Instructions for In the Chips Activity
Buyers
1.
The goal
for both buyers and sellers in this activity is to make a profit.
2.
Each
buyer will have only one buyer card at a time.
It will say,
You are authorized to buy a box of computer chips. Pay as little as possible. If you pay more than ________ per box, you
will lose money.
3.
Do
not reveal the price
that is on your card!
4.
When the
round starts, try to buy at the lowest price you can. However, you may buy at a price
higher than that on your buyer card in order to obtain chips. As soon as you have bought chips, record the
transaction on your score sheet. Then,
turn in the buyer card you have and get another buyer card from the buyer
pile. If you have bought no chips
during a round, the entire amount on your card should be considered a loss. Once the round is over all players must turn
in their cards and select new ones for the start of the second round.
5.
When the
teacher says “Start”, sellers and buyers are free to move around the room and
to make transactions with one another.
Any seller may talk with any buyer.
6.
Both
buyers and sellers are free to make as many transactions as they want in a
round. For tallying purposes, please
make all transactions in ten cent increments.
Remember to trade in your card after each transaction.
7.
During
the game, keep track of your progress on the student score sheet. Compute your
gains and losses by taking the difference between the price on your buyer or
seller card and the price of the transaction.
8.
Buyers make a profit if you buy at a
price lower than the price shown on the card. If you buy at a higher price, you suffer a loss.
Sellers
You are authorized to sell a box of computer chips for as much as
possible. If you accept less than
________ per box, you will lose money.