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All I Ever Needed to Know about Microeconomics I learned From the Board Game Monopoly8482

interaction is the inevitable consequence of their oligopolist position. On the CD-ROM that accompanies the book is a game that you play with another student to demonstrate this principal. When you finish the game and compare your scores you are told that the only way that you can win, or score 100 is to cheat, that is, collaborate with your opponent. We see this modeled in the board game when two (or more) players gang up against one another. Cheating maybe, but sometimes the conspiracy is unspoken and perfectly legal. Again real life.Monopoly is a game of skill and chance. You may have all the skill in the world and still lose it all because of chance, a fact that our text book addressees, regarding real life, in the chapter Theory and Reality when they seek to answer the question Why things dont always work. (Schiller 378) In the board game you can find all sorts of experts with computer models and graphs predicting the outcome. The chart above shows what properties get landed on the most on an average trip around a Monopoly board. The chart below shows the costs of building by. In real life economist have charts and graphs and computer models running out the -- well you know.Microeconomics was the most difficult class that I have taken since my return to school, but then I figure its just a game like everything else. In Monopoly I found many essential theories of microeconomics: barriers to entry, game theory, scarce resources, oligopolies and many more. The goals for the players of the game and of economic life are the same as mine in this class, to come out on top....

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