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Modern Electronics : Teaching Economics to High School Students with a System Dynamics Simulator

Modern Electronics : Teaching Economics to High School Students with a System Dynamics Simulator. Gary B. Hirsch International System Dynamics Conference New York July 23, 2003. Goals of the Modern Electronics Simulator. Make Economics Less Abstract by Relating It to a Familiar Setting

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Modern Electronics : Teaching Economics to High School Students with a System Dynamics Simulator

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  1. Modern Electronics:Teaching Economics to High School Students with a System Dynamics Simulator Gary B. Hirsch International System Dynamics Conference New York July 23, 2003

  2. Goals of the Modern Electronics Simulator • Make Economics Less Abstract by Relating It to a Familiar Setting • Introduce ST/SD Concepts, Especially Interrelationships Among Parts of a System • Use Simulation as an Opportunity for Experiential Learning--Do Experiments, Construct Understanding • Expand on Simple Economic Concepts • Decisions Are Multifaceted • Selling is a Complex Process • Availability, Selection Can Be as Important as Price

  3. Design Principles • Provide Overview to See Whole System at a Glance • Create Ability to Drill Down, Get Into More Detail in Specific Areas • Closely Relate Structure and Behavior • Provide Information in Multiple Formats to Support Different Learning Styles • Support Iterative Learning by Comparing Results

  4. Modern Electronics: Business Basics • Consumer Electronics • Average Price = $100 • Medium Range of Merchandise (Variety) • 3 Staff • Start with $200,000 in the Bank and $50,000 in Inventory

  5. Future Development • Testing with Students, Evaluation, Modification • Better graphics, animation, voice-overs, multimedia through links with such packages as Flash • Curriculum for using simulator to teach SD (including model decomposition) • Application of Vensim’s Synthesim capability • Other applications to economics • Manufacturing firm • Market simulations • Simple national economic models • Economic issues such as poverty and unemployment

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