitalism works in reality?  Do you think the video makes capitalism look like a good or bad economic system?  Do you think the video shows a fair portrayal of people in the Mock Economy?  Where do you think you'll end up when you get out of school?  Owner, worker, Donkey? What leads you to believe this?  Do you think that the Mock Economy Capitalism was fair?  Do you think if you did it over again you would do something different?  What?  Why you do you think people end up living in poverty in the real world?  Do you think there was a way to get everyone out of the donkey room or in real life, everyone out of poverty? Why?  Why were some people rich while others remained poor?  Would Beal ever made it out of the donkey room?
Short Presentation
(1 hour 45 minutes)

Roger and Me
(1 hour 30 minutes)
Debrief Questions: Do you think the Movie makes capitalism look like a good or bad economic system?  Do you think the video shows a fair portrayal of workers and business owners?  Where do you think most people who live in Flint Michigan will end up?  Why do you think people choose to stay in a place like Flint Michigan? Do you think that people in Flint were treated fairly?   Do you think there is a way to get everyone out of poverty? Why or why not?  Do the wealthy, or successfully corporations owe anything to the people that work for them, meaning is it capitalisms responsibility to make sure everyone has a job? Would you want pets or meat?
Short Presentation

Real Estate
Debrief Questions:  After doing some research into the area of Flint Michigan explain why  real estate so cheap?
Short Presentation
(30 minutes)

Auction
(30 minutes)

Prepare for a final presentation:  You will have to explain the strengths and shortcoming of capitalism.  Fairness, government involvement, poverty, social class, division of wealth, competition, etc.  These presentations will be on Wednesday March 5th.

Terms you have to know:  Capitalism, Communism, Socialism, Profit, Societal value of the profit motive, Surplus value of labor, union, Competition, Exploitation


TBD
In the future you will create a product or service that you think will thrive in the downtown Norway.
Using your knowledge from notes, video's, Mock Economy, class discussions create a product or service that you think would be profitable.  You will be surveying the downtown Norway area, surveying merchants, as well as space for your business.  You will be asked to create a business plan, do research on your product or service, determine costs associated with starting a business, researching demographics of area, and potential demand for you product or service.