Economics · International Economics

Tariff War Simulator: Three Rounds of Retaliation

Run the Costarian Cabinet through an escalating trade dispute with Boravia. Set tariff levels, file with the WTO, subsidize farmers, or negotiate. Watch consumers, producers, treasuries and trust indices move, and discover why the way out of a tariff war is harder than the way in.

6 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 6 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:

  • Costarian tariff on Boravian software (%)
  • Strategic action

What participants track

What participants follow on screen as the rounds go by:

  • Cabinet Decisions This Quarter
  • Cabinet Record — Quarter by Quarter
  • Cumulative welfare effect (Costaria vs Boravia)
  • Trade volume and diversion to third countries
  • Mango sector employment in Costaria

Subjects covered

Designed for courses in International Economics.

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