Simulations in Principles (General)

Joakim Persson, Karlstad University

The Trade Ruler Game illustrates the working of Heckscher-Ohlin trade theory by allowing players to take charge of an island with specified labour and capital endowments, and trade their way to greater prosperity. For ages 14+, lasts around 15 minutes. Requires the Flash plug-in. Part of the Nobelprize.org site, based on the work of Bertil Ohlin, awarded the Prize in Economics in 1977, who showed that countries engage in and benefit from trade if their production resources differ from each other

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Economist.com

A fun game from the Christmas 2008 edition of The Economist, Credit Crunch: the board game provides players with 500m "econos" each and one player doubles as banker. The aim is to be the last solvent player. In order to achieve this, players try to eliminate the competition. Risk cards encourage players to pick on each other. It tackles economic topics such as bankruptcy, takeovers, quantitative easing and risk. Organisers will need to download and print off the PDF gaming board, risk cards and pieces, as well as providing four coins to act as dice.

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Henry B. Tippie College of Business

Iowa Electronic Markets (IEM) is an online futures market where contract payoffs are based on real-world events such as political outcomes (including the US Presidential election), companies' earnings per share (EPS), and stock price returns. It is run as a non-profit educational and research project by faculty at University of Iowa, Henry B. Tippie College of Business. Most of the markets use real money, although there is a free practice market. The site includes instructor resources, research papers based on their experience and a trader's manual.

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Kim Sosin, University of Nebraska at Omaha

Exploring Supply and Demand provides graphical representations of changes in supply and demand. This page uses Javascript and frames to give feedback to six questions on supply and demand (if and how price and quantity change in different situations).

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Study skills for Economics students

Our site Studying Economics has tips including writing and referencing, revision, and help with maths.

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