Simulations and games in economics education

objective of this Globus game is to run a company in the real environment which is we will compete with other companies. On this simulation I am becoming co-manager of a camera industry. All of the company have two products in the market which is Entry level camera and multi featured camera. And the market area is divided into 4 region which is : 1.North America 2. Europe-Africa 3. Asia Pacific 4. Latin America. One group have 3 members , and in my business simulation we got 8 different companies

The task and standards: The glo-bus game is an online game developed by IBM and is short for globe business simulation game. It provides a competitive environment to all the participants and company’s managers. In glo-bus, 13 groups in an industry. Each group run a camera company with the same start condition, they need to make their own decision to defeated other groups and meet the investors expectation. The camera company was divided into four main regions such as Europe-Africa, Asia-Pacific

methods are affective in there own way, but can they be used for continuing employees? One of the great perks of having the business simulation is that it can be used for all employees, new and seasoned, to be able to develop further knowledge. With simulations they do not all have to be complex, like having all the business processes of the organization. The simulation could simply have specific skills related to them. These concepts could include communication, feedback, leadership and team skills

KEABETSWE PHUTHEGO 200903371 ELB 504 GUIDED STUDY IN BUSINESS EDUCATION TOPIC: ADVANCING ENTREPRENEURIAL SKILLS AND ABILITIES THROUGH THE USE OF SIMULATION GAMES IN SECONDARY SHOOL BUSINESS EDUCATION DUE DATE: 8 APRIL 2016 INTRODUCTION What can we as teachers do to influence our learners to become entrepreneurs? The government of Botswana has been over the years working tirelessly in trying to curb unemployment more especially among the youth, as well as motivating them to venture into different

Simulations can be defined as sites that allow users to pretend to be a character in digital space. . (Groff, J., & Haas, J., 2008) In sites, such as Second Life, a user can explore and complete tasks that he or she would not normally be able to in real life. Simulations can be extremely beneficial within a classroom, since it is not always realistic to have students complete a project

Bigger. Faster. And Easier. All of these words showcase the obsession consuming the minds of both entrepreneurs and consumers over the past ten years. Not only have businesses and products been affected by this obsessive mindset, but also the financial industry. Online banking, banking apps, and the increasing popularity of credit cards have all shown how convenience and easy accessibility have been a crucial priority in defining the financial industry. However, these qualities have had benefits

What have you learned Business simulation is simulation used for business training or analysis. Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking, financial analysis, market analysis, operations, teamwork and leadership. The business gaming community seems lately to have adopted the term business simulation game instead of just gaming or just simulation. The word simulation is sometimes considered too mechanistic for

provide major improvements in the delivery of education. Research on “teaching machines” dates back to the 1940’s before the general introduction of computers into the marketplace. Since that time there has been continual research development and implementation of techniques for using information technology in various aspects of education. OTA investigated what is known and what has been proposed about possible applications of information technology to education. Information technology is capable of becoming

markets. In this essay, firstly, I would like to discuss the processes and result of the simulation game in my group. Then, one of mix strategies which had become an issue during the simulation game will be reviewed and combined with marketing concepts or theories. And the last part would reveal one tool that should be considered as a significant factor which can influence the strategic

Dor Abrahamson, and Uri Wilensky ABSTRACT NetLogo [3], a multi-agent cross-platform modelingand- simulation environment, has been enhanced with new capabilities. We explain selected simulations from our Models Library and describe recent enhancements (e.g., 3D) and demonstrate extensions (e.g., music). We focus on H u b N e t [5], a technological infrastructure for facilitating participatory simulations [6], run these activities with participants, and discuss learning experiences afforded by these