Ökonopoly

The teacher is guided through the course of the game of the respective experiment by means of a presentation. There are different variants and tasks for students of intermediate (middle school and high school), which can be selected depending on the application.

Economics.

1. The Market Experiment:

• Terms related to price setting in the market (supply and demand curve, equilibrium price and quantity etc.).
• Economic constraints and goals of suppliers and consumers.
• Price setting in a polypol.
• Convergence to a stable market equilibrium.
• Conditions for perfect competition.

2. Team Player or Free Rider:

• Problem of freeriding.

Impact of the group size on the problem of freeriding.

3. Exchange in an economy based on the division of labor:

• Advantages of the monetary economy over the barter economy.
• Specialization and decentralization support the monetary economy.

Realizing the basic function of money.

4. Matching Processes:

• Terms related to the labor market (opportunity costs, search costs, unemployment etc.).
• Functional mechanisms of the labor market.

Search behavior of different job seekers.

5. Trade between two nations:

Terms related to trade.

• Impacts of international labor division.
• The distinction between absolute and comparative costs.

The game box was developed together with teachers of the Saarland (Germany) and is freely available for schools in the Saarland.

Game-Box, USB-Stick, a folder with game instructions and lesson topics.

Ideally PC and projector (but not mandatory).