Gaming the System — Playing with Supply and Demand
Submitted By:Michael Ryan Moore, University of Pennsylvania, GSE
Date:November 6, 2011
Grade Level(s):9, 10, 11, 12
In this lesson, students will reason about supply and demand relationships by playing an economic game inspired by Cyril Morong. This game combines previous lessons on: the laws of supply and demand, shifts in supply and demand, equilibrium prices, and elasticity. In the game, students will work as buyers and sellers to maximize their individual profits. Based on the aggregate of individual decisions, the class will create its own supply and demand curves.