What is the
Market Place
exactly?
Economic Origami and how the market place is like a
football field
First the Economic Origami
First fold your
paper in thirds like
you are folding a
letter.(count down 9 lines
from the open space on the top
and fold on that 9th line please)
Then fold the bottom edge of the paper into that fold 
Just unfold and You now have 3
football fields to play with
We will look at three ways to compare
the marketplace to a football game:
1. The field itself and its players
2. The action on the field
3. How to get on the field in the first place
Part two the end zones
Next measure for three
end zones down the right
side of your paper @ 1.25
inches from the right
edge.
Make this in the middle of the first football
field and title at the top: (Field # 1)
$
Free Stuff
Big Money
Marketplace
Field # 1 and the Players
Team 1 The Buyers (Left
end zone)
Team 2 The Sellers
(Right end zone)
Pick a good or service for the second football
field and draw a sliding scale at the 50 yard
line with prices similar to a 8 pairs of
numbers from the candy bar auction.
(field # 2 )
Candy Bar
In field # 2 What does each team
want to accomplish on the field?
The Field of Play is where the
Good or Services being offered
for sale
Market Forces determine the
outcome in this football game
 The Real Income Effect
 How much money you have determines
price level in auction for you.
 The Substitution Effect
 Is there something else I can buy to gain
the same utility?
 Law of Diminishing Marginal Utility
 The more of something (consumer related)
I get the less value it has for me.
Can both sides get what they want?
Quid Pro Quo (field # 3)
Buyers: Goal
Sellers: Goal
Cheap Goods &
Services
Massive Profits
Field # 3
How do you actually get on the Field and
into the action?
Buyers
Sellers
The Market Place settles these
encounters with Market Forces
The results of these forces meeting in the market place
create the prices we find in our stores QPQ