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MERLOT II

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Search > Learning Exercise Results > Educational Games

Learning Exercise: Educational Games

Title:
Educational Games
Material:
Description:
This game simulation walks a student through the theories surrounding the Nobel award winning theories involved with international trade
Course: American Government

Info

Submitted by:
McGraw-Hill Learning Solutions
Date Last Modified:
November 11, 2008

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: http://nobelprize.org/educational_games/economics/trade/

Disciplines

Audience

  • College General Ed

Topics

Public Policy: Fiscal Policy

Learning Objectives

Differentiate between supply-side and demand-side economics, and explain when each should be used.

Type of Task

  • Individual

Technical Notes

Author Robert Downs