# Examples

Results 11 - 20 of **31 matches**

Ricardian Explorer part of Pedagogy in Action:Library:Teaching with Simulations:Examples

Ricardian Explorer, implemented on the internet, simulates a Ricardian trade model with linear production technology and a CES utility function. The typical simulation has two countries and two goods. While ...

MarketSim part of Pedagogy in Action:Library:Teaching with Simulations:Examples

MarketSim helps students understand the functioning of markets by having them become consumers and producers in a simulated economy. There are two versions, both implemented over the internet. Jeremy's market ...

Sports Franchise Simulation part of Pedagogy in Action:Library:Teaching with Simulations:Examples

A Sports Franchise Simulation, modeled after the card game War, lets students run their own sports franchise. While the goal of the simulation is to teach students several microeconomics concepts taught in a ...

General Equilibrium Simulation for Microeconomics part of Pedagogy in Action:Library:Teaching with Simulations:Examples

Teaching general equilibrium analysis to students is challenging. General equilibrium models are typically accessible to only a small handful of mathematically well prepared students. Yet the growing significance ...

Specialization and Division of Labor part of Pedagogy in Action:Library:Teaching with Simulations:Examples

This example engages students in a simple simulation of specialization and division of labor. All that is needed are staplers and some paper.

Dynamic Integrated Climate Change Model (DICE) part of Pedagogy in Action:Library:Teaching with Simulations:Examples

The Dynamic Integrated Climate Change (DICE) model assumes a single world producer must chose levels for three simultaneously determined variables: current consumption, investment, and greenhouse gases reduction. ...

Iterated Prisoner's Dilemma part of Pedagogy in Action:Library:Teaching with Simulations:Examples

A lab exercise using a Netlogo simulation to explore alternative strategies in an iterated prisoner's dilemma mode.

Using Excel Spreadsheets to Explore Profit Maximization part of Pedagogy in Action:Library:Teaching with Simulations:Examples

This exercise uses a simple Excel spreadsheet to explore the concept of profit-maximization for a perfectly competitive firm.

Using Jeremy's Market in MarketSim to understand utility maximization part of Pedagogy in Action:Library:Teaching with Simulations:Examples

Jeremy's Market in MarketSim makes students responsible for a household. Students make production and consumption decision to try to maximize household utility.

Basic Monte Carlo Simulation for Beginning Econometrics part of Pedagogy in Action:Library:Teaching with Simulations:Examples

Beginning econometrics students often have an uneven preparation in statistics. The simulation gives students a clearer understanding of the behavior of OLS estimators.