Monopoly

ObjectiveTo teach children basic financial terms/skills and money management skills, i.e. buying, selling, loans
Description Monopoly

In this game players move their pieces around the board buying property, improving their properties to get more rent, paying taxes, making deals and collecting money when they pass go.

Steps:

1. Purchase or borrow Monopoly. This game can be found in game stores, toy stores, online and frequently in garage sales.

2. Read the instructions then set up the Monopoly game board.

3. Choose your pieces, choose someone to be the banker, and get the banker to give money to each player. 

4. Play the game.

Make Play More Interesting:

Monopoly on its own is a very entertaining game but use the following variations to make it even more interesting.

1. Get Creative With Deals: You may need a property that someone else has. You may want to put a house/hotel on a property but you can't afford it. Often you can get what you need by negotiating a deal with another player. Example deals include but are not limited to:

  • Selling a property to another player for more than you paid for it.
  • Telling your partner that they will not have to pay rent if they land on that property.
  • Offering them part of the rent when someone else lands on the property.

 

2. Consider Partnerships: Sometimes it is beneficial to work with someone else in order to take the advantage away from another player. Make sure you clearly outline the terms of your partnership and that you both know when the partnership will end. For example, you could share all of the rent from your combined properties for three turns. 

3. Keep 'Em Paying: If someone is in the unfortunate position of not being able to pay the rent on one of your properties, you may want to let them continue play and pay you out over several turns. For example every time they pass go you get $100 out of their $200 until the debt is paid. This creates a nice little passive income for you which will help you to inflict more damage on other players.


Monopoly is ideal for children ages 8 and up. For more information see the following Monopoly.

 

Complete When

Mark this activity as complete when you have played Monopoly at least once, you understand the rules and understand the major financial and business principles in the game.

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This activity is included in the following:

Attachments
Prerequisites Monopoly Jr.
Average Rating
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Age Range 8    9    10    11    12    13    14    15    16    17    18   
Activity Type Game
Tags Logical-Mathematical Intelligence  Money  Banking  Counting 
CreatedCassandraCassandra
Last ModifiedRobRob

References

Reference Reference Note  
Hasbro Monopoly Games

Questions or Comments

  1. MarkMark says:

    Monoply is a great game in general but I've never looked at it in terms of financial management before. It's a great educational tool, not just an enjoyable game.

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