Economics · Microeconomics

Minimum Wage: Help or Hurt?

A labour-market policy experiment where students act as HM Treasury advisors, setting wage floors in competitive and monopsony markets to discover how market structure determines employment effects — exploring the Card-Krueger insight through interactive rounds

5 rounds Executive English, Español
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Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 5 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:

  • Set the National Living Wage
  • Before submitting: predict the effect on total UK employment

Subjects covered

Designed for courses in Microeconomics.

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