Schweizerische Nationalbank
Edit mode active
Market and price formation
Revised

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.

0 Comments 458 Page hits
Other languages
German, French, Italian
Prior knowledge of teacher
Training recommended
Lesson duration
1–4 lessons
Updated
30.05.2018

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

Latest change
30.05.2018: Four new worksheets in place of the knowledge sheet and advanced questions.

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, 76 KB)
Unit information

Documents

‘Introduction to Pitgame’ slides
‘Introduction to Pitgame’ slides
     
Knowledge sheet
Knowledge sheet
     
Worksheet 1

simple, based closely on game, game evaluation for all types of school

Worksheet 1

simple, based closely on game, game evaluation for all types of school

     
Worksheet 2

difficult, based closely on game, GYM/BM

Worksheet 2

difficult, based closely on game, GYM/BM

     
Worksheet 3A

simple, based on topic, transfer questions ABU/DH/KV

Worksheet 3A

simple, based on topic, transfer questions ABU/DH/KV

     
Worksheet 3B

difficult, based on topic, transfer questions GYM/BM

Worksheet 3B

difficult, based on topic, transfer questions GYM/BM

     

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.

× Thank you for your comment. It is awaiting moderation.

Comments

Write comment (login required)

This page has not yet been commented on.

Write the first comment.