International Review of Economics Education ( IF 0.782 ) Pub Date : 2018-10-26 , DOI: 10.1016/j.iree.2018.10.002 Bei Hong
This paper outlines a classroom trading game that explores equilibrium terms of trade using the principle of comparative advantage and theory of reciprocal demand. Students are divided into eight groups. Each group is assigned a country with hypothetical productivity and each country seeks its trading partner based on comparative advantage. Students simulate the trading of goods between countries with the objective of achieving the best possible terms of trade. The game encourages students to reflect on their learning of the principle of comparative advantage, consider improvements in trade terms through negotiation, and summarize the conditions for mutually beneficial terms of trade. The study contributes to the existing literature by extending the discussion beyond comparative advantage to incorporate mutually beneficial terms of trade as well as factors contributing to the distribution of trade gains.
中文翻译:
基于比较优势原理和互惠需求理论的两轮交易
本文概述了一个课堂交易博弈,该博弈博弈使用比较优势原理和互惠需求理论探索均衡贸易条件。学生分为八组。每个小组都被分配了一个假设的生产率国家,并且每个国家都根据比较优势寻找其贸易伙伴。学生模拟国家之间的商品贸易,以期达到最佳贸易条件。该游戏鼓励学生反思他们对比较优势原理的学习,通过谈判考虑贸易条件的改善,并总结互惠贸易条件。