Microeconomics and Managerial Economics Simulation Games

HIGH SCHOOL

COLLEGE & MBA
Principles	Managerial

CONTACT

	OPTION 2 - Utilize Throughout Course
		Go To Option 1

PRINCIPLES OF MICROECONOMICS

Sample Course Outline

Schedule of Simulation Games and Exercises

Weeks	Activity	Game Assignments	Simulation Exercises
1	Students register online & learn basics of game	View online tutorials; and **Play Practice Game 1	* Introduction
2	Students refer to student manual as needed		Law of Demand Shifts in Demand
3	Students refer to student manual as needed		Market Equilibrium Price Elasticity
4	Students refer to student manual as needed		Short-run Production Short-run Cost
5	Students refer to student manual as needed	**Practice Game 2	Long-run Production Long-run Cost
6	Students compete individually against computer managed firms	**Practice Games 3 & 4
7	Students compete individually against computer managed firms	Graded Games 1, 2 & 3
8	Class divided into firm teams to organize, review game reports, and prepare strategies	Team Decisions Quarter 1
9-10		Team Decisions Quarters 2 & 3
11		Team Decisions Quarters 4 & 5
12		Team Decisions Quarters 6 & 7
13	Teams meet to evaluate performance and learning lessons	*Prepare Team Reports* on game performance
14	WRAP-UP: Team Presentations - Optional	*Team Reports* due

* Introduction Simulation Exercises require no knowledge of economics. The objective is to learn about the reports/information within the game. Exercises are automatically graded but we recommend this exercise not be counted toward the student grade.

**Practice games can be graded or not graded, and assigned to the individual or team. We recommend individually played practice games set up to mirror the Team game or build up to it. (i.e. level 1 game with only two decisions, to a level 2 with four decisions). We also recommend the first practice game not be graded.