Simulation Round 8 and Final Assignment

9 06 2011

Company standings after 7 cycles…

We have a close race for 1st and a close race for 3rd.

For the final round, the only decisions you need to make are purchasing, production and pricing decisions.  There are no reputation points available in this round.  All decisions can be entered here.

Decisions must be made by 11am so I can publish the final results by the end of class.

Final Assessment

There are three parts:

  1. The value of your company
  2. Your group response
  3. Your individual response
Group Response
Describe the best decision your company made, explain why this is the best decision and how it helped your company succeed.  Be sure to include economic concepts and terminology in your description.
Describe the worst mistake your company made, explain the effects it had on your results and what you would do differently if you could change your choices.

Criteria

Insufficient Evidence

Limited

Adequate

Proficient

Excellent

Exemplary

Best Decision – Evidence of Critical Thinking

  • Choice of best decision is accurate and reflects thinking into choice made during the game.
  • Description and explanation consider alternative outcomes and consequences of decision

0

2

3

3.5            4

4.5

5

Worst Decision – Evidence of Critical Thinking

  • Choice of best decision is accurate and reflects thinking into choice made during the game.
  • Description and explanation consider alternative outcomes and consequences of decision

0

2

3

3.5            4

4.5

5

Economics of Decisions – Evidence of Understanding

  • Choices and descriptions demonstrate an understanding of the economics of Will World

0

2

3

3.5            4

4.5

5

Total

/15

Individual Response
Each group member should make either a substantive suggestion for improving the game (playing more or less often does not count) or provide a piece of advice for next year’s economics students.
There should be no duplicates in either the suggestions or advice within your group. (ie talk to each other about what you will write about).

Criteria

Insufficient Evidence

Limited

Adequate

Proficient

Excellent

Exemplary

Evidence of Critical Thinking

  • Advice or suggestions are relevant, applicable, reasonable and not superficial.

0

2

3

3.5              4

4.5

5

All questions can be submitted either on google docs (share and email me the link) or emailed to me by 9am on Sunday.
Some more information to help you with your analysis (or for bragging rights 😉