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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

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.

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.
Cockpit for teachers

‘Introduction to Pitgame’ slides

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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

Intro text

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 – 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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