Each of WISE Youth's club activities aims to teach students about economics/personal finance by first guiding them through simulations which can then be translated to thorough group discussions about topics learned.
Below is a list of various resources and lessons that are available for WISE Youth clubs. It is recommended that each activity is followed by a member-led discussion among the whole club.
Teach fast case cracking, structured thinking, and frameworks for cases like those in DECA/FBLA.
Simulation Link: MIT Sloan Case Studies
https://mitsloan.mit.edu/teaching-resources-library/entrepreneurship-case-studies
Use:
Cases provided by the MIT Sloan School of Management.
Wide variety of case studies for members to work on together and present.
Works for those interested in marketing, entrepreneurship, management, or sustainability.
Teach members about the various investment options available to them, their different risks and returns, and how life events can change plans.
Simulation Link: STAX Game
Use:
20 years of simulated earning and investing.
Warn students about day-trading and discuss the safety of index funds.
Allows students to learn to deal with losses and teach them of the stability of index funds and CDs.
Help members understand what causes poverty, what not to do in financially insecure situations, and how to navigate through life amidst constant bills and expenses.
Simulation Link: SPENT Game
https://playspent.org/html/
Use:
Teach students about how to avoid debt cycles and bad loans.
Students pretend to be a worker with limited mobility and must learn that they must make sacrifices.
Learn about the disadvantages of being "unbanked" or "underbanked."
Help members understand supply/demand, market shifts, price changes, elasticity, and how to analyze market scenarios
Simulation Link: STADR - market simulator
https://stradr.com/onboarding
Use:
Students play as buyers/sellers in a digital marketplace.
Students invest fake money in the stock market and aim to increase their portfolio the highest.
Prices update in real time.
Encourage members to have discussions about future goals and aspirations, link today's choices to future opportunities, and learn to prioritize.
Simulation Link: Claim Your Future
https://www.claimyourfuture.org/
Use:
Students are first matched with a career that best represents their priorities.
Members make choices that affect their financial stability and depend on their career.
Teach the benefits of saving and the impact of long-term debt.
Create greater understanding of the tradeoffs of gig income, and how instability within these jobs can invade personal life.
Simulation Link: The Uber Game
https://ig.ft.com/uber-game/
Use:
Students are given an urgent financial need that they will need to earn money to resolve.
During the simulation, participants try to save money to pay their bills on top of the urgent situation.
Teach members about the dangers of the gig economy/the risks that independent workers take on.