Solution: Where does my parent's money come from?
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Kai Neumann (#1) has provided a description of the model with the iMODELER Presenter.
Description
A model explaining the basic logic of money flows
This model is part of a series of models that could serve as examples for small models on global challenges as they could be modeled by pupils. Of course, depending on their age and the time that is available as well as the help you offer they could come up with more details.
What is the model asking?
The model asks for the origin of the money in our pockets (using the KNOW WHY Questions from the KNOW WHY Method as they show up when we use the iMODELER). When we continue to ask where it comes from we will finally realize the closed loops the flow of money forms, even if we include the creation of (fiat) money by central banks.As a very basic model it is possible to model this topic with six years old children. Even a basic model should show that in order to be rich we still depend on others that need to have something to spend.
Time
When you plan to include pension fonds you should look at 50 years or so. Without that you may even choose just one year or two.Colors
green for measuresyellow for targets
red for problems
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