A two-round in-class trading game on the principle of comparative advantage and the theory of reciprocal demand
This paper outlines a classroom trading game that explores equilibrium terms of trade using the principle of comparative advantage and theory of reciprocal demand. Students are divided into eight groups. Each group is assigned a country with hypothetical productivity and each country seeks its tradi...
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2019
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/2211 https://ink.library.smu.edu.sg/context/soe_research/article/3210/viewcontent/A_two_round_in_class_trading_game_on_the_principle_of_comparative.pdf |
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| Institution: | Singapore Management University |
| Language: | English |