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!
http://www.bized.co.uk/virtual/vla/farm/index.htm
Monday, September 15, 2008
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