Miniconomy at school: learn economics by doing!
Educational and fun
Miniconomy is both fun and educational, making it a fantastic resource for classroom use at no cost! You can incorporate it into lessons on economics, entrepreneurship, and Management & Organization, as well as subjects like social studies.Miniconomy is a serious game as it simulates a real-world economy, allowing players to experience the consequences of their economic decisions in a virtual environment. It promotes learning, critical thinking, and problem-solving skills, while also fostering an understanding of complex economic concepts and their impact on society. Students learn how to be an entrepreneur within a controlled environment.
Real economy
Miniconomy is a very extensive game and offers more than enough opportunities for the players to profile themselves in the market. All players participate in the same economy and thus compete with each other.Educational aspects
A few important eductional aspects of Miniconomy:- Trade in goods, stocks, property, and real estate
- Costprice calculations
- Balance sheets and income statements
- Marketing
- Supply and demand
- Competition
- Bank companies
- Financing
- Energy market
- Cooperation
Assignment for students
In a round of 3 consecutive weeks, your students can work independently with the game. The assignment is up to you, but can consist of, for example:- Creating a round report justifying actions taken
- Obtaining the highest possible net worth
- Drawing up a business plan
- Describe the different production columns
Student accounts
The educational adjustments make it possible to play Miniconomy with a group of participants, for example a class of students. The participants will simply participate in the regular game. The students are not recognizable as such in the game and are therefore simply part of the group of traders. However, student accounts will not be given the opportunity to engage in criminal activity from an educational perspective. The group leader can follow his or her class closely. Depending on the need for information and control, the teacher can follow the actions of the students and, if necessary, direct or encourage them. The group leader can have access to the student's extensive balance sheet and income statement. The group leader also receives a Miniconomy account, with which he or she can take a look at the world called Miniconomy and perhaps act or compete with the students.
Low system requirements
One of the primary advantages of browser games is their unparalleled device compatibility. Unlike traditional software that may require specific operating systems or hardware, browser games can be accessed on any device with an internet connection. This includes laptops, desktops, tablets, and even smartphones. This versatility ensures that students can engage with educational content anytime, anywhere.Browser games typically have low system specifications, making them accessible to a wide range of users. They do not require expensive graphics cards or advanced processors, ensuring that even older or less powerful devices can run them smoothly.
Step-by-step plan
- Register your school
- You will receive an email after checking and approving the registration
- Have your students sign in with the class code
- Students can now participate in an active round