Transcript The Iowa Commodity Challenge Curriculum: Supporting an Online Market Simulation Game

Extension Risk Management Education National Conference
Denver
April 3, 2013
Steve Johnson
ISU Extension
Farm Management
Specialist
Ed Kordick
Commodity Services
Manager,
Iowa Farm Bureau
Presentation Objectives:
• Focus on Curriculum: Developed to
complement Commodity Challenge: an online
market simulation game
• Examples of Training Material/Methods
• Results and Lessons Learned
Training Methods:
• Marketing Tools Workbook: includes activities
• Website with pre-recorded educational
segments that accompany the Workbook
• Participant contact: at meetings and via e-mail
(Workbook Wednesday!)
Winter Pilot,
2010-11
3-Ring Binder
with inserts
Marketing Tools Workbook
2011 - 2012
2012
Marketing Tools Workbook
2012 - 13
Example
Activity
Example
Activity
Example: Planning and
Transaction Log
Example
Activity
Learn to use Elevator Websites
Education Objective: Track markets weekly:
Workbook Wednesdays !
Weekly Tracking Table through 2/6/13
Evaluation Results
• Over 300 participants since November 2011
• 57 returned online and end-of-meeting
evaluations
• Improved awareness of how cash, future and
option markets work
• Increased knowledge about marketing tools
• Learned new marketing skills by trading
futures and options without real financial loss.
Lessons Learned
• Self-directed learners benefitted the most
• Multiple ways to learn: totally online,
Workbook, webcast recordings, small groups
• Computers on site at first class to assist with
secure log-ins
• Weekly instructor e-mails to provide
participant encouragement and answer
questions
• Fits well over 15 weeks (semester course) or
mid-November to March (Ag Marketing Clubs)
Extension Risk Management Education National Conference
Denver
April 3, 2013
Steve Johnson
ISU Extension
Farm Management
Specialist
Ed Kordick
Commodity Services
Manager,
Iowa Farm Bureau