The Trading Game - Buyer
You are operating as a market trader, and have been chosen to represent the interests of buyers within the
market place for Product X. During the trading game you will be expected to trade on behalf of buyers over
a number of trading rounds. The trader that earns the most trading commission will win a small prize.
How the Game Works
1. Each round you will be issued with a card. You must keep the information presented on this card
secret. The information provided will be the maximum price the buyer is prepared to pay for
Product X.
2. When the trading manager(s) ask you to do so, you should enter the “trading pit” and try and find
sellers that are prepared to trade with you. You must find a seller who is willing to supply you for
less than your maximum price. The lower the price you achieve the more trading commission you
will earn.
3. When a price has been agreed, you must shake hands to signify the deal, and write the agreed price
on the white board.
4. You must now return to your seat and fill in your trading details in the table below.
Trading Records
Trading Round
Maximum price the
buyer will pay
(Price on Card)
Transaction Price
1 -Free market
2 - Free market
3 - Market with externality
4 - Market with externality
5 - Market + tax on supplier = ……….
6 - Market + tax on supplier = ……….
7 - Market with regulation
8 - Market with regulation
9 - Tradable permits
TOTAL TRADING COMMISSION
Trading
Commission
The Trading Game - Seller
You are operating as a market trader, and have been chosen to represent the interests of sellers within the
market place for Product X. During the trading game you will be expected to trade on behalf of sellers over
a number of trading rounds. The trader that earns the most trading commission will win a small prize.
How the Game Works
1. Each round you will be issued with a card. You must keep the information presented on this card
secret. The information provided will be the minimum price the seller is prepared to supply Product
X.
2. When the trading manager(s) ask you to do so, you should enter the “trading pit” and try and find
buyers that are prepared to trade with you. You must find a buyer who is willing to buy from you
for more than your minimum price. The higher the price you achieve the more trading commission
you will earn.
3. When a price has been agreed, you must shake hands to signify the deal, and write the agreed price
on the white board.
4. You must now return to your seat and fill in your trading details in the table below.
Trading Records
Trading Round
Minimum price the
seller will accept
(Price on Card)
Transaction Price
1 -Free market
2 - Free market
3 - Market with externality
4 - Market with externality
5 - Market + tax on supplier = ……….
6 - Market + tax on supplier = ……….
7 - Market with regulation
8 - Market with regulation
9 - Tradable permits
TOTAL TRADING COMMISSION
Trading
Commission