Schweizerische Nationalbank
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Market and price formation

Market and price formation

‘Pitgame’

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.

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Other languages
German, French, Italian
Prior knowledge of teacher
Training recommended
Lesson duration
1–4 lessons
Updated
14.02.2017

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

Credits

Concept
iconomix

Consultants
Yvan Lengwiler, University of Basel
Rina Rosenblatt, SNB (review of content)

Programming of web application
Ergon Informatik AG, Zurich

Design of printed material
clearbrand gmbh, Zurich

Translation & proofreading
SNB Language Services

Commentary for teachers (PDF, 190 KB)
Unit information

Documents

‘Introduction to Pitgame’ presentation
‘Introduction to Pitgame’ presentation
     
Knowledge sheet
Knowledge sheet
     
Knowledge test
Knowledge test
     
Worksheet
Worksheet
     
Advanced question
Advanced question
     

Additional information

Background text on Pitgame

This short text from Yvan Lengwiler provides some background information on Pitgame.

Background text on Pitgame

This short text from Yvan Lengwiler provides some background information on Pitgame.

     

Pitgame

The playing cards stay the same for each product and the number of players. And they can also be reused. Please read the instructions in the commentary for teachers.

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