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Market and price formation

Pitgame

Market and price formation

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Updated on 08.12.2022

Latest change:

08.12.2022

Integration of the ‘Competitive Market Game’ by MobLab, including Videotutorials on how to use the MobLab online simulations.

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1–4 lessons
German, French, Italian
DH
KV
FVB
GYM
Action-oriented
In-depth study using teacher’s notes, video tutorials or training recommended.

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.

Didactics

Commentary for teachers

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Educational game

Pitgame

 Cockpit for teachers

The playing cards stay the same for each product and the number of players. And they can also be reused.
Cockpit for teachers

‘Introduction to Pitgame’ slides

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Worksheet

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Worksheet 1

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

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Worksheet 2

difficult, based closely on game, GYM/BM

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Worksheet 3A

simple, based on topic, transfer questions DH/KV

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Worksheet 3B

difficult, based on topic, transfer questions GYM/BM

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Sample answers

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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

Knowledge sheet

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Download

Additional information

Links

Price: The Language of Exchange

IMF. This more advanced article discusses how prices are formed under different scenarios.

www.imf.org

Videos

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How does the stockmarket work? (en)

Credits for this unit

Concept: Iconomix

Programming of web application: Ergon Informatik AG, Zurich

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

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

Design of printed material: clearbrand gmbh, Zurich

Translation & proofreading: SNB Language Services

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