Development game “settlers of catan”
Course:- Microeconomics
Length: 6
Reference No.:- EM1344

Assignment Help
Assignment Help >> Microeconomics

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan".

1.Discuss what "economic development" means in the context of this game? (Hint: How do you win, and what do you have at the end of the game that you did not have at the beginning of the game?)

2. Would "Victory Points" be a measure of player's "GDP"? If not, then how would you calculate a player's GDP?

3. Can you describe what the production function for the game looks like? (How are labour, capital and resources combined? Are there constant, increasing or decreasing returns to scale?)

4. We have discussed the importance of resource endowments and institutions for an economy's successful development.

a. In this game, what are the resources that make up the endowments, and what defines a given player's endowment of resource at the start of the game? (e.g. what do they have and how much? Is a "hex" a "hex"?)

b. How do institutions matter for the game's outcome? (Hint: Think of trade rules, the role of the robber, the "Monopoly Card" and the role of the army)

c. How does technical progress occur in the game? Is there any other way that technical progress could have been introduced to the game?

d. Is being on the coast is an important determinant of "success" in this game? Why or why not?

e. What else would matter for the "success" of a player in this game?

5. I have provided you with a proposed board of play that is intended to represent the territory that becomes Canada.

a. How well does this "model" represent Canada? (Hint: look at an atlas)

i. Is the distribution of endowments a reasonable approximation to reality?

ii. Is there anything missing?

b. What region, or provinces, of Canada is represented by each player colour? 

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
Ben needs cash fast and has asked Lucy for a loan.  Ben will willing to put up his PlayStation as collateral.  Lucy has determined after a quick Internet search that Ben's Pla
After many requests from wine growers over many years, the INAO in Finance changed the rules to allow more land to be used to legally grown grapes for use in the production of
The forty wealthiest people in the United States will make more in a year than 60% of the population combined. Over a billion people on this planet live on less than dollar
Explain how changes in two (2) factors that affect the supply of your good (e.g., input costs, number of suppliers) affect the equilibrium quantity and price of your good or s
Given the asymmetric information situation a prospective employer faces in hiring from this labor pool, what is the average salary that they would pay without a signal?
Choose a research design to investigate your research question. Explain why this design is appropriate for the study. Provide a brief overview of the study you would design.
Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w. Calcul
1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the all in a given period of time. Based