Team members perform a variety of roles. Students address economic problems through collaborative team efforts, where members give and receive information that contributes to the team goal. Consensus is needed to identify the appropriate direction and final decisions of the team. Each team identifies its initial position and through negotiations, trade agreements are reached. The simulations involve role playing in which the students perform as economic agents in the simulated markets.
Further explanations are in article.
The teams review the instructions, apply economic principles to the problem and make initial decisions. Then predesignated teams are allowed to move around the classroom, negotiation with other teams. When the teams reach agreements through negotiations and report the results to the instructor, a round is completed. The results are reported to the students in the next class period. Policy alternatives and modifications are discussed in the article.