Spice Price teaches how voluntary exchange creates wealth through a play with Columbus and Vasco de Gama

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Key Lessons

• Every choice has a cost
• Voluntary exchange benefits the traders
• Prices are determined by supply and demand

Benefits

• Students learn why the European maritime explorers took tremendous risks to reach the East
• Students recognize the significance of economics in understanding the human experience

From the teacher

“My students relish the opportunity to get out of their desks, interact and play. They get the connections, because economics is driven by human choices, just like the activities in which they participate.”