What is something in your where the price soars and then drops suddenly?
One time when prices soar very high and fall quite low is Christmas decorations. During the Christmas season, demand is high, and so are the prices. This continues until after the season when there is usually a massive sale on these items. My family buys our decorations around this time, as not many people want these, and the prices are low.
Wealth Protection
Compactia will ensure that its wealth is protected in the future by making sure that we have currencies of different types. We predict that soon, the World Bank will stop accepting Red Tulips, and accept another currency like AmpereCoin. We need to make sure that we can survive with money and not go bankrupt if one currency is abandoned. We also need to make sure that we have popular resources to sell to receive our chosen currency.
Why is it important for Compactia to have cool stuff, wealth, and to be “inclusive”?
It is extremely important for Compactia to have cool stuff and be inclusive because it ‘attracts’ more visitors, and creates a bigger sense of community. (It also means a higher score for our city). It is important for Compactia to be wealthy because it means we can buy more currencies (to sustain our wealth), more resources (to create cool stuff) and buy Bone Meal (fertiliser) for our tulips.
What have you enjoyed about this Inquiry?
I have enjoyed being able to learn about so many aspects of economics an a super fun way. I loved how we get to have fun learning and being creative at the same time. It involves lots of capabilities like collaboration, creativity and problem solving to ensure that your city runs smoothly. (It was also incredibly fun to play Minecraft every Friday!)
What have you found difficult or frustrating about the Inquiry? What changes would you make?
At the beginning, I found it hard to agree with my partner about how we should finalise our city plan. Along with many other miscommunication incidents, I think I learnt more about collaboration from these experiences. It was also incredibly frustrating when the world changed to Survival Mode, where we had to buy or find our own resources, farm food and make our own tools instead of having everything available to us in Creative Mode. Despite this, I still enjoyed it and learnt a lot, so there is nothing I would change (apart from the Wayne’s World War…).