Gaming is a great way to see economics concepts at play. Over the years anumber of games, as well as simulations, have been developed which help demonstrate some of the economic concepts we will be looking at throughout the year.
We will be using games as a way for you to apply the concepts we will be exploring. From there you will be able to see the implications of
Games I believe are worth making use of in class:
1- Settlers of Catan- Intro to Economics (Scarcity, Opportunity Cost) A fun way to hammer home the fundamental ideas of economics such as scarcity and opportunity cost and leads into the concepts of supply and demand.
2- Wall Street Survivor- MicroEconomics (Supply, Demand, Speculation, Elasticity, Government Intervention)
3- Virtual Economy- Macroeconomics (Fiscal and Monetary Policy, Economic Growth, Unemployment, Inflation, Deflation, etc.)
4- Sim City- Macroeconomics
5- Millennium Village- Development Economics ( Poverty Cycle, Microcredit, Interventionist Supply Side Policies, Common Access Resources)
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