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GUIDED TOURS Welcome to Beat The Market On Line, an innovative approach to Active & Collaborative Learning A “picture is worth 1000 words”. INCORPORATING THE SIMULATION EXERCISES & GAMES Into Your Course BY TAKING A GUIDED TOUR
GUIDED TOUR INCORPORATING THE SIMULATION Exercises and/or Games Depending on your teaching objectives and current course workload you may select options that will take from NO class time with minimal student homework to more extensive involvement.All exercises and games are AUTOMATICALLY GRADED Here are the major CHOICES • 1. Simulation Exercises Only: activelearning of concepts • 2. Games Only: managing firms, applying concepts, competing • 3. Combination of Simulation Exercises and Games NEXT: Difference between Exercises and Games?
INCORPORATING THE SIMULATION Exercises and/or Games WHAT ARE THE DIFFERENCES? SIMULATION EXERCISES: Students learn specific microeconomic concepts by playing a set of controlled exercises by topic area in a dynamic environment utilizing the simulation. Students observe marketplace results and are graded on how well they comprehend economics, NOT their firm’s performance. TIME: From 30 to 60 minutes for each exercise topic which contains a set of actions/questions. Automatically graded. SIMULATION GAMES: Simulation Games enable students to apply multiple topics they have learned by managing a firm to maximize profits within a specific market structure. There are learning levels for each game so it can be used for introductory to advanced courses. Students may compete against computer managed firms, other students or a combination of both.TIME: average of 15-30 minutes per period of play. Assuming a 4 period game, a total of 1-2 hours should be allowed (may be over 1-2 weeks). Automatically graded. NEXT: HOW TO SELECT EXERCISES
ASSIGN SIMULATION EXERCISES All are Automatically Graded Understand the majoreconomic concepts first. NEXT, lets see the LearningObjectives That’s easy, all I do is select the topics I want, due dates & decide if it is practice or graded. Then learn the Market structure’s behavior.
CHOICE 1. INCORPORATING ONLY THE SIMULATION EXERCISES These simulation exercises are great because they require “active learning”, involving dynamic market environments. Click here Cool dude, but can we play one game?
CHOICE 2. INCORPORATING ONLY THE SIMULATION GAMES Simulation Games have learning levels and can be made very simple or more advanced. Yet they all share some Common Objectives AUTOMATICALLY GRADED Common Objectives • Making economics relevant • Motivating students • Applying microeconomic analysis to make decisions to maximize profits. • Comprehending how each specific market behaves & reaches equilibrium • Sharpening critical thinking skills • Practicing the decision making process Click Here Deciding Which Game to Choose
2. SELECTING SIMULATION GAMES Here is a matrix to help you select the game or games that are right for your course. Next, click here for suggestions on combinations of Games & Exercises The matrix does NOT include games for learning levels 4 and 5. • Making economics relevant • Motivating students • Comprehending how each specific market behaves & reaches equilibrium • Sharpening critical thinking skills • Practicing the decision making process Simplest More advanced
CHOICE 3. Combination of Simulation Exercises and Games If time permits we recommend a combination of Simulation Exercises & Games. Students are more motivated to do well when they know a game is coming Simulation Involve Multiple Topics in a Competitive Environment GAMES EXERCISES Clarify Specific Topics in a Dynamic Environment A POWERFUL COMBINATION!
CHOICE 3. Combination of Simulation Exercises and Games Because of time constraints & different teaching objectives, only you can decide which simulation exercises & games FIT BEST FOR YOUR COURSEbut we can offer suggestions NEXT: Click Here FOUR SUGGESTIONS FOLLOW TO HELP GUIDE YOU • Limited Time and Simplest Game • Limited Time and Game with Supply & Demand decisions • Time for Two Games with different market structures & related exercises • Long Run Decision Making with Simplest Game
3. Combination of Simulation Exercises and Games 1. Limited time & Simplest Game Supply side focused in theshort term with fixed plant size. Suggested Selections Learning Level Chart excludes level 4 & 5
3. Combination of Simulation Exercises and Games This choice accomplisheda lot by having both demand& supply but it is also short term focused with a fixed plant size. 2. Supply & Demand concepts with LIMITED TIME & only ONE GAME Suggested Selections Learning Level Chart excludes level 4 & 5
3. Combination of Simulation Exercises and Games This is my favorite choicebecause many concepts learned in the exercises can be applied to BOTHmarket structure games. 3. Time for TWO GAMES with different market structures Suggested Selections Learning Level Chart excludes level 4 & 5
3. Combination of Simulation Exercises and Games 4. Long Run Decision Making with SIMPLEST GAME Game includes only supply side decisions making it easier for long term analysis. Suggested Selections Learning Level Chart excludes level 4 & 5
GUIDED TOUR INCORPORATING THE SIMULATION Exercises and/or Games DONE ! That completes this guided tour THERE ARE ALSO GUIDED TOURSOF a few SIMULATION GAMES & EXERCISESand an Instructor Manual OR JUST REGISTER & TRY THE SIMULATION BY CLICKING ONwww.btmgame.com