Use the arrow keys on the keyboard to collect as many coins as possible in three rounds without getting stuck. I bet you can't score 50,000. When you finish playing, learn more about the economic concepts in the game with the No Bull Economics videos below. Good luck!
About Supply and Demand - Round 1
Round 1 had to do with markets and the Laws of Supply and Demand. This video discusses the important relationships between price and quantity, why the demand curve downward sloping, why the supply curve upward sloping, how to identify a temporary surplus in a market, how to identify a temporary shortage, and how a market will respond to a surplus or shortage. Click here to learn more about markets and economic models.
About Profit Maximization - Round 2
Round 2 mentioned the profit-maximizing rule for a firm that produces in a competitive market. This video discusses the costs of production for a firm, cost curves, the MR=MC rule, and more. Click here to learn more about profit maximization in all of the market structures.
About Labor Markets - Round 3
Round 3 references how a firm maximizes profit when hiring labor (or any type of economic input). This video goes over the role of marginal revenue product and marginal factor costs in a perfectly competitive market for a resource. For the effects of a minimum wage - a type of price floor - click here.
Disclaimers: MrMedico.info (2006-2018) is independently operated and is not directly affiliated with PortNet, the official website of the Port Washington Union Free School District. Students in Mr. Medico's classes are always offered free content for any Mr. Medico product advertised on this site. AP® is a trademark registered by the College Board, which was not involved in the production of, and does not endorse, this product.