The Supply Stretch: Price Elasticity of Supply
Manage production across four industries — oil, strawberries, digital music, and custom furniture — and learn how Price Elasticity of Supply (PES)…
About this simulation
A policy-lab simulation where the player runs a UK cross-government unit advising on merit and demerit goods. Across five rounds (flu jabs, adult education, tobacco, ultra-processed food, and gambling) the player identifies the market failure, selects an intervention tool (subsidy, tax, regulation, information campaign, ban) and sets intensity, then watches welfare, civil liberties and Exchequer cost respond.
Teaches MPB/MSB and MPC/MSC, Pigouvian taxation, behavioural dimensions, and the trade-offs of government intervention.
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
- The instructor creates a session from the Eureka dashboard and invites the participants.
- Participants play 5 rounds. In each one they submit their decisions and the simulation calculates the results.
- The simulation can be run in English, Español.
- The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.