PRINCIPLES OF MICROECONOMICS FOR COLLEGE AND MBA CAPSTONE COURSE OUTLINE

OPTION 2 - Utilize Throughout Course

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
None
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.

Gold Simulations

Quick Links

Find us here

About Us

Our online economics simulation games provide a method of teaching and learning economic concepts that students find much more meaningful & exciting while building critical thinking skills.

Gold Simulations
330 Rick Road
Milford, NJ 08848

(908) 730-7332


© 2024 Gold Simulations | All Rights Reserved.