Economics · Microeconomics

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) governs how quickly producers can respond to price changes.

4 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 4 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:

  • Time Horizon
  • PES Estimate (0 to 3)
  • Which determinants apply? Tick all that fit.
  • Spare Capacity
  • Time Period
  • Stocks / Inventories
  • Factor Mobility
  • Nature of Product
  • Production Time

Subjects covered

Designed for courses in Microeconomics.

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