MarketSim for Economics

Written by Tod Porter at Youngstown State University, this microeconomic online simulation helps students better understand how markets work by assuming the roles of consumers and producers in a simulated economy. By "making" and "accepting" offers to buy and sell labor and goods asynchronously via the Internet, students gain an understanding of such topics as opportunity costs, price determination, and much more, while instructors are provided with a flexible teaching tool that can be...
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Written by Tod Porter at Youngstown State University, this microeconomic online simulation helps students better understand how markets work by assuming the roles of consumers and producers in a simulated economy. By "making" and "accepting" offers to buy and sell labor and goods asynchronously via the Internet, students gain an understanding of such topics as opportunity costs, price determination, and much more, while instructors are provided with a flexible teaching tool that can be used to motivate students to better understand a wide variety of microeconomic concepts.