| Title | Economics hands-on. A simulation approach to learning microeconomics |
|---|---|
| Faculty/College/Unit | Sauder School of Business |
| Status | Completed |
| Duration | 2 Year |
| Initiation | 04/01/2012 |
| Completion | 12/31/2014 |
| Project Summary | “Tell me and I’ll forget; show me and I may remember; involve me and I’ll understand.” Economics hands-on involves a portal with simulation-based tools and resources to complement the traditional teaching practices used in economics and business courses. The ultimate goal of the project is to make economics intuitive and enhance the students learning of the complex interactions between market structure, competition, and firms’ profitability through a team-based and hands-on learning experience. We will achieve this by: 1) Providing free online pricing simulation games that replicate the economic dynamics of real markets. These games will be customizable according to the learning objectives and its use is not exclusive to the classroom. 2) Developing teaching material for instructors and business-case study. 3) Providing a hub for pricing resources that includes a blog, data from real markets, and related research studies. 4) Providing students with opportunities to apply their skills in an annual competition. |
| Funding Details | |
| Year 1: Project Year | Year 1 |
| Year 1: Funding Year | 2012/2013 |
| Year 1: Project Type | Small TLEF |
| Year 1: Principal Investigator | Mariano Tappata |
| Year 1: Funded Amount | 25,620 |
| Year 1: Team Members | Mariano Tappata, Assistant Professor, Strategy and Business Economics, Sauder School of Business |
| Year 2: Project Year | Year 2 |
| Year 2: Funding Year | 2013/2014 |
| Year 2: Project Type | Small TLEF |
| Year 2: Principal Investigator | Mariano Tappata |
| Year 2: Funded Amount | 18,308 |
| Year 2: Team Members | Mariano Tappata, Assistant Professor, Strategy and Business Economics, Sauder School of Business |