Economics · International Economics

Comparative Advantage Live

Two countries discover that even when one is better at everything, both gain from specialising and trading according to comparative advantage. Then they confront the distributional politics — who inside each country wins, who loses, and which compensation mechanism preserves the larger pie.

3 rounds MBA & Masters English, Español

Preview

Who it is for

An intermediate simulation for participants who already know the core concepts of the subject, designed for master's and MBA programmes.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 3 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Workers in Mangoes (%)
  • Price Ratio (mangoes per 1 software)
  • Costaria Mangoes Exported (millions)
  • Compensation Mechanism

What participants track

What participants follow on screen as the rounds go by:

  • Republic of Costaria
  • Boravia
  • Bilateral Trade
  • Compensation Policy
  • World Aggregate

Subjects covered

Designed for courses in International Economics.

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