House Price Determination Simulation [Virtual Learning Arcade]

The Virtual Learning Arcade is a series of models and simulations on various economics and business topics. Each simulation has a range of supporting materials including interactive worksheets, theoretical explanations and multiple choice questions. This simulation is based on how the price of a house is determined.

Determination of a house price

The simulation

This link gives you access to the simulation.

Ideas on how to use the input variables in the simulation

Background information

This link gives you access the issues surrounding the simulation.

The effects of policies on ... the price of a house

These links include interactive self-assessment questions looking at the effects of each policy

  • You increase household income Try This
  • You tighten government building regulations Try This
  • You slowdown the economy Try This

Further questions

These are traditional question types where the answers can include information on the simulation.