An International Economics Classroom Experiment.

This article describes a general equilibrium market experiment that allows students to generate goods prices, exchange rates, and trade flows by trading with each other. Instructors can set experiment parameters, and output data are automatically generated as a spreadsheet file. Exchange rate and cu...

Descripción completa

Detalles Bibliográficos
Publicado en:Southern Economic Journal Vol. 77; no. 2; pp. 501 - 514
Autor principal: Johnson, Paul
Formato: Artículo
Publicado: Wiley-Blackwell Oct2010
Materias:
Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:This article describes a general equilibrium market experiment that allows students to generate goods prices, exchange rates, and trade flows by trading with each other. Instructors can set experiment parameters, and output data are automatically generated as a spreadsheet file. Exchange rate and current account dynamics are the outcome of student production and trading decisions. The source code is available without restrictions on modification or use.