Monday, September 15, 2008

Simulation Game: Managing The Farm

Try to manage your own farm for about 10 years & see how much profit you can make. Before commencing the game, take this advice:

(a) Play with patience, be rational & do run some analysis. Apply all economic concepts you had learned in class e.g. elasticity, exchange rate factor etc

(b) Best if you can have a partner. One of you do the thinking, & another run the figures

Good luck!

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