Welcome to my third instalment of my collection of Steem works. I have previously authored two posts containing my work relating to economics. This third instalment focuses on contests. I have run several contests since being on Steem. I initially began with puzzle contests and then I moved onto memes and then contests more closely related to economics. When I create more contests I will include the links in this post. My other ‘Collection of Works’ posts will also be updated frequently.
The updated Parts 1 and 2 of the collection of works can be accessed using the following links.
As with the previous collections of work, I have divided my subject matter into categories. The categories included in Part 3 are as follows:
- Spectrum Economics Six-Week Challenge
- Spectrum Economics Buying and Selling Game
Spectrum Economics Six Week Challenge
In April and May in 2018, I ran my ‘Spectrum Economics Six Week Challenge’. The series brought the economics and the contest aspects of my account together. The series was intended to help people think about economics and how it applies to and influences their lives. The challenges varied from analysis and problem solving to articulating and explaining how economics can be applied to everyday life.
I would love to create another economics challenge series once the level of activity on Steem returns. Many of the participants found the challenges to be useful and thought provoking. Below are the links to all the challenges as well as contest voting and results posts.
Spectrum Economics Buying and Selling Game
I had created a number of different contests prior to the buying and selling game. These included puzzles, memes, and the six week economics challenge series. I wanted to run contests that could be more closely linked to economics. I managed to achieve that with the six week challenge series but I could not run such a series indefinitely. The third challenge in the series was a buying and selling challenge, which proved quite popular. This challenge could also be modified into a simpler contest.
I built an Excel-based model that would generate the prices of goods for the contest. The contestants were required to buy goods at a given price at one of five locations. They were then required to sell these goods at another location but were not given the prices for these locations. Instead, they were given the mode, minimum, and maximum prices. The contestant who made the highest profit would win. This game incorporated economics and a bit of luck. The results would always be unbiased as the Excel-based model generated the prices.
These contests ended for two reasons. Activity on Steemit had dropped off in April because of the decline in the price of Steem. This reduced the number of entries considerably compared to my previous contests. I also could not consistently raise sufficient funds from upvotes to support the prizes for the contest. Below are all four contests as well as the results generated by the model.
I have always loved solving puzzles. I have now taken that to a new level by creating new puzzles and puzzle contests. I normally create 4 puzzles per a contest. The first person to solve all the puzzles wins. The puzzles are generally quite difficult with just a few people each week finding all the answers. Puzzles are not directly related to economics but puzzles require analytical ability which is critical to economics. Think of solving puzzles as an indirect way of improving your prerequisite skills for economics.
Memes and meme contests, well this series is really just for a bit of fun. I have many photographs from my adventures in life and some of them are quite humorous and can be used to create some really funny memes. I also have a thing for memes and how they can add value to an explanation. I often create memes for my economic posts to emphasize a particular point. In short, memes are great fun and can tell a story in an instant.
This brings me to the end of my third instalment of my collection of works. This post as well as the previous two instalments will be updated every couple of months. To be continued in Part 4.
If you want to read any of my other posts, you can click on the links below. These links will lead you to posts containing my collection of works. These posts will be updated frequently.
Economics Udemy Course
I have launched my first Udemy course ‘Economics is for Everyone’. The course focuses on how economics affects everyday people, the decisions they make and how they interact with the world around them. The course contains 24 video lectures (about 4 hours of viewing), 64 multiple-choice questions (3 at the end of most lectures), 32 downloadable resources (presentation slides, additional notes and links to relevant Steem posts), and 2 scenario questions. The course is currently free-of-charge. Click the link above to access the course.