A Demand and Supply Game Exploring Global Supply Chains

Autor/in	Hong, Bei
Titel	A Demand and Supply Game Exploring Global Supply Chains
Quelle	In: Journal of Economic Education, 51 (2020) 1, S.42-51 (10 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2019.1687373
Schlagwörter	Supply and Demand; Educational Games; Educational Experiments; Class Activities; Economics Education; Costs; Group Activities + Suchen Sie Ihr Suchwort? Bedarfsplanung; Educational game; Lernspiel; Schulversuch; Wirtschaftskunde; Cost; Kosten; Gruppenaktivität
Abstract	In this article, the author describes a classroom experiment in which participants make decisions to achieve the lowest-cost production. Student volunteers acting as smartphone companies are provided with confidential information representing their own cost of production and are asked to make trade decisions to form a supply chain at the lowest possible cost. This interactive classroom experiment facilitates an understanding and appreciation of the basic demand and supply model. Students also explore the motivations, facilitators, and impediments of global supply chains. Suggestions are made to expand the game by incorporating more sophisticated models of the global supply chain, and also ways in which it can explore aspects of economics such as transportation costs, oligopoly and the narrowing wage gap between Eastern and Western economies. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2022/1/01