Learn Microeconomic Theories in Capitalism Lab – the World’s #1 Business Simulation Game

Capitalism Lab simulates market dynamics and enables students to observe supply and demand interactions, price fluctuations, and market equilibrium. Students can analyze pricing strategies, production decisions, and market competition within the simulated economy.

Key economic theories that you will learn by playing Capitalism Lab:

1. Law of Demand and Law of Supply
2. Market equilibrium
3. Elasticity of demand and supply
4. Consumer surplus and producer surplus
5. Price controls (e.g., price ceilings and price floors)
6. Market failure
7. Externalities (positive and negative)
8. Public goods and common resources
9. Law of Diminishing Marginal Utility
10. Theory of the firm (including production and cost concepts)
11. Perfect competition
12. Monopoly
13. Monopolistic competition
14. Oligopoly
15. Game theory
16. Price discrimination
17. Factors affecting factor demand and factor supply
18. Market structures and market power
19. Income and substitution effects
20. Market efficiency and welfare

These theories cover a wide range of topics and concepts in microeconomics, including market behavior, market structures, market failures, and the behavior of firms and consumers. It is important to understand these theories as they provide the foundation for analyzing and understanding the behavior of individuals, firms, and markets.