The H. Kenneth Barker Center for Economic Education

Simulations

Economic Simulations Online

Currency Exchange Market Simulator

Subject Area: Math, Business, Government, and Economics

Description: The Currency Exchange Market Simulator is an Internet Playable, Multiplayer, Real-time Simulator with many features:

  • Up to 255 Players.
  • Unlimited and Timed games.
  • Post-game statistics including exchange rate change over time.
  • Real-time chat with the other players.

Grade Levels:9-12

Link: http://academics.hamilton.edu/economics/home/HCMCEMS/Currency.htm

Market.econ

Subject Area: Economics

Description: Market Econ is dedicated to running economic experiments online. We'd like you to participate in our economic simulations. We think you'll find them fun and interesting, and we sometimes invite our participants to play for real money!

Grade Levels: 9-12

Link: http://market.econ.arizona.edu/default.asp

Charles Holt’s Teaching Interests

Subject Area: Government, Business, and Economics

Description: There is a close tie between my experimental economics research and my teaching philosophy. Learning is too often passive in economics, with a vast difference between abstract (but powerful) theoretical models and the busy nature of everyday economic activity. Claims about the efficiency of decentralized market-based economic activity fall flat when justified by mathematical proofs based on strong assumptions, like infinite numbers of traders. Putting students into the roles of market traders and strategic decision makers lets them see market efficiencies for themselves, alongside other experiments that reveal the large potential inefficiencies of non-market allocations (e.g., "rent-seeking") and market failures. These experiments increase the confidence of both students and their instructors in what is being taught and learned.

Grade Levels:9-12

Link: http://people.virginia.edu/~cah2k/teaching.html

Gazillionaire III

Subject Area: Business and Economics

Description: Gazillionaire is the award-winning simulation game. Explore new worlds, build your business, and make a fortune. Gazillionaire is full of memorable characters and exotic places to visit. You'll run your own company, manage a feisty crew, and, if you're clever enough, make billions of kubars!

Grade Levels:6-8 and 9-12

Link: http://www.lavamind.com/gaz.html

Building Interactive Economic Models with Excel

Subject Area: Economics

Description: This link will provide access to simulations that use excel to discover the effects of international trade and various trade policies on a domestic monopoly producer. It’s quite a bit more complicated than simple supply and demand. It should be a useful example to illustrate how a more complex economic model can be simulated numerically and presented graphically. There is also a trade war simulation that looks quite sophisticated and simulates reaction functions in a game theoretic model.

Grade Levels: 9-12

Link: http://www.26econ.com/building-interactive-economic-models-with-excel/

Money Might

Subject Area: Personal Finance

Description: Explore real life situations while testing your financial skills by playing Money Might—a fun and easy game that places you in the seat of a financial planner.

Can you successfully meet the financial challenges put forth in the simulation? There’s only one way to find out.

Grade Levels: 6-8 and 9-12

Link: http://studentcenter.ja.org/aspx/PlanFinances/MoneyMight.aspx

Count On It!

Subject Area: Personal Finance

Description: Learn the time-tested laws of wealth that can change your future, right here!

Personal finance is important to every family. The activities contained in this section of the site are sure to enhance your understanding of the ever-important subject. Students can assess what you know, review what you've learned, all the while gaining an immense amount of knowledge on how to successfully manage your money.

Grade Levels: 6-8 and 9-12

Link: http://studentcenter.ja.org/aspx/PlanFinances/CountOnIt.aspx

Kids$ave

Subject Area: Math and Personal Finance

Description: A unique and innovative kids' savings and money management software program for busy parents who want to teach their children about money...how to save it, how to spend it, and how to manage it wisely.

  • keeps track of allowance so you don't have to
  • help grow your child's Account with interest and matching rewards
  • set up individual Accounts for all your kids
  • kids can see how they're spending money
  • kids explore their future savings account value
  • guides kids in creating personal financial goals

Grade Levels: K-5

Link: http://www.kidnexions.com/

It All Adds Up

Subject Area: Personal Finance and Economics

Description: Play online games and simulations to learn about credit management, buying a car, paying for college, budgeting, saving and investing.

Grade Levels: 6-8 and 9-12

Link: http://www.italladdsup.org/

National SMS

Subject Area: Business and Economics

Description: The SMS (Stock Market Simulation) is the web's most comprehensive online trading game for your high, middle, and even elementary school students. With the SMS: students can trade stocks, bonds, mutual funds, and commodities such as gold, silver, crude oil, and pork bellies. There is a toll free customer service number for you and your students. A new trading period begins every other week so you can choose a trading period that best fits your schedule. Weekly historical data as of each Friday.

A toll free fax version / back up in case your internet goes down your students are still able to trade.

Grade Levels: K-12

Link: http://www.nationalsms.com/

Street Sage

Subject Area: Economics and Personal Finance

Description: Perfect for high school classrooms, StreetSage reinforces a long-term investing perspective, the importance of diversification and the corrosiveness of day trading. With StreetSage, students understand that stock research should be conducted to answer the question of how a stock will perform over the next few years, not the next few weeks. Through persistence, a proper approach, and the miracle of compounding over time, we believe that young people can substantially and positively change their future. StreetSage aims to compel students to reach out and grab this spectacular opportunity.

Grade Levels: 9-12

Link: http://www.streetsage.com/

The Stock Market Game

Subject Area: Personal Finance, Business, and Economics

Description: The Stock Market Game™ (SMG) gives students the chance to invest a hypothetical $100,000 in an on-line portfolio. They think they're playing a game. You know they're learning economic and financial concepts they'll use for the rest of their lives.

Grade Levels: 6-8 and 9-12

Link: http://www.smgww.org/

Hands-on Banking

Subject Area: Personal Finance

Description: Hands-on banking is a free, fun financial education program that presents the basics of smart money management in an easy-to use format. Topics include budgeting, the importance of saving, bank accounts and services, borrowing money and establishing credit, investing, and more. The curriculum is customized for four age groups from 4th grade through adults.

Grade Levels: 4-4, 6-8, and 9-12

Link: http://www.handsonbanking.org/

Stock Contest

Subject Area: Personal Finance

Description: Students are given $100,000 in Monetta bucks to play with. During each contest they pick between the stocks in 1% increments. Each contest will last 6 weeks.

Grade Levels: 6-8 and 9-12

Link: http://www.monetta.com/game.htm

Mini Society

Subject Area: Economics and Social Studies

Description The Mini-Society® curriculum is an experience-based approach to teaching entrepreneurial, economic, and citizenship concepts to youth ages 8 - 12 years. Developed by Dr. Marilyn Kourilsky, a professor at UCLA, the curriculum is implemented in 43 states and has been tested and refined for three decades.

 The program has been endorsed by the United States Department of Education. Programs must be planned for youth to participate in 25 hours of Mini-Society®.

 During Mini-Society®, youth will establish their own society, print their own money, open businesses, and create their own government. This experience helps children understand more about entrepreneurship, economics, government, law, math and ethics. Mini-Society® facilitator training provides all items necessary to implement Mini-Society®.

Grade Levels: 1-6

Link: http://www.clemson.edu/fyd/mini_society.htm

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