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  4. Winter 1996
  5. Classroom Games: Trading in a Pit Market

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Classroom Games: Trading in a Pit Market

  • Charles A. Holt
Journal of Economic Perspectives
vol. 10, no. 1, Winter 1996
(pp. 193–203)
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Abstract

This paper describes a classroom exercise that resembles trading in the 'pit' of some financial and futures markets. Playing cards are used to induce supply and demand functions. Instructions and helpful hints are provided. The exercise facilitates an understanding and appreciation of the robustness and efficiency of the textbook model of perfect competition.

Citation

Holt, Charles A. 1996. "Classroom Games: Trading in a Pit Market." Journal of Economic Perspectives, 10 (1): 193–203. DOI: 10.1257/jep.10.1.193

JEL Classification

  • A22 Economic Education and Teaching of Economics: Undergraduate
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