MICROECONOMICS
MANAGERIAL AND BUSINESS ECONOMICS
INTERACTIVE SIMULATIONS
for teaching and experiential learning
at High Schools and Colleges
What we provide
Our online economics simulation games provide a method of teaching and learning economic concepts that students find much more meaningful & exciting while building critical thinking skills. Students manage a firm competing against each other and/or computer managed firms, individually or in teams, in a variety of market environments. Using experiential learning, students “learn-by-experience” how key economic principles impact profitability based on their firm’s decisions relative to the marketplace and economy. Some key features include an ONLINE CONSULTANT to help students during the game, FIRM PERFORMANCE RANKING motivating students to improve, and AUTOMATIC GRADING based on profitability.
WHAT OUR USERS SAY ABOUT US
University of South Carolina at Beaufort
As for the BTM Simulation Game, it was by far the most popular component of my Microeconomics course at USC-B. The design of the game allowed me to demonstrate to the students the decisions/results of their decision-making and they were able to translate concepts and theory into actual business situations. Moreover, the structure of the simulation made it very easy to use in a large class setting (normally around 50 students). Administration of the BTM Game was straightforward, the tutorials were very effective, and the students adjusted quite nicely to playing the game. I used the multi- player option with students organized in teams and we played over eight time periods (quarters). Team rankings were used as a part of my course grade. I would recommend the BTM Game to anyone teaching a basic microeconomics course- it would be effective in both undergraduate and graduate level courses.
Indiana University Southeast
I love using the Beat the Market simulation. For me, it's about application. Students are learning about Price elasticity & profit maximization, but it doesn't really "hit home" or make sense until they utilize these ideas in the simulation. The students learned what MC=MR is really about. because the decisions they made in the game had demand & profit consequences.
Oklahoma City University | Meinders School of Business
Beat the Market games are great for helping students understand different market structures. Overall, I have persisted in using Beat the Market in my intermediate microeconomics class because it has, in my opinion, significantly improved the economic understanding and quantitative skills of my students relative to other methods I have tried. An added benefit is the enthusiasm of students to participate in the games. They enjoy it quite a bit.
St. Gregory’s University
I have used the Beat the Market business simulation in both graduate and undergraduate micro courses and I found the product to be overwhelmingly helpful in reaching the students and helping them to understand the material. I highly recommend this product to any instructor desiring to step up their game!
Columbia High School and Lorain County Community College
I have been using BTM (Beat the Market) for about a decade now with my college classes and at Columbia High School. I find the simulation to be incredibly beneficial in Microeconomics. It allows the students to engage in running a business, where their decision-making -- based on core economic concepts -- incites maximum effort from the students with respect to calculating elasticities critical to optimal decision-making, as well as a better understanding of macro variables impacting the economy. I recommend BTM without reservation, as it has made a remarkable difference in my student’s mastery of the overall material in Microeconomics.
Lander Valley High School
The Beat The Market Simulation has been very beneficial for my Senior Economics students at Lander Valley High School. We have used the simulation over the last 10 years and students report that it is great at cementing the concepts of Price Elasticity, Supply, Demand, Market Pricing, and competition. Students report that it is their favorite activity of the semester each school year.
Learning-by-Doing
With Economic Simulation Games
A guided tour of an example game highlights the basic steps to play the simulation game. It explains how to enter decisions, the reports provided, and how performance is measured. We recommend you view the following guided tour to better understand what is involved in playing the game.
OUTSTANDING REVIEW BY MERLOT
Multimedia Education Resource for Learning and Online Teaching
“Exceptional gaming simulation that students can interactively learn the microeconomic cause/effect relationships
and learning outcomes. Very engaging and effective game simulation for students in high school to college”
Top 5-star rating in all categories
Potential Effectiveness as a Teaching Tool
Content Quality
Ease of Use for Students & Faculty
SIMULATION PRODUCTS
How to Integrate the Simulation into your class
Example Course Outlines
In order to help you design a schedule for use during your class,
Example course outlines were developed for a
capstone approach to a more fully utilized approach throughout the class.
