Trading Game Experiment

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Trading Game Experiment
Due: 29th September for Dr Stimson
Objective
Method
Buyers
cards
Sellers
cards
Supply and
demand
schedules
How did the game work?
Price
Quantity demanded
Quantity Supplied
Mark on the supply and demand schedules the theoretical competitive equilibrium and quantity bought/sold
for this market.
Plot supply and demand curves from the schedule above. Identify the equilibrium price.
Results
ROUND
PRICE
PRICE
PRICE
PRICE
PRICE
PRICE
PRICE
PRICE
PRICE
AVERAGE
PRICE
1
2
3
4
5
On a separate sheet, complete the experiment write up by writing the following sections:

Discussion/Conclusions from the results (max 200 words): how did the equilibrium produced in
the game match up to the theoretical equilibrium?

Evaluation of the Experiment (max 400 words): Did the game represent a real world market?
How might the game be improved?
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