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4434Economics Online Simulation Game: Beat The Market for Perfect Competition, Monopoly, Monopolisitc Competition & Oligopoly
http://www.merlot.org/merlot/viewMaterial.htm?id=294347
Beat The Market ONLINE is an interactive set of simulation games and exercises for active learning & teaching of economics in a new and exciting way. For games or experiments, students compete making decisions for profit maximization utilizing economic concepts in different market structures. For simulation exercises (drills and practice) they learn by topic (such as law of demand, shifts in demand,elasticity of supply & demand, short-run & long-run cost, short-run & long-run production, market equilibrium, price elasticity, etc). The simulation motivates students to learn, makes economics relevant and improves critical thinking skills.All games and exercises are automatically graded, with an online Gradebook. An online tutor acts as a consultant and helps guide students. Ideal to support lectures and presentations. Students compete in teams or individually, against each other (multi-player games) or computer managed firms (single player games). It has "learning levels" which the Instructor selects to make the games simple or complex. Therefore it is used at the High School and College levels for Introduction to Economics, Principles of Microeconomics, Managerial Economics, Intermediate Economics and MBA economics and as a business management simulation.Interactive graph of the aggregate supply and demand model
http://www.merlot.org/merlot/viewMaterial.htm?id=395182
The purpose of this interactive multimedia material is to enable students to learn and comprehend the cause-effect relationship in the full aggregate demand and supply (AD/AS) model and the observe the adjustment of the economy in the short and the long term. The program assumes that students are already familiar with the underlying concepts of the graphic representation of the AD/AS model. The tool also has a number of simple case studies that illustrate the capacity and limits of the model and explain certain real economic situations (both historical and recent).Market and enterprise in perfect competition
http://www.merlot.org/merlot/viewMaterial.htm?id=485003
This interactive tool explains the adjust in short and long term of the market and the enterprise under the theory of perfect competition. It allows the interaction of both dimensions and to see the equilibrium process in terms of profits, looses, prices, and exchanged quantities. The documentation includes graphs with explanations of the shifts, as well as exercises with feedback.Interactive graph of a competitive market
http://www.merlot.org/merlot/viewMaterial.htm?id=395352
The purpose of this interactive technical note is to help students to learn and comprehend the effect of changes in the variables of supply and demand in a microeconomic market assuming perfect competition. Students can interact with both curves and see the equilibrium process in terms of prices and quantities exchanged. The program assumes that students are familiar with the underlying concepts of the graphic representation of a market with perfect competition. For a better understanding of the main effects of the changes in the curves, this graphic resource allows students to make only one move per curve and does not envisage changes in the curves´ elasticity. Students can interact with both curves (demand and supply) either separately or jointly. There are also simple exercises that enable students to test their comprehension of how the market works and check their answers through interaction with the graphic.Microsoft Excel as a Visual [Basic] Teaching and Learning Tool
http://www.merlot.org/merlot/viewMaterial.htm?id=600836
This site shows some of what Microsoft Excel can offer as a programming environment for the creation of interactive teaching and learning tools.The available "interactive" Excel filesPrimarily for Undergraduates in an Experiments-based Course- Demand, supply and equilibrium - Unit tax - Prohibition - Labor market problems - Pollution - Long-run equilibrium - Productivity - Comparative advantage - BargainingPrimarily for More Advanced Microeconomics and Quantitative Work - Comparative statics - Preferences - Isoquants Contract curves - Walrasian equilibrium - Game theory - Statistics and probability - Financial Pure mathematics - PhysicsThe Inflation Rate: A Case Study
http://www.merlot.org/merlot/viewMaterial.htm?id=75531
This case study examines the monthly inflation in consumer prices and discusses future inflation. Also discussed are the causes of inflation and the impact of high inflation rates. Questions are provided for discussion and in this instructor's version, answers are also provided. There is also a student version and a printable version.Elasticity Lecture & Problems (Economics)
http://www.merlot.org/merlot/viewMaterial.htm?id=74382
Elasticity = Responsiveness: the elasticity of demand tells us how much the quantity demanded changes when the price changes. Read the lecture, then work the problems (Java applets tell you if you are right or wrong)Flash and QuickTime Movies for Principles of Microeconomics - Change in Demand
http://www.merlot.org/merlot/viewMaterial.htm?id=686018
This is part of a set of Macromedia Flash and QuickTime tutorials on demand, elasticity, circular flow and production possibilities models. This videos describes the difference between "change in demand" and "change in quantity demandedFlash and QuickTime Movies for Principles of Microeconomics - Change in Demand and Effect on Price
http://www.merlot.org/merlot/viewMaterial.htm?id=686025
This is part of a set of Macromedia Flash and QuickTime tutorials on demand, elasticity, circular flow and production possibilities models. This is a a crude model that shows the effect of a change in demand on priceBreak Even Analysis
http://www.merlot.org/merlot/viewMaterial.htm?id=77202
The objective of this simulation is to investigate the consequences on the break-even point, margin of safety and profit when there is a change in the revenue or cost conditions of the firm. The input variables include price, quantity, as well as fixed and variable cost components. The simulation is based on a deep sea specialist haulage company that works in the oil exploration sector. Also included are background information and study questions.