Economics · Microeconomics

Externalities & the Schoolyard

Apply three Pigouvian-style policy tools — fee, tradable permits, command regulation — to a real schoolyard externality. Calibrate, observe, defend, and surface who pays the un-priced cost.

9 rounds MBA & Masters English, Español
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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 9 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:

  • Policy Tool
  • Fee per dB above 70 (€)
  • Loud-operation permits issued (auctioned)
  • Noise cap at courtyard edge (dB)
  • Fine per breach (€)

What participants track

What participants follow on screen as the rounds go by:

  • Council Decisions
  • Weekly Log

Subjects covered

Designed for courses in Microeconomics.

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