Demo: Educational Benefits
Why is simCEO a "different type" of simulation?
- John Dewey
We invite you to view the chart that was displayed on the welcome page of this demo. The flexible nature of simCEO not only has advantages for learning business and investing skills, but allows for genuine enthusiasm and engagement in many subjects and for many different age levels.
| simCEO | Other Stock Market Simulations |
|---|---|
| Objectives: business and investing skills, as participants create a business, research, and manage a portfolio by buying/selling shares and utilizing banking options. | Objective: investing skills as participants use hypothetical dollars to invest in real companies |
| Use pre-set or customized assignments to have participants research about business and investing components at their level of understanding. | 1) To value companies, students must know terminology and complex ratios. 2) Participants must "outsmart" actual investors and analysts. |
| Companies begin evenly valued at $20.00 | Companies already fairly valued (according to their current share price). |
| Stock trading, deposits and loans are possible. | Students (generally) can only trade. |
| Trades influence the price of the companies. | Trades do not affect prices. |
| Instructor sets the simulation's environment and dictates changes in news and prices. | The environment of the simulation is fixed. |
| Relevant feedback: Work is evaluated by instructor, peers, and the public. | Limited feedback, work (if any) is handed into instructor only. |
| Encourages a long-term investment approach | To "win", investors must gamble to make significant gains in a short period of time. |
| Participants must create a business to thrive in a specific environment. | Participants do not create. Companies already exist. |
| Instructor flexibility: set the groups for each simulation, set the start and stop dates, create news that affects the simulation, customize assignments | Instructor has limited flexibility and interaction |
What makes simCEO such an effective learning resource?
1. Flexibility: From mission statements, to available natural resources, to PEG ratios, the instructor can customize the degree of complexity that will be covered during the simulation. simCEO also is flexible enough to provide easy connections to disciplines outside of ecomonics.
2. Relevance: simCEO puts students in a situation where they have to create, write, and reason for an authentic purpose - to demonstrate quality in an attempt to persuade others. Student work has more meaning than simply being graded by an instructor. Accordingly, the quality of student work is greatly increased compared to traditional assignments.
What are some of the high-level skills students apply while they are learning about business and investing?
- presenting information in an appropriate form for a specific audience
- asking essential questions and creating a business to meet pre-determined criteria
- presenting information in an appropriate form for a specific audience
- evaluating one's own and others' companies on pre-determined criteria
- analyzing a company when given multiple (and sometimes extraneous) information
- assessing self, peer, and instructor feedback in order to make improvements
Conclusion
This concludes the demo of simCEO. We hope you have come away with a solid understanding of how it works and why this simulation has so much to offer!
If you have further questions including cost , check out our FAQ section or feel free to email us at info@simCEO.org.