MarketSim for Economics / Edition 1

MarketSim for Economics / Edition 1

by Tod Porter, Kriss Schueller
     
 

ISBN-10: 032422205X

ISBN-13: 9780324222050

Pub. Date: 07/28/2004

Publisher: South-Western

MarketSim is made up of two simulations designed to help students better understand how markets work by taking on the roles of consumers and producers in a simulated economy. It allows students to participate in markets first hand by buying and selling labor and goods asynchronously via the Internet. As in the real world, the players themselves determine prices and

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Overview

MarketSim is made up of two simulations designed to help students better understand how markets work by taking on the roles of consumers and producers in a simulated economy. It allows students to participate in markets first hand by buying and selling labor and goods asynchronously via the Internet. As in the real world, the players themselves determine prices and production levels as they interact. As the simulation progresses, students will have the opportunity to observe how a market reaches equilibrium and how the independent behavior of buyers and sellers determines output and prices.

Product Details

ISBN-13:
9780324222050
Publisher:
South-Western
Publication date:
07/28/2004
Pages:
144
Product dimensions:
6.30(w) x 9.04(h) x 0.36(d)

Table of Contents

Introduction to MarketSim1
Minimum System Requirements & Site Access3
Jeremy's Market: A Barter Economy15
Introduction15
Overview, Strategy Tips & Program Structure16
Learning Activities & Exercises29
Adam's Market: A Monetary Economy59
Introduction59
Overview, Strategy Tips & Program Structure60
A Detailed Look at an Adam's Market Game70
Learning Activities & Exercises101

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