Tuesday, August 10, 2010
Rags to Riches
Rags to Riches is an economics game that has students working to make their band a success. Students play the part of a new band going on tour with a few new songs. As they play the Rags to Riches game simulation, students must make decisions about what the band should do. They have to decide which cities are best for them to play in, what venues to play, how much money to spend on publicity and how much to charge for tickets. Students start out with $100 and must make wise decisions to continue in the simulation. When they run out of money, the game ends and they must start again.
How to integrate Rags to Riches into the classroom: In this game, students are working to take their band to super star status. This is a great game for teaching students about business, economics, and money. This game is really best played in a setting where each student has access to their own computer.