When the Classroom Mimics Reality: A Simulation in International Trade and Relations
Brian J. Peterson
Manchester College - Department of Economics
Central College - Department of Economics, Accounting & Business Management
May 25, 2003
Students participate in an international trade simulation in which they are "born" into a country and must produce and sell goods to survive. Countries, ranging in economic power from the United States and Japan to Ethiopia and Somalia, are endowed with a level of raw materials commensurate with their national income, and must produce at a level sufficient to maintain both their population and environmental quality. As a result of this interaction, students discover that there is a reason why poor nations remain poor, and why international relations are so
problematic. Students also see firsthand the economic effects of the production process, such as the declining use of labor and increased use of capital in producing a country's output.
Number of Pages in PDF File: 14
JEL Classification: A2, F0Case and Teaching Paper Series
Date posted: September 15, 2003
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo2 in 0.391 seconds