Using Playing Cards to Introduce
Trade in Principles of Economics
Richard Baker
Chris Smith
Scoring – One Possibility
1. Single Card
Number Card =
Face Value
Face Cards:
J=15
Q=15
K=15
A=20
Jokers = Wild
Card
1
2. Pair
3. 3 of a kind
Double point
total for
original 2
cards.
2
Triple point
total for
original 3
cards.
3
3. 4 of a kind
4 x point total
for original 4
cards.
4
4. 5 of a kind
5 x point total
for original 5
cards
5
Scoring Examples
102
154
41
Let’s Play
Choose Teams
• Minimum 2
• Maximum 6
Economic Systems
Round 1
Command
Students
assigned
cards –
cannot trade
Round 2
Closed
Students can
trade within
country
Round 3
Open
Students can
trade
anywhere
Score Sheet
Wolfland
Republic of
Spades
Skyland
Lolapooza
Latveria
Narnia
Round 1 (Command)
Team
GDP
Members
Per Capita
204
4
51.00
256
271
96
220
198
4
3
2
3
5
64.00
90.33
48.00
73.33
39.60
Score Sheet
Wolfland
Republic
of Spades
Skyland
Lolapooza
Latveria
Narnia
Round 2 (Closed)
Growth Members
GDP
Per Capita Growth
%
Growing
245
61.25
41
20.10%
3
365
470
116
300
248
91.25
156.67
58
100
49.6
109
199
20
80
50
42.58%
73.43%
20.83%
36.36%
25.25%
3
2
2
2
5
Score Sheet
Wolfland
Republic
of Spades
Skyland
Lolapooza
Latveria
Narnia
Round 3 (Open)
Growth Members
GDP
Per Capita Growth
%
Growing
296
74
51
20.82%
3
650
526
172
420
576
162.5
175.33
86
140
115.2
285
56
56
120
328
78.08%
11.91%
48.28%
40.00%
132.26%
2
2
2
3
2
1
Economic Systems
2
Specialization
3
National Income Accounting
4
Nominal/Per Capita Measures
5
Importance of Economic Growth
6
Incentives
7
International Trade
8
Inequality
9
Rule of 72
10
Ethnocentricity
11
Coordination problems
Other Concepts
1
Create Supply/Demand Curves
2
Producer/Consumer Surplus
3
Resource Markets
4
Production Possibilities
5
Consumer Choice/Budgets
6
Opportunity Costs
Presenters
Richard T. Baker, III CPA, MBA
Business Division Chair
Copiah-Lincoln Community College
PO Box 649
Wesson, MS 39191
Richard.Baker@Colin.edu
601-643-8406
Christopher Smith, MBA
Instructor
Mississippi College
200 S. Capitol Street
Clinton, MS 39058
CSmith@MC.edu
601-925-3214