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Economics Games
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Multiplayer Online Classroom Games for Teaching Economics.
Multiplayer Online Classroom Games for Teaching Economics.

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This summer, the complete monoplayer version of the Carbon Game (on which the final of the 2017 tournament was partly based) will be playable on the site until the end of August. Click on the button in the blue well at page: https://lud.io/

The companion document can be downloaded here: https://lud.io/resources/site/manual/carbon-game-manual.pdf
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We just made a video for instructors, with further information about the model of demand of the Airline Game (https://economics-games.com/industrial-organization).
https://www.youtube.com/watch?v=8DObrioRszI
(ze video is maybe not polished enough to give directly to your students, though) #teachecon #econed #busedu
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We are launching a new (free) Inter-University Student Tournament, based on an Industrial Organization simulation (close to those that are described here: https://lud.io).

Last year, HEC Montréal won the tournament, Toulouse School of Economics was second and Cardiff Metropolitan University completed the podium (all finalists and ranking). Will you follow them?

The qualification phase consists in playing a few years of a mono-player simulation, between October the 22nd and November the 22nd, 2018 (vs robots behaving like humans did, in previous experiments) . You can play when you want, at your own pace. The 12 best teams will be qualified for the finals (and scores will be reset).

The finals will be played between November the 26th and December the 1st, 2018: Players will have to enter one decision every day, before 21h CET.

Both phases are played online.

The winning team will be awarded a voucher around 300€ as a first prize (on amazon or a similar site).

Students can participate on their own, with no need for support from their instructors: The game will require some strategic thinking but there is no prerequisite in economics.
This should be fun, so join the tournament!

One team (2-4 players) from any university or school is welcome to participate. To register, send us a message (deadline for registration: Monday, November the 19th. In some universities, registrations are directly managed by professors: If you are not sure, contact us and we will tell you).

You can also register to the facebook event, to stay informed: https://www.facebook.com/events/344492182742496
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If you are an instructor running the market game with quotas, taxes... (rules : https://economics-games.com/resources/site/manual/environmental-economics-games.pdf), you may find it easier to start by inviting your students to play the simulation as a monopoly, before introducing competition.

This is now possible with one click in the mono-player simulation section ("Play as a monopoly" button, third simulation).
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We are currently working on the Beer Game, by John Sterman (http://web.mit.edu/jsterman/www/SDG/beergame.html).
If you have feedbacks/suggestions, or want to beta-test the game in your classroom, contact us!
#econded #teachEcon #busedu #SupplyChain
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Next week, we will add "A Classroom Inflation Uncertainty Experiment" by Denise Hazlett (IREE 2008)

https://www.sciencedirect.com/science/article/pii/S1477388015300955/pdf?md5=f5549d5ee9a61a8c15153f7626274c77&pid=1-s2.0-S1477388015300955-main.pdf

Abstract:

"This classroom experiment uses a double oral auction credit market to demonstrate how inflation uncertainty causes a wealth transfer between borrowers and lenders.

The experiment also shows the social cost of inflation uncertainty when borrowers and lenders cannot agree on a nominal interest rate that compensates each for their risk. In this case, the credit market fails to allocate funds to the highest-valued investment projects.

The experiment provides hands-on experience with the effects of anticipated and unanticipated inflation, giving students a common background for a discussion of the economic costs of inflation.

It can be used in principles, intermediate macroeconomics, money and banking, or financial economics courses, with 8–60 students. It takes approximately 50 minutes to run and requires no computers."
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Next week, we will add a new game, based on a research experiment, with a simple principal-agent model: "Contracting under Incomplete Information
and Social Preferences: An Experimental Study"
(Hoppe & Schmitz, RES 2013 http://www.restud.com/wp-content/uploads/2013/02/MS13777manuscript.pdf)
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We have just added a Trading Pit Market Experiment, a la Vernon Smith, including price ceilings and price floors, and unit taxes (last in the list: https://economics-games.com/games?opentab=io).
based on this document (https://economics-games.com/resources/site/doc/Market_Experiment.pdf), written by A. Cabrales for the coreecon manual (http://www.core-econ.org)
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New games and simulations for the coming weeks:

http://mailchi.mp/1f2d2f275992/new-games
New Games
New Games
mailchi.mp
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... and the Winner of the Tournament is ... HEC Montréal !! Congratulations!
Toulouse School of Economics - TSE​, who was 1st from Year 2 to Year 4, ends the game at the 2nd place.
Cardiff Metropolitan University also stands on the podium with a great 3rd place!

Here is the complete ranking of the Final:
1 - HEC Montréal
2 - Toulouse School of Economics - TSE
3 - Cardiff Metropolitan University
4 - CentraleSupélec​
5 - Universidad de Málaga
6 - Ecole Centrale de Marseille
7 - Ecole Nationale Polytechnique d'Alger
8 - University of Glasgow
9 - IMT Atlantique
10 - Athens University of Economics and Business
11 - Aston University

École nationale de la statistique et de l'administration économique​ was also qualified to the finals.

Congratulations to you all, this was a tough competition!

Among the 31 teams, from 14 countries, who registered, 24 finished the qualification game and 12 qualified to the Final.
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