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MERLOT II


    

Learning Exercise


Material: Educational Games
Submitted by: McGraw-Hill Learning Solutions on Nov 11, 2008
Date Last Modified: Nov 11, 2008
Title: Educational Games
Description: This game simulation walks a student through the theories surrounding the Nobel award winning theories involved with international trade
Type of Task: Individual
Time Required 30 Minutes
Topics: Public Policy: Fiscal Policy
Course: American Government
Audience: College General Ed
Learning Objectives: Differentiate between supply-side and demand-side economics, and explain when each should be used.
Technical Notes: Author Robert Downs
Text of Learning Exercise: Play an International Trade game simulation http://nobelprize.org/educational_games/economics/trade/ This game simulation walks a student through the theories surrounding the Nobel award winning theories involved with international trade. Bertil Ohlin, awarded the Prize in Economics in 1977, showed that countries engage in and benefit from trade if their production resources differ from each other. The Heckscher-Ohlin theory explains why countries trade goods and services with each other. One condition for trade between two countries is that the countries differ with respect to the availability of the factors of production.
Additional Information URL: http://nobelprize.org/educational_games/economics/trade/
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