Transcript JA Titan – An Economics Simulation

JA Titan – An Economics
Simulation
Nickie Sattler
EDT 631
The Problem……
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It is the year 2030. You are the CEO of a
company which produces the HoloGenerator™.
Your mission…….
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To outsell, outwit, and outlast the competition
by having the highest Performance Index of all
teams.
Student Roles
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Students are given the role as co-CEO’s of
their company.
Class is split into groups of 2-3.
Students will apply what they have learned
in the Economics class towards this
simulation.
Decisions to be made….
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Price of Product
Production Level
Marketing Costs
Capital Investment
Level
Research and
Development Costs
Fidelity Issues
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Content
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Decisions match the current
issues facing all companies
who are producing a
product.
Context
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Outcome change based
upon decisions made by the
team
Receive guidance from
“Corporate Assistants”
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Process
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Work through “Trial and
Error”
Decisions and Choices
Random and Uncontrolled
Events
Mathematical Relationships
Varying Risk
Shortcuts and Setbacks
ODE Academic Standards
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TSWBAT…..
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Explain the effects of shortages and surpluses on prices (SS –
Gr. 11 Economics)
Work collaboratively on online projects to research and
problem and disseminate results ( Tech – Gr. 9 Technology
and Communication Applications)
Use marketing to establish a product’s viability and identity,
conduct research on its potential, advertise it and sell it.
(Tech – Gr. 10 Design)
Explain how technological development is influenced by
many factors, including profit incentive and market
economy. (Tech – Gr. 10-12 Nature of Technology)
The Game….
Worksheet
Quarter 1 : PI =
Effect
Quarter 4 : PI =
Changes in Price per Unit
Changes in Price per Unit
Changes in Production Level
Changes in Production Level
Changes in Marketing Costs
Changes in Marketing Costs
Changes in Capital Investment
Changes in Capital Investment
Changes in R&D Costs
Changes in R&D Costs
Quarter 2 : PI =
Effect
Quarter 5 : PI =
Changes in Price per Unit
Changes in Price per Unit
Changes in Production Level
Changes in Production Level
Changes in Marketing Costs
Changes in Marketing Costs
Changes in Capital Investment
Changes in Capital Investment
Changes in R&D Costs
Changes in R&D Costs
Quarter 3 : PI =
Effect
Quarter 6 : PI =
Changes in Price per Unit
Changes in Price per Unit
Changes in Production Level
Changes in Production Level
Changes in Marketing Costs
Changes in Marketing Costs
Changes in Capital Investment
Changes in Capital Investment
Changes in R&D Costs
Changes in R&D Costs
Effect
Effect
Effect
Culminating Activity
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Students will create a PowerPoint
presentation explaining the results of their
experience.
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Students will share what strategies worked
for them and what didn’t.
Grading Rubric (Tech side only)
CATEGORY
Attractiveness
4
Makes excellent use
of font, color,
graphics, effects, etc.
to enhance the
presentation.
Requirements
All requirements for
All requirements for
One requirement for
Economics class are Economics class are Economics class
met and exceeded.
met.
was not completely
met.
Amount of
Information
All topics are
addresssed and all
questions answered
with at least 2
sentences about
each.
Content
Covers topic in-depth
with details and
examples. Subject
knowledge is
excellent.
Quality of Information Information clearly
relates to the main
topic. It includes
several supporting
details and/or
examples.
Organization
Content is well
organized using
headings or bulleted
lists to group related
material.
3
Makes good use of
font, color, graphics,
effects, etc. to
enhance to
presentation.
All topics are
addressed and most
questions answered
with at least 2
sentences about
each.
Includes essential
knowledge about the
topic. Subject
knowledge appears
to be good.
Information clearly
relates to the main
topic. It provides 1-2
supporting details
and/or examples.
2
Makes use of font,
color, graphics,
effects, etc. but
occasionally these
detract from the
presentation content.
All topics are
addressed, and most
questions answered
with 1 sentence
about each.
1
Use of font, color,
graphics, effects etc.
but these often
distract from the
presenation content.
More than one
requirement for
Economics class
was not completely
met.
One or more topics
were not addressed.
Includes essential
information about the
topic but there are 12 factual errors.
Content is minimal
OR there are several
factual errors.
Information clearly
relates to the main
topic. No details
and/or examples are
given.
Information has little
or nothing to do with
the main topic.
Uses headings or
Content is logically
bulleted lists to
organized for the
organize, but the
most part.
overall organization of
topics appears
flawed.
There was no clear or
logical organizational
structure, just lots of
facts.
Debriefing questions
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How did this simulation differ from what
you expected?
Has your opinion changed regarding
marketing and pricing of products you
currently own or would like to have?
How does this experience relate to your
career plans and interests?
Extensions and Adaptations
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Top two groups to compete against School
Administrator (former Economics teacher)
and Economics teacher.
Pair up those student who are stronger
with technology with ones who aren’t.
Some groups of only one student for those
who work best alone or may excel in both
classes.