Type:

Description:

Pit is a fast-paced card game designed to simulate open outcry bidding for commodities. We use the game as a way for students to learn about trade and simple negotiations, and focus on the economic principle of comparative advantage.

Subjects:

  • Career & Technical Education > Business
  • Social Studies > Entrepreneurship

Education Levels:

  • Grade 9
  • Grade 10
  • Grade 11
  • Grade 12

Keywords:

Be Principled,Comparative advantage,Freedom,Market,Opportunity,Opportunity Cost,Principled Entrepreneurship,Responsibility,scarcity,Self-interest,Sound Judgement,Subjective Value,Sunk Cost,Trade,Wealth,Win-Win Focus

Language:

English

Access Privileges:

Public - Available to anyone

License Deed:

Creative Commons Attribution Non-Commercial

Collections:

YE Economics
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'P' - This is a trusted Partner resource
P
'P' - This is a trusted Partner resource

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Non-profit Tax ID # 203478467