http://www.merlot.org:80/merlot/ A search of MERLOT materials Copyright 1997-2013 MERLOT. All rights reserved. Wed, 22 May 2013 01:14:37 PDT Wed, 22 May 2013 01:14:37 PDT http://www.merlot.org:80/merlot/images/merlot.gif http://www.merlot.org:80/merlot/ 44 34 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. 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. http://www.merlot.org/merlot/viewMaterial.htm?id=315197 The Virtual Learning Arcade is a series of models and simulations on various economics and business topics. Each simulation has a range of supporting materials including interactive worksheets, theoretical explanations and multiple choice questions. This simulation is based on how the price of a house is determined. http://www.merlot.org/merlot/viewMaterial.htm?id=315209 The Virtual Learning Arcade is a series of models and simulations on various economics and business topics. Each simulation has a range of supporting materials including interactive worksheets, theoretical explanations and multiple choice questions. This simulation is based around break-even analysis. http://www.merlot.org/merlot/viewMaterial.htm?id=315205 The Virtual Learning Arcade is a series of models and simulations on various economics and business topics. Each simulation has a range of supporting materials including interactive worksheets, theoretical explanations and multiple choice questions. This simulation considers when price discrimination may be worthwhile for a firm.