Economics trading game
There will probably be a flurry of activity as students rush to make shapes with their remaining paper and bring those shapes to the commodity trader. It is up to you to decide whether you should ignore the problem, thereby encouraging countries to do their own policing, or whether economics trading game should impose a punishment, such as suspending them from economics trading game shapes for 5 minutes, confiscating certain materials or fining them. As the game progresses, paper will rapidly run out. It is important for the students to work out what they should do.
The answers to the other two questions can be gathered quickly so that the groups can easily compare their experience with that of other groups. Use the observers to report back to you on what is going on. Find out which shapes are being sold in large quantities probably the triangles and rectangles and which are hardly being sold at all probably the circles and the protractor-sized semi-circles.
The development of new technology can be simulated by giving about 8 coloured small economics trading game shapes to one of the low-income countries, without indicating the possible use of those shapes. It is easiest for loans not to be repaid, but at the end of the game, when money is totalled, the trader will simply announce how much has to be deducted outstanding loan plus interest from each team. If circles go up in price, this will affect economics trading game demand for compasses.
Group working and interacting with others are among the most significant. I have amended it to be suitable for students beginning a course in economics, economic development or international trade, although it could be used with students studying related subjects. Economics trading game are five or six countries in a game.
It is easiest for loans not to be repaid, but at the end of the game, when money is totalled, the trader economics trading game simply announce how much has to be deducted outstanding loan plus economics trading game from each team. Update January We are grateful to Giampiero M. The objective for each country is to make as much money as possible. In stage 3, when the focus is on economic ideas and evidence, it can be useful to have a small piece of evidence for each group to consider before returning to the whole-group discussion.
First, you may give some to one or both of economics trading game low-income countries. When the game ends, the game leader should ask all the students to return to their countries and to answer three questions:. The game can be prolonged by introducing more paper simulating the discovery of new raw materials.
You will need to keep in regular contact with the trader. EmailTwitterLinkedInFacebookmore. The two issues are:. Did the groups economics trading game started with the same resources perform in a similar way?