✈️ NESA Economics & Business Studies

SkyMarket Live

A real-time airfare market simulation where you compete as an airline or shop as a passenger — grounded in microeconomic theory.

Supply & Demand Price Elasticity Consumer Surplus Oligopoly Market Equilibrium Game Theory Economic Shocks AI Price Advisor

✈️

I'm an Airline

Set economy & business class prices, allocate seats, and compete against rival airlines for passengers.

See competitor prices live
Get AI price recommendations
Earn profit from bookings
React to economic shocks

🎒

I'm a Passenger

You'll be secretly assigned a traveller type with a hidden budget. Shop the live booking board and find the best deal.

Get a secret traveller profile
Browse live airline prices
Earn consumer surplus
Score by saving vs your budget

📊

I'm the Teacher

Create and control the market session. Advance phases, trigger economic shocks, and watch the demand/supply curve update live.

Create & control sessions
Trigger economic shock events
Live demand/supply projector
Compare class outcomes

🎒

Waiting for session to start…

The teacher will open the market shortly. Get ready!

0Airlines

0Passengers

Session Code: — | Route: —

✈️ SkyMarket Live — Airline Desk

Session: — | Round: 1

Pricing Open

🛩️ Your Pricing Strategy

Economy Price$800

$150$3,000

Economy Seats Available8

Each seat = one passenger slot in your session

Business Price$3,000

$500$12,000

Business Seats Available3

Fixed Operating Cost$150,000

Break-Even Economy Seats—

Projected Revenue (est.)—

Projected Profit (est.)—

💡 AI Price Recommendation

Price Elasticity of Demand (PED)—

📡 Live Market Intelligence

Competitor Economy Prices

Waiting for other airlines…

🎯 Your Live Bookings

0

Economy Sold

0

Business Sold

0%

Load Factor

$0

Revenue

📚 Microeconomics Concepts

Price Elasticity: If PED < -1, demand is elastic — a 1% price rise causes >1% drop in quantity demanded. Leisure travellers are elastic; business travellers are inelastic.

Oligopoly: You can see competitor prices. This is a strategic game — if you all price high, passengers pay more. If you undercut, you win share but start a price war.

Producer Surplus: Your profit per seat = price − average cost. Total producer surplus = shaded area on the supply/demand chart.

🎒 SkyMarket Live — Booking Portal

Session: — | Round: 1

Airlines Pricing…

📚 Your Role in the Market

Consumer Surplus: The difference between what you were willing to pay and what you actually paid. A cheaper flight = higher surplus = more points!

Law of Demand: The lower the price, the more likely you (and others like you) are to book. You demonstrate this law by your own choices.

Market Power: When many airlines compete, you benefit. When only one airline exists (monopoly), they can charge much more — watch what happens if the teacher triggers a Merger shock!

⏳

Airlines are setting prices…

The booking portal will open when the teacher starts the Booking Phase. Get ready to find the best deal!

📊 SkyMarket Live — Teacher Dashboard

Session: — | Phase: Lobby

Lobby

⚙️ Session Control

Current Phase: Lobby · Round: 1 · "Next Round" resets all bookings so students can re-trade

0

Airlines

0

Passengers

0

Bookings

—

Avg Market Price

📈 Live Supply & Demand

Supply = airlines' seats at their prices. Demand = passenger WTP distribution. Equilibrium = where curves intersect.

💰 Surplus Distribution

Consumer Surplus (passengers) vs Producer Surplus (airlines). Deadweight loss = value not captured by market.

✈️ Airlines

Airline	Econ $	Bus $	Sold	Load	Profit
No airlines yet

🎒 Passengers

Passenger	Type	WTP	Booked	Paid	Surplus
No passengers yet

⚡ Economic Shock Events

Trigger a real-world market event. All student screens update instantly. Students must respond in Round 2.

No shock active.

🏆 SkyMarket Live — Round Results

0

Seats Sold

$—

Avg Market Price

$—

Total Consumer Surplus

$—

Total Producer Surplus

✈️ Airline Leaderboard

🎒 Passenger Leaderboard

🤖 AI Market Debrief

Generating analysis…

Key Concepts Demonstrated:

SkyMarket Live

Join as Airline

📈 Live Supply & Demand

💰 Surplus Distribution