Beat the Market Simulation: A Self-Study Business Economics Game

Steven Gold

Abstract


An innovative self-study simulation pedagogy is demonstrated with direct audience participation using an online business economics game called Beat the Market in which students “learn by doing”, on their own and at their own pace, without the necessity of direct involvement by the instructor. The simulation self-study consists of a set of games that place students in different market environments from highly competitive to highly concentrated. The simulation has an automated consultant that provides feedback to the student players on problem areas and factors to consider to improve after each decision period. Courses that may find this simulation pedagogy beneficial would include large classes such as introduction to business or economics.

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