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Swiss National Bank

Market and price formation I

The topic of this module is the formation of prices, on markets in general and on well-organised and transparent markets in particular. Students experience at first hand how markets function, by means of a strategy game in which they play traders on a commodities exchange.

 

Pitgame 1

Start Pitgame 1

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In the cockpit, you can generate a new game and run Pitgame 1.

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Updated

21. October 2009

Level

Intermediate

Keywords
Commodities exchange, Competition, Consumer profit, Demand, Efficient allocation, Equilibrium, Equilibrium price, Market economy, Market efficiency, Market price, Markets, Perfect competition, Price formation, Producer profit, Production costs, Stock exchange, Supply, Trading profits, Willingness to pay
 

Commentary for teachers

Module information


Documents

  • Worksheet 1(64 KB)http://www.iconomix.ch/fileadmin/docs/module/en/m03a_worksheet1.pdf
  • Worksheet 2(90 KB)http://www.iconomix.ch/fileadmin/docs/module/en/m03a_worksheet2.pdf
  • Knowledge sheet(103 KB)http://www.iconomix.ch/fileadmin/docs/module/en/m03a_knowledge_sheet.pdf
  • Knowledge test(87 KB)http://www.iconomix.ch/fileadmin/docs/module/en/m03a_knowledge_test.pdf
  • Advanced question(48 KB)http://www.iconomix.ch/fileadmin/docs/module/en/m03a_advanced_question.pdf
  • Sample answers(187 KB)http://www.iconomix.ch/fileadmin/docs/module/en/m03a_sample_answers.pdf

Order documents

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Please enter your e-mail address in the field below. You will immediately receive a ZIP file containing all the PDF documents of the module. To open the archive, simply double-click on the ZIP file.

Additional information

  • Background text for Pitgame 1(116 KB)http://www.iconomix.ch/fileadmin/docs/module/en/m03a_background_text.pdf
    This short text from Yvan Lengwiler provides some background information on Pitgame 1.

Enter the iconomix award

  • Challenge questionhttp://www.iconomix.ch/en/award/category-1/challenge-questions/m03a-market-and-price-formation/

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Credits for «Market and price formation I» module

  • Project management and concept
    Authors and consultants
    • Yvan Lengwiler, University of Basel (author of module)
    • Michael Manzhttp://www.iconomix.ch/javascript:linkTo_UnCryptMailto('nbjmup+Njdibfm/NboaAtoc/di');, BNS
    • Manuel Wältihttp://www.iconomix.ch/javascript:linkTo_UnCryptMailto('nbjmup+Nbovfm/XbfmujAtoc/di');, BNS
    • Rina Rosenblatt, SNB (review of content)
    Educational consulting
    Module integration
  • Assistance in concept development and coordination of web application
    Design of web application
    Programming of web application
    Testing of web application
    Design of printed material
    Translation
    • Cliona Coyne, SNB
    • Martina von Arx, SNB
    • Alison Spurway, SNB
  • Heads of educational support team
    • Thomas Brönnimann, IUFFP
    • Jean-Marc Huguenin, WBZ-CPS
    Trial runs in class (pre-testing)
    • Felix Furtwängler, GYM de Beaulieu Lausanne
    • Jean-Christophe Gindrat, ESC Saint-Imier
    • Ulrich Illigen, KBZ St. Gallen
    • Thomas Leu, KV Business School Zurich
    • Ernst Meier, BZI Interlaken
    • Laurent Rérat, EPC de Delémont

Key

Commentary for teachers

The commentary for teachers provides an overview of the module.

The first page summarises the most important information (topic, content, learning objectives, etc.).

An outline of how to work with the module is presented in chapter 2.

Chapter 3 recommends additional literature on the topic.

Documents

Each module includes a set of documents which serve as teaching material and are listed on the module’s website.

Challenge question

Every iconomix module includes a challenge question. These questions provide the ideal starting point for a short essay that can be entered in the iconomix award (category 1).

Sample answers

The document with the sample answers contains all solutions for the module.

Demos

Some modules have a demo version which illustrates how the module can be used in lessons.

Comments

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