Gold Simulations - Simulation Games for education, training, and management development. Improve your teaching through active learning and interactive learning. Custom simulations available.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
Beat The Market Online A Microeconomics Simulation  
Sample Course Outline:
MANAGERIAL ECONOMICS 		 
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
ASSIGN SIMULATION EXERCISES
(Automatically Graded)		 ASSIGN SIMULATION GAMES
(Automatically Graded)
Overview & Firm Goals Introduction Exercise
Fundamentals: Decision-making, risks, & marginal analysis   Pre-test: Monopoly game level 3 - decisions: price, advertising, production, and plant size.
Demand & Supply Basics Market Equilibrium Exercise Pre-test: Perfect Competition level 3
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
Demand Estimation and Forcasting   Play Monopoly game level 3; export data to EXCEL and report on statistical estimate of demand (time series and cross section data)
Production Theory Short-run Production Exercise
Long-run Production Exercise 		 
Production Estimation   Play Monopolistic Competition game level 3; export data to EXCEL and report on statistical estimation of production function
Cost Theory Short-run Cost Exercise
Long-run Cost Exercise 		 
Cost Estimation   Play Oligopoly game level 3; export data to EXCEL and report on statistical estimation of cost function
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
 
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