Show Me The Money!
My colleague, Lola Blatch, has put together a great lesson on the economy – it’s particularly timely with the Budget due to be announced on March 21. It’s a three stage simulation game/discussion (if that makes any sense!). Each stage starts with a video like the one above.
Stage 1: The Chancellor (you!) has £50 billion to spend. Students are divided into Government departments and must decide how much of this £50 billion their department deserves. They then have to convince you the Chancellor that they merit this amount.
Stage 2: Due to drastic cuts, the Government must claw back £20 billion of the £50 billion it just allocated. Each department must now decide where the cuts should be made, and which departments should suffer the greatest cuts.
Stage 3: Riots have broken out due to the cuts. The Government desperately needs to raise more money to pay for the damage caused by the riots and bolster services hit by the cuts. How should this be done – through a rise in Income tax, VAT or by co-opting charities or private businesses to run some public services?
I have attached some of the resources we have used for this, so feel free to download and adapt them for your own use.