iconomix

Swiss National Bank

Market and price formation

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.

Note: The market and price formation module will be replaced by a revised version at the end of September 2012.

[ f] [t] [@]

 

Pitgame

Important notice

Pitgame will be temporarily unavailable from the end of March 2012. A new version will be released at the end of September 2012.

 

Start Pitgame

Javascript, pop-ups and Flash must be enabled! Please check your settings: System checkhttp://www.iconomix.ch/en/service/support/system-check/.

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

If you wish to save a game (in order to print out the playing cards in advance, for instance), you first have to log inhttp://www.iconomix.ch/modules/account/en/login/. Please note the explanations in the cockpit or in the commentary for teachers.

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

http://www.iconomix.ch/fileadmin/docs/module/en/m03a_commentary.pdf

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

Order all documentsFor fast and easy service, we will send you all the documents via e-mail.
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(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.

User comments (0)Submit comment

Write a comment
Note: We are interested in an open discussion. However, we reserve the right to delete offensive comments. More information can be found in the guidelines for user comments.
Click on the image to generate a new code.
Information marked with an asterisk (*) is mandatory.

Credits for «Market and price formation» module

  • Concept
    Authors and consultants
    • Yvan Lengwiler, University of Basel (author of module)
    • Rina Rosenblatt, SNB (review of content)
    Educational consulting
  • 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
  • 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.

Documents

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

Sample answers

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

Additional information

Each module has a separate section on its web page providing additional information on the topic. This generally includes useful and relevant links to websites, videos, books, articles and so on. The list is updated on a regular basis.

Demos

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

Comments

Comments may be submitted for all modules.