econ202—-Trade Simulation and Paper

http://www.imf.org/external/np/exr/center/students/trade/index.htm

Play this game to experience the challenges and excitement of international trade. See if you can get the best price for the goods you sell and the biggest bargains for the goods you buy. Watch how the global economy is doing: the prices you’ll be able to get and the deals you can make depend on how healthy the global economy is.  After you play the game write a response discussing what aspects of trade this game showed.  Also discuss the kinds of restrictions on trade coutries use with each other and how they affect the market.

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