We watched the first half of an economic rant by Max Keiser at RT: http://www.youtube.com/watch?v=cTdLgtzD9eU
After the break we simulated Fractional Reserve Banking through a game of musical chairs. First we had enough chairs for each student, which after a few rounds the students weren't exactly in a "panic" to sit down. But then we decided to switch to a fractional reserve system where each chair represented 10 students, so yes, we only had two chairs. When the music stopped, talk about PANIC! Not only were there many losers, but there were many crashes as well.
The students received a grade report that should be signed by a parent or guardian.
