What Should I Specialize In?

This task is for use in the context of a classroom Mini-Economy, in which students create their own businesses. Resources for starting this project can be found at www.vaminieconomy.org.

In this task, students conduct a simulation/experiment in which they compare two production processes. They hypothesize which will be more effective, and then analyze the results. Students then decide whether they should modify their Mini-Economy business’s production processes using the economic concept of specialization. They then create a diagram of their new production process.