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Spring 2009

ISSN 0890-913X

Volume 24, Number 2

Categories: Spring 2009 | Education

The Trade Game

Robert A. Lawson, Southern Methodist University

Curt Green, Watkins Middle School, Southwest Licking School District

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TheJournalofPrivateEnterprise24(2),2009,175-180TheTradeGameRobertA.LawsonAuburnUniversityCurtGreenWatkinsMiddleSchool,SouthwestLickingSchoolDistrictAbstractThispaperdescribesasimpleclassroomexercisethatillustratestheconceptofgainsfromtrade,andisappropriateforstudentsfromelementaryschoolagethroughcollege.Theexercisecanbeexpandedtoshowhowthegainsfromtradearelimitedbytheextentofthemarket.JELCode:A2Keywords:Trade;Economiceducation;TradebarriersTheTradeGame(TG)isaclassroomexercisethatillustratestheconceptofgainsfromtrade.Whilemoststudentshavelittledifficultywiththenotionthattradeismutuallybeneficialinsomevaguesense,theconcretenotionthattrade“createsvalue”istooabstractformanytograsp.Thisexerciseallowsstudentstoseeandmeasurethecreationofvaluethroughtrade.1Step1:CollectitemsTheinstructorneedstoacquireawidearrayofsmallinexpensivetrinketsthatwillbedistributedtothestudentsatthebeginningoftheexercise.Purchasingitemsatadollarstoreisusuallythemostcosteffectiveapproach.Figure1listssomeoftheitemsthatwehaveused.Ideally,thecollectionwillincludesomeitemsthataremorelikelytobedesiredbymalesandothersmorelikelytobelikedbyfemales.Itisalsoacceptableifsomeitemsarelikelytobesuperiortootheritemsintheeyesofmosteveryone.1JoeCalhounofFloridaStateUniversityusedavariantofthisexerciseinhiswinningperformanceinthe2008EconomicCommunicatorsContestsponsoredbytheAssociationofPrivateEnterpriseEducationandtheMarket-BasedManagementInstitute.175

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Metadata [hide]

Title	The Trade Game
Authors/Creators:	Robert A. Lawson, Southern Methodist University Curt Green, Watkins Middle School, Southwest Licking School District
Year:	2009
Volume:	24
Number:	2
Pages:	175 - 180
Publisher:	The Association for Private Enterprise Education
ISSN:	0890-913X
Document Type:	Educational Notes
Keywords:	Economic Education, Learning, Basic Education, Trade, Trade barriers

Citation:
Lawson, Robert A.; Green, Curt / 2009. "The Trade Game." The Journal of Private Enterprise, 24(2): 175-180.