Gold Simulations - Simulation and Gaming Specialists

Simulation Games for education, training, and management development. Improve your teaching through active learning and interactive learning. Custom simulations available.


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Transforming Learning and Developing Top Performers

Beat The Market An Interactive Microeconomics Game


Sample Course Outline: INTERMEDIATE MICROECONOMICS

By assigning simulation games & exercises while these concepts are covered in class, students will learn to apply economic theories in a dynamic setting & develop critical thinking skills. Includes pre-tests to determine a student's baseline knowledge or preparedness and improve their understanding.

Sample Course Outline	Beat The Market Online Simulation
Sample Course Outline	ASSIGN SIMULATION EXERCISES (Automatically Graded)	ASSIGN SIMULATION GAMES (Automatically Graded)
Thinking like an economist	Introduction Exercise
Fundamentals: Decision-making, balancing benefits & costs		Pre-test: Monopoly game level 3 – decisions: price, advertising, production, and plant size.
Applying Demand & Supply	Market Equilibrium Exercise	Pre-test: Perfect Competition level 2 – decisions: production and plant size
Demand Theory	Law of Demand Exercise Shifts in Demand Exercise	Pre-test: Monopolistic Competition level 3
Demand Elasticity	Price Elasticity Exercise	Pre-test: Oligopoly level 3
Applying Demand Theory		Play Monopoly game level 3; export data to EXCEL and evaluate the demand function using time series data from the game. Report on the factors that influence demand.
Production Theory	Short-run Production Exercise Long-run Production Exercise
Applying Production Theory		Play Monopolistic Competition game level 3; export data to EXCEL and evaluate the production function using time series data from the game. Report on why productivity is changing.
Cost Theory	Short-run Cost Exercise Long-run Cost Exercise
Applying Cost Theory		Play Oligopoly game level 3; export data to EXCEL and evaluate the cost function using time series data. Report on the relationship between costs and production in the game.
Firm in Perfect Competition	Short-run Perfect Competition Exercise Long-run Perfect Competition Exercise	Test: Perfect Competition Game level 2 - only production & plant size
Monopoly	Revenue Exercise Short-run Monopoly Exercise	Test: Monopoly Game – Level 3
Monopolistic Competition	Short-run Monopolistic Competition Exercise	Test: Monopolistic Competition Game level 3
Oligopoly & Gaming Theory	Short-run Oligopoly Exercise	Test: Oligopoly Game level 3