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MarketSim: A Simulated Economy for Microeconomics

Author

Listed:
  • Tod S. Porter
  • Kriss Schueller
  • Teresa Riley
  • Rochelle Ruffer
  • Ebenge Usip

Abstract

MarketSim helps students understand microeconomic theory. They take the roles of consumers and producers in a simulated economy. Exchanges are made by posting and accepting offers at terms they choose. In the "Simultaneous Play" version, students must participate in a game at the same time. The simulations, designed for principles classes, can be used in intermediate theory.

Suggested Citation

  • Tod S. Porter & Kriss Schueller & Teresa Riley & Rochelle Ruffer & Ebenge Usip, 2006. "MarketSim: A Simulated Economy for Microeconomics," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(4), pages 483-483, October.
    • Handle: RePEc:taf:jeduce:v:37:y:2006:i:4:p:483-483
    DOI: 10.3200/JECE.37.4.483-483
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