Big picture game

Overview

Available age:8 years or older

Players:2 to 4 players

Length:20-30min

Draw a big picture predicting the global market trend players become big hands
of the global market and purchase various resources!

Draw a big picture that identifies various fluctuations in supply and demand amid
the rapidly changing global market trend in various resources!

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Game components

Resource cards: Oil, Coffee, Beef, Steel, Cement, Wheat

Situation card that can change the price of a resource card. There will be a
price change of this resource if it increased/decreased with the
situation. (“+” will be showing price increase)(“-showing prince
decrease) Ex. +2= increase 2 in price

If the intial price was 7 for coffee and you/others pay +2 card it will be
9.
Ex1. Coffee +2: “Coffee producers suffered from drought”=showing market
prices rise when supply decreases. Also shows negative
externalities(natural disasters) which affected the supply

Ex2. Beef -5 “Vegetarians started to protest strongly” In this case, the

demand for beef decreases, so there is no place to sell beef, and the
price drops.

Ex3.Beef -2 “Future prospects that beef prices will go down” The

expectations that sellers have concerning the future price of a good,
which is assumed constant when a supply curve is constructed. In this
situation, if sellers expect a lower price, then supply increases. As
quantities(supply) increase the price will decrease showing -2
price change for beef.

Special situation cards

When you get this card, the price for your resources will be your final
price with no more price change. This would be telling ‘market
failure’ where it would be ‘incomplete or missing market’ which is
the kind of market failure.

When you get this card, the price of a certain product will
automatically change to 0. This card could be also associated with
‘market failure’ but also with elastic demand bringing when if the
value is less than 1, demand is inelastic. “Elastic demand means
that demand for a good does not change in response to price.”
Price table: where you can record changes/inflation in the price of resources
while playing games.

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Preparation

- 5 Situation cards per person

-Resource cards placed between people

-Price table per person

-Pencil/pen to record fluctuations of resources

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How to play the game?

1. Set the prices of 6 resources randomly from 1 to 8 and write them on the price
board. At this time, the prices can all be set the same for all resources(Try to
Start as all 7 or 8). Write in on the table.

2. After setting the price, mix the situation cards and share 5 situation cards
each. Put the remaining cards aside so that they are not visible.

3. Give and show one of the situation cards to the middle and select one
resource and bring it. You don't have to bring the same kind of resources as the
card you paid for at this time. (You have to think well whih situation card you’ll
give and which resource card you’ll bring depending on current market prices on
each resource)

4. Reflect on the contents of the card you/others used and record it in the price
table.

(EX. The price of the coffee you set at the beginning is 8, and if you or others pay
a coffee-1 card, the price of the coffee you write in the first quarter will be 7.)

5. Six cards are applied to determine the final price or (End of price change)
cards are used. The game ends when there are more than three resources
with the final price determined(4rounds).

6. (Suspension of the transaction) The card is not considered the final price
decision. Also, the price of all resources cannot be lowered to less than 0.

7. If you don't have any more cards to pay, you can't receive resources. In this
case, you can take a break once and take a card next time to take resources.
8. The game ends when there are final prices for 3 resources. For example if
steel beef cement has the final price the game will be done. Now, calculate the
resource price based on the last price of the resource you own, the person with
the highest amount of money wins the game. (Ex. At the end of the game, the
last formation price of oil is 5, and if you have three oil cards, you earn a total of
15 points. If the last formation price of beef is 2, but if you don’t have a beef
resource card, it would be 0. Also if the final price for steel is 0, but you have 3
resource cards of steel, then it would be considered as 0. Like this method, you
add all the resources. Therefore for this game, you should be depending on
current market prices for bringing resource cards, which is like a stock
investment where you invest depending on the market situation.

Quick summary: ​Like this is a game where you pay your card one by one, adjust
the market price of goods(price control), bring the resource card one by one,
and collect expensive resource cards as much as possible to compete for who
has a lot of assets(resources) by drawing a "big picture" in your mind.

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What can you learn from this game?

This board game ‘Big picture’ would be academic as you can learn the principles
of supply and demand through this board game and while having fun at the
same time. The people who play this game would learn about market price
change and the factors determining market price by exploring supply and
demand with positive and negative externalities. They’ll be looking at various
situations of supply and demand that would affect that resource’s price.

My game would also consist of the topic of ‘profit maximization’ where

everyone would determine the price and output quantity that will yield their
highest possible profit. As we pretend each person is a firm, they will be
competing and controlling the prices of resources they have with others for the
highest profit by selling and inputting the resources they need. In other words,
they’ll be thinking hard what situation card they should put for their maximized
profit. Moreover, they will be reducing the cost of goods sold while maintaining
the same sales prices by putting the situation cards carefully depending on the
market price and bringing in other resource cards.

“Market Failures, Public Goods, and Externalities - Econlib.” Econlib, 12 Oct. 2018,

www.econlib.org/library/Topics/College/marketfailures.html. Accessed 6 Dec. 2021.

“Profit Maximization | Economics | Britannica.” Encyclopædia Britannica, 2021,

www.britannica.com/topic/profit-maximization. Accessed 6 Dec. 2021.