Final Results – Will World — Updated!

10 06 2011

As a teacher I tell my students not to rush through their work and to make sure they don’t make silly errors. That is just what I did. In my rush to finish off the final round of the simulation, I forgot to change the cycle in the database for the final repayment of your investments.

Any company who bought a GIC in the 7th cycle had that amount re-deposited to their account and any company who did invest money in the 8th cycle did not have it put back into their accounts. The corrected numbers are below. I’ve left the old graphs up, after the jump. The correct numbers are directly below. Sorry for the mix up and thanks to Dimitri for spotting the discrepancies.

Magnum Corp  $33,982.98
CDSquaredK  $31,071.68
Mangoe Inc  $26,139.91
Unicorn Inc  $25,717.80
SINJ Enterprises  $17,010.91
Little Green Truck Inc.  $12,857.52
Dunder-Mifflin  $  4,147.50
Weyland-Yutani  $  2,581.20
Wolfram & Hart  $  2,359.31
Blue Sun Corporation  $  2,001.25

Read the rest of this entry »

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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 😉




Simulation Round 7

27 05 2011

We will play one more round after this one.  Keep that in mind when making decisions.

Your results for round 6 were emailed to you last night.

All pricing, purchasing and production decisions must be completed by end of class at 10:20. Purchases of energy and raw material can be made online through the production decision form.  Reputation point tasks are due by midnight tonight.

The sales tax will be added to your price and Willians will make their purchase decision based on that price.  When you receive your revenue it will be at the unit price you enter into the decision form.

Example:

If you decide on a price of $1, it will be entered into my sales formulas at $1.08 as the price Willians pay.  You will earn $1 per item sold.

Reputation Points due by Midnight tonight

  1. Draw a supply and demand graph for Lyons in cycle 6.
  2. Make three predictions for the economy in cycles 7 &8.




Simulation Round 6

20 05 2011

Will World Round 6

You may have unsold inventory this round.  It could mean your price was too high, it could be you are not popular enough to sell the quantity of goods you produced or it could be a combination of the two.

If you sold everything, you might be pricing your goods too low.  Read the articles on Will Words for hints.

You keep any unsold inventory from the last round.  It is available for sale again this round.  Macs and Lyons don’t expire.

We will play two more rounds after this one.  Keep that in mind when making decisions.

Changes this round

DunderMifflin Auction – DunderMifflin has gone bankrupt and Cuttlebank is auctioning off the remaining assets of the company.  See Will Worlds for more detail.

Government Buy Back of a Pollution Credit – The government is prepared to buy one pollution credit from one company.

Tax Proposals – The government is proposing several tax initiatives.  Remember to vote for your preferred option.

Reputation Points due by Midnight tonight

  1. Draw an AD-AS graph of the Will World Economy.
  2. Respond to rumours of price fixing in the plus market place by writing an article for Will World Words
  3. Argue for or against a specific tax proposal. Arguments could be in the form of a political cartoon, article, ad, editorial or anything else that is appropriate.
As always, post your pricing and production decisions here.




Will World Round 5

19 04 2011

You may have unsold inventory this round.  It could mean your price was too high, it could be you are not popular enough to sell the quantity of goods you produced or it could be a combination of the two.

If you sold everything, you might be pricing your goods too low.  Read the articles on Will Words for hints.

You keep any unsold inventory from the last round.  It is available for sale again this round.  Macs and Lyons don’t expire.

Changes this round

Effective immediately all manufacturers in Will World will be required to hold pollution credits to reduce the amount of air pollution generated by their manufacturing operations.

Every firm will be issued 10 credits.  Each credit allows you to pollute 1 increment’s worth of pollution per round.

If you wish to pollute beyond your given credits you have three choices:

  • Buy credits from another company
  • Bid on additional government issued credits
  • Buy equipment to clean your emissions

Any firm found producing beyond their pollution allowance will be heavily fined.

The government will auction off an additional 50 credits in 10 credit packages.  The credits you purchase are yours until the end of the game.  You can sell your credits to other companies during the game just remember to clear your transaction through CuttleBank.  Bidding will be completed online.  Every five minutes a package of 10 credits will the issued on the Will Words site beginning at 10:55 am.   You may enter bids at any point during those 5 minutes.  At the end of the 5 minutes the price and buyer will be announced.

Market Research Available

See Will Words for more details.

Reputation Points – Due by Midnight Tomorrow

To earn more reputation points, write an article for the Will World Words explaining your firm’s reaction to the new pollution credit system.  Send the email to the Will Words email account.

You can also earn reputation points by calculating your per increment profit for each type of good you produce.  Remember to include all costs.  You should also add a portion of any marketing costs to each increment (hint: take your total marketing costs and divide by the total number of increments you produce).  Complete your calculations in a google spreadsheet and share the file with me.

Post your pricing and production decisions here.





CDsquaredK Quarterly Report

1 04 2011

https://spreadsheets.google.com/ccc?key=tKga54hOyjVMXTSRcaVJ9Mg#gid=0





Little Green Truck Inc. Quarterly Report

1 04 2011

The Link: https://spreadsheets.google.com/ccc?key=tEHFWXICBzOXn76BFJtoa1g#gid=0