Competitive Equilibrium and Classroom Pit Markets.

Ruffle, Bradley J.

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Peer reviewed

ERIC Number: EJ673860

Record Type: CIJE

Publication Date: 2003

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0022-0485

EISSN: N/A

Available Date: N/A

Competitive Equilibrium and Classroom Pit Markets.

Ruffle, Bradley J.

Journal of Economic Education, v34 n2 p123-37 Spr 2003

Describes a pit-market experiment using the work of Charles A. Holt to illustrate to students the real world relevance of the competitive equilibrium concept. Explains how to set up and conduct a pit-market experiment, discusses features of the data, and provides accompanying materials. (JEH)

Descriptors: Classroom Techniques, Economics Education, Higher Education, Microeconomics, Research Methodology, Teaching Methods, Undergraduate Study

Publication Type: Guides - Non-Classroom; Journal Articles; Reports - Descriptive

Education Level: N/A

Audience: N/A

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A

Author Affiliations: N/A

Note: The Journal of Economic Education is a peer reviewed journal.