Economics Simulation for the Classroom | Elasticity & Competition

Economics classroom simulation

See elasticity, pricing, and competition in action.

ClassTycoon turns price elasticity, differentiation, scarcity, and competitive response into a market your students actually operate — and then have to explain.

Demand

Price elasticity

Teams watch how a price change moves demand, revenue, and share against live competitors — elasticity they can feel, not just draw.

Differentiation

Non-price competition

Marketing and R&D build Brand Index and Quality Index over time, so students learn that differentiation compounds — it is not an instant score boost.

Constraint

Scarcity and trade-offs

Production, inventory, cash, and financing limits force real choices with measurable opportunity costs.

Designed for explanation

Every outcome comes with the economics behind it.

The simulation records a structured reason for every material change, and you keep the complete cross-team view to steer the discussion.

01

Compare against the market

Each team’s Market Share sits next to its price, Brand Index, Quality Index, and available supply.

02

Follow the money

Revenue, direct costs, overhead, financing, and ending cash stay visible as distinct, teachable measures.

03

Replay the reasoning

Round history supports a debrief that moves students from observation to genuine economic explanation.

Concepts covered

One market, a full intro-micro reading list.

A single ClassTycoon run gives your students first-hand experience of the concepts at the heart of Econ 101:

  • Supply, demand, and market equilibrium
  • Price elasticity of demand
  • Non-price competition through branding and product quality
  • Economies of scale and unit cost
  • Capacity, inventory, and opportunity cost
  • Competitive dynamics: price wars, retaliation, and differentiation
  • Reading basic financial statements
  • Uncertainty and lagged effects on decisions

Turn your next lecture into a live market.

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