Regular reader and good friend Dr. Mark sent a link to this story from National Public Radio.
The short story explains how Monopoly can be a mechanism for discussing all kinds of economic concepts and theories. Featuring a game between fellow-blogger Russ Roberts of George Mason University and Dan Hammermesh of University of Texas at Austin, the story ranges from choice theory to the formation of derivatives.
I have a colleague and friend who uses Monopoly in his AP classroom, including a no rules version. What better way to discover the value of institutions in an economic system?
Please share your thoughts and ideas. (And thanks again, Dr. Mark.)