Group exercises

Bilateral Trade Game Provided by Alastair Fischer at Birkbeck University

Full instructions for a Bilateral Trade game successfully used by Alastair Fischer in the Health Economics certificate course at Birkbeck to introduce students (medics and others from diverse backgrounds with no economics training) to the concepts of demand, supply, equilibrium and consumer/producer surplus. Also provided here are the summary sheets, buyer and seller schedules for the transactions, and a set of questions to guide discussion and analysis of the game. The questions at the end of the game can also be used for assessment purposes or as a homework exercise. Kindly provided by Alastair Fischer, 2008.