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Market and price formation

Economic experiment

Market and price formation

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Updated on 29.09.2025

Latest change:

29.09.2025

Worksheet 2b removed

Entire change history

Overview

Pitgame focuses on experiencing and understanding the market mechanism and price formation in a playful way.

  • The game is based on an interactive presentation.
  • It is played with the whole class (minimum of 12 students).
  • The level of instruction can be adapted to suit the level of the class.
  • A projector is required to play the game in the classroom.

Didactics

Commentary for teachers

Overview of the unit and information on learning goals, didactic approach and economic background as well as notes on a possible lesson plan.

Economic experiment

Interactive presentation

Cockpit for teachers

Interactive presentation to support the teacher in the preparation, implementation and evaluation of the Pitgame. Technical requirements are an internet connection and an up-to-date browser (Chrome, Edge, Firefox, Safari).

Before you start the game, you have to select a commodity. After doing so, you can print the playing cards. If the commodity and number of players remain the same, the playing cards can be reused.

‘Introduction to Pitgame’ slides

Download
Set of slides as an introduction to Pitgame.

Worksheet

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Worksheet 1

Exercises to evaluate the game. Suitable for all school types.

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Worksheet 2

Exercises for near transfer. Suitable for all school types.

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Sample answers Worksheet 1

Download

Sample answers Worksheet 2

Download

Video tutorials MobLab Online games and simulations

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

Extras

Intro text

Short, colloquial text on key terms relating to markets and price formation. A summary at the end concisely outlines the core knowledge.

Additional information

Links

Videos

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Do you teach economics at upper secondary school level or are you training to be a teacher? Secure your access to exclusive content and additional functions now.
How does the stockmarket work? (en)

Credits – Market and price formation

Concept:
Iconomix, based on Chamberlin, E. H. (1948). An experimental imperfect market. Journal of political economy, 56(2), 95-108.

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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