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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (103097)	3/3/2005 6:15:25 AM
From: LindyBill	Read Replies (1) of 794001

Pure Genius! Division of labor blog - Trading Game A couple people have asked me about what kind of game I did with the kids in my daughter's class. It's pretty simple and fun. Here’s what I do: (1) Buy small trinkets from the dollar store (one for each kid): decks of cards, small toys, pens, pads of paper, lip gloss, hair bows, etc. (2) Distribute randomly one small trinket to each kid. (You can teach about scarcity here when some complain that they don’t like what they get.) (3) Ask them to rate on a 1-10 scale how much they like the item. Take the average. (4) Now let the kids trade with each other. (This is fun.) (5) Ask them to rate on a 1-10 scale how much they like the item they have now. Take the average. (Today I just asked for a show of hands if their number went up after trade because they don’t know averages yet.) (6) I usually sketch out a simple bar chart to illustrate the point. I have done this many times and I have NEVER had the average fall. This shows them that trade creates value. You can usually talk with individual students who made trades and get them thinking about how the trade made both parties better off. One variation is that you can do this in two steps. First let them trade in small groups only of 3-4 kids and do the rating and averaging. Then let them trade with the whole class. Again every time I’ve done this, the numbers get larger with each round. This helps to show how the gains from trade are limited by the extent of the market. The more people you can trade with the better. I used this variation in the 6th grade classes I did last year. I also do a little follow-up by asking them if they have ever traded with anyone in Vietnam. Most say no. Then I ask them to check the label on each others’ shirts and we list the countries on the board. Today’s class of 17 ended up with 12 different countries! Luckily Vietnam was one of them. Posted by Robert Lawson at 03:03 PM divisionoflabour.com

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