Today, we learned to play the game of monopoly. Most of the girls have never heard of the game. One of our girls, Eh Hser, volunteered to be the banker. She has played the game before. In the first few rolls, everyone hesitated to make any purchases. They expressed their interest to save money. Once they noticed that buying meant making money in the long-run, they began buying properties left and right. In just a few minutes, our girls began strategies on how they can make money. While we had to stop short due to time, this experience allowed the girls to see how money is fluid and effects of making money on other players' fortunes.
The game was integrated into our lesson on banking and the income gap which we covered a few weeks ago. Before our game, we introduced a few examples of financial institutions in real life. In these examples, we discussed the differences between a regular savings account bank, a money market, a credit union, and certificate of deposit. In the middle of our game, we took a break to watching the following video on the income gap. Our girls was shocked to discover the amount of money that the top 1% of Americans make, especially comparative salaries between a CEO and that of an average company employee. We will return to Monopoly in a few weeks when we will introduce a handout on lessons we can learn from the game toward finance and investing. Stayed tuned for a video on our debrief over these strategies, their thoughts on what they learned, and the impacts of monopolies in real life.