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Targeting Teaching: An International Economics Classroom Experiment
Author(s) -
Johnson Paul
Publication year - 2010
Publication title -
southern economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.762
H-Index - 58
eISSN - 2325-8012
pISSN - 0038-4038
DOI - 10.4284/sej.2010.77.2.501
Subject(s) - outcome (game theory) , set (abstract data type) , exchange rate , production (economics) , code (set theory) , economics , computer science , microeconomics , econometrics , macroeconomics , programming language
This article describes a general equilibrium market experiment that allows students to generate goods prices, exchange rates, and trade flows by trading with each other. Instructors can set experiment parameters, and output data are automatically generated as a spreadsheet file. Exchange rate and current account dynamics are the outcome of student production and trading decisions. The source code is available without restrictions on modification or use.