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Market and price formation

Pitgame

Market and price formation

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Updated on 10.07.2023

Latest change:

10.07.2023

Revision of commentary for teachers and reorganisation of worksheets.

Entire change history

Overview

This unit covers basic topics such as the formation of market prices, equilibrium, supply and demand, and market efficiency.

  • The group game ‘Pitgame’ is based on an interactive presentation.
  • The game is played with the whole class (minimum of 12 students).
  • The associated teaching resources can be adapted to suit the level of the class.
  • A computer with internet access is required, as well as a projector.

Educational game

Interactive presentation

Cockpit for teachers

Before you start the game, you can select a commodity and print the playing cards. If the commodity and number of players remains the same, the playing cards can be reused.

Worksheet

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Worksheet 1

key questions for game evaluation, all types of school

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Worksheet 2A

near transfer, all types of school

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Worksheet 2B

far transfer, optional supplement for GYM/BM

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Sample answers Worksheet 2B

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Sample answers Worksheet 1

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Sample answers Worksheet 2A

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Video tutorials MobLab Online games and simulations

How to work with MobLab
MobLab Online simulation «Competitive Market Game / Market without tax»

Extras

Additional information

Links

Videos

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How does the stockmarket work? (en)

Credits – Market and price formation

Concept:
Iconomix

Programming of web application:
Ergon Informatik AG, Zurich

Consultants:
Prof. Dr. Yvan Lengwiler, University of Basel; Dr. Rina Rosenblatt-Wisch, SNB

Educational consulting:
Prof. Dr. Dieter Euler, University of St. Gallen; Michèle Collenberg, University of St. Gallen

Translation & proofreading:
SNB Language Services

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