ECO 201 Project Template
Memo
To: My Business Partner
From: Ashley Jones
Date: 02/12/2023
Re: Microeconomics Simulations
Introduction
This memorandum report identifies and explains key microeconomic principles using a set of simulation games. The outcome of these games illustrate how
microeconomic principles can be applied within real-life situations to help us make better business decisions. This report is a summary of the simulations I played
and their results, which include the key takeaways and their significance, for your review and reference. It is divided into the following sections:
1. Comparative Advantage
2. Competitive Markets and Externalities
3. Production, Entry, and Exit
4. Market Structures
5. Conclusions
6. References
Comparative Advantage
Figure 1.1
