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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...

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Published in:Southern Economic Journal Vol. 77; no. 2; pp. 501 - 514
Main Author: Johnson, Paul
Format: Article
Published: Wiley-Blackwell Oct2010
Subjects:
International economic integration
Economic equilibrium
College teachers
Economic research
Foreign exchange rates
Monetary policy
Electronic spreadsheets
Online Access:View this record in EBSCOhost
Summary: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.