This paper presents a simple classroom experiment for first-year university students of introductory economics, about participation in a competitive labour market. The students are designated as workers and the lecturer/tutor represents the numerous employers in this experiment. The experiment...

This paper presents a simple classroom experiment that helps students make economic decisions about participation in the labour market. The students are designated as workers and are given information about their skill endowments, marginal productivities and opportunity costs. The lecturer, who...