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| Strengths: |
This simulation is simple to run. The concepts needed by the students to make
their decisions are straightforward. The impact of their decisions should be
obvious and rational to them, and the impact on their subsequent decisions
should be predictable.
As long as the students are conscientious, the desired outcome (limited
production but cheating among cartel members) should be achieved fairly quickly.
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| Concerns: |
The demand curve is assumed and fixed during the simulation. The simulation
doesn't demonstrate why that curve should be downsloping. It will demonstrate
that reductions in supply will increase prices, but that assumes that the demand
curve is fixed and downsloping. The assumption about the demand curve should be
explained to the students, as well as why that curve should be downsloping.
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Potential Effectiveness as a Teaching Tool |
Rating:  |
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| Strengths: |
This simulation should work well. And it should be fun for the students as well.
Depending on the attractiveness of the prizes, the teams could become quite
competitive. It more than adequately gives the instructor the ability to teach
students how cartels and competition works.
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| Concerns: |
None
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Ease of Use for Both Students and Faculty |
Rating:   |
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| Strengths: |
This is a simple, easy to perform simulation. Almost no technology is required.
It would be helpful for students to have read the instructions before class, but
even that would not really be necessary.
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| Concerns: |
Some discussion of the shape of demand curves should precede the simulation.
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| Other Issues and Comments: |
Although little technology other than an overhead projector is needed, a
computer projection system with a spreadsheet to keep track of the production
and financial performance of the companies after each round would further
stimulate the competition.
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