Experiencing Economics

Ready-to-run games and experiments for the classroom

An ebook of experiments and games that you can run with your students online or in-the-classroom to help them learn economics through engaging in real-time decision-making.

Each experiment includes:

  • detailed step-by-step guide for instructors,
  • student instructions,
  • predictions,
  • discussion topics, and
  • homework questions.

The experiments are pre-programmed on the free classEx platform, making running experiments and collecting data very fast and easy.

Try Experiencing Economics today!

Published so far

  • Public goods game. Are humans able to cooperate to achieve socially beneficial outcomes, or do they succumb to free-rider incentives?
  • Coordination game. What strategic considerations drive investment behaviour?
  • Pollution, taxes, and permits. What policies are effective in mitigating negative externalities like pollution?
  • An excise tax in the apple market. What are the effects of introducing a per-unit tax on goods traded in a perfectly competitive market?
  • The multiplier process. How does the multiplier process happen in real life?
  • The conflict game. In a two-person negotiation, should people be competitive or try to cooperate with each other to get a better result?
  • Network economies of scale: The Holophone. Have you ever wondered about the significance of being the first person with email access, only to find an empty inbox?
  • Competing standards. How did Facebook come to dominate the market for social networks? What became of MySpace and Second Life?

Find out more about these experiments, by reading Experiencing Economics

Discover the ebook in action

Conducting economic experiments online and in the classroom is an effective way of getting students to use economics to think critically about the world around them and how it is represented in economic theory. Taking part in experiments motivates students by placing them in decision-making situations that correspond to the theoretical frameworks they are learning about.

Watch the video below to see how Prof Cloda Jenkins (University College London) delivered an online lecture on The Economy Unit 4 and ESPP Unit 2 in which her students played three games on classEx.

 

Other video options are available.

Watch the video on Bilibili

Download the video and save it offline

Prof. Cloda Jenkins and Maha Khalid, a student on her course, give their reflections on these games from a lecturer and a student perspective

Read their blog.

The experiments and games complement the units in The Economy 2.0, The Economy 1.0, and Economy, Society and Public Policy, and can also be used alongside other textbooks.

Interested? Try Experiencing Economics today!