International Trade with Heterogeneous Firms: An Interactive Classroom Simulation

Autor/inn/en	Cook, Nathaniel P. S.; Pantuosco, Angie
Titel	International Trade with Heterogeneous Firms: An Interactive Classroom Simulation
Quelle	In: Journal of Economic Education, 53 (2022) 1, S.31-42 (12 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2021.2004275
Schlagwörter	Economics Education; International Trade; Simulation; Class Activities; Undergraduate Students; College Instruction; Instructional Effectiveness + Suchen Sie Ihr Suchwort? Wirtschaftskunde; Trade; International relations; Handel; Internationale Beziehungen; Simulation program; Simulationsprogramm; Hochschullehre; Unterrichtserfolg
Abstract	In this article, the authors describe an interactive classroom simulation that helps students learn some of the most important ideas from models of international trade with heterogeneous firms. Students make entry/exit decisions for individual firms with different marginal costs of production. The simulation consists of five rounds, beginning with autarky and progressively liberalizing trade. In each round, students interactively determine each firm's equilibrium entry/exit decision by responding in real time to how their individual firm's profit is affected by the decisions of all of the other firms. Empirical evidence from a pre-post assessment of students who participated in the simulation in the fall of 2019 demonstrates a significant increase in student understanding of international trade with heterogeneous firms after participating in the simulation. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01