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UNIT 2 - ECONOMICS Economic Responsibility Game
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Dates used on each day of this project Day 1 – August 30 – September 5, 2009 Day 2 – September 6-12, 2009 Day 3 – September 13-19, 2009 Day 4 – September 20-26, 2009 Day 5 – September 27-October 3, 2009
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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
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Day 1 – Activity Summary Dates: August 30 – September 5, 2009 Envelopes Checkbook Married/Single Cards Career Cards List of Required Bills Want Cards Chance Cards
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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
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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
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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 1 st of each month Bimonthly means you are paid on the 1 st and 15 th of the month Weekly means you are paid on Fridays of each week
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Your Bills Everyone is required to pay certain bills Each 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 BillAmountDue Date Water$20.0010 th of the month Electric$200.0030 th of month Phone$50.003 rd of month Grocery$80.00Weekly Household$150.00Monthly
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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 once Keep in mind you do not know what the future may hold
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Chance Cards These card can bring you both good and bad luck Each couple gets one card a day Each single person gets one card a day You will have 5 cards at the end of the activity The card can only be used once All cards must be kept in the envelope and turned in at the end of day 5 These cards are picked from a box. You cannot choose the card you want
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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
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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
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