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Some Results

Students learn to produce on the PPF…

ppf2 ppf4

Production in Portugal (game Ricardian, rounds 2 and 4, played in the fall of 2004)

…and to gain from trade: 

con2 con4

Consumption in Portugal (game Ricardian, rounds 2 and 4, played in the fall of 2004)

Market prices get closer to their theoretical values…

price1.

... though not always 

price2

Analyzing trading errors can lead to an interesting class discussion and further learning:

table1

Survey

RESULTS FROM A DECEMBER 2004 SURVEY

Summary of a survey answered by 14 students in an international trade course and 19 students in an introductory economics course, December 2004 (1=strongly disagree, 5= strongly agree)

table2