Specific Expectations
By the end of the program, students will:
Real Estate Concepts
F1.4 Use the game to teach children about property management, including collecting rent, maintaining properties, and making decisions to improve the properties.
Teacher supports:
- Employ the Monopoly Game as a practical tool to demonstrate property management principles, such as rent collection, maintenance, and strategic decision-making.
- Facilitate discussions on the importance of financial planning and making wise decisions in the context of property management.
Examples:
Property Management in the Monopoly Game:
- Rent Collection: Players experience the process of collecting rent from opponents who land on their properties.
- Maintenance: Discuss the importance of maintaining properties by investing in houses and hotels.
- Strategic Decision-Making: Encourage players to make informed decisions to improve property value and overall financial success.
Key concepts:
- Property management involves activities such as rent collection, maintenance, and strategic decision-making to enhance property value.
- Financial planning is crucial for making wise decisions related to property management and overall success in the real estate market.
Note:
Understanding property management is a fundamental aspect of the Monopoly Game program, where students apply these principles to optimize their real estate portfolios.
Sample tasks:
- In the Monopoly Game, guide students through the process of rent collection, property maintenance, and strategic decision-making. Discuss how these activities contribute to overall success in the game.
- Engage students in a discussion about the importance of financial planning in property management. Explore how wise decisions can positively impact the value and performance of their real estate assets.
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