TAKS 5: Video on ICT and Economics

This summer I heard about this iniciative of some lecturers at the Australian Business School, who have found that the fastest route to a student's brain is to use a computer game that plays out the theory of economics. It is an online game that sets up economic environments and allows students to interact with other agents, make economic decisions and analyse the outcomes. 

Students can play the game in their own time, on their own devices and can progress at their own speed. It uses both intuitive and academic concepts, which are accurately treated. The ideas arise from interestin laboratory experiments. 

Although is a very specific technique and very expensive to produce, I think that this type of simulation environments are quite useful when teaching economics where many variables are involved in a particular output of a decision.