Document Type

Article

Journal/Book Title/Conference

Internation Review of Economics Education

Volume

18

Publisher

Elsevier

Publication Date

2015

First Page

49

Last Page

61

Abstract

We present a series of numerical simulation models built in Excel that can be used to explore the properties of various models of strategic competition in quantities and their economic implications. The resources incorporate both tabular and graphical data presentation formats and are built in such a way that they provide instant or ‘live’ feedback on the consequences of changes in the economic system. We discuss the theory behind the models, how they can be implemented as numerical simulations in Excel, and ways in which the simulations can be used to enhance student understanding of the material.

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