Macroeconomics is like a zoo, and microeconomics is like each exhibit.
Tuesday, 10 January 2012
Games about the Economy & Marketplace
I decided to play the McDonald's Video Game & Dinner City. The McDonald's game allows you to manage the cows/grain (supply) and the sales of the burgers with numerous customers. The Dinner City allows you to manage your business and the decisions you choose. I found it interesting when you make a move it affects the whole business. The price influences your decisions to buy certain additions to a business. If you are able to increase your seats of your restaurant by 2 and it increases your revenue by $5 for a price of $400 it could be worth it in the end. One must spend money in order to make money. To increase the demand of the products can be done by advertising, see what the customers preferences are and see the prices of similar products to yours. To increase the supply is done by researching the number of suppliers for the products, the prices of the resouces to make the products and the future agreements of suppliers. A couple tips: I found that if I rewarded my employees they kept working without any issues. I also found that there were some threats at my restaurant from the global environmentalists. I hired a politician to keep it the issues/threats under the raps. Both games allowed a more rounder/fuller picture of the challenges that an economic system/ Diner City/ McDonalds face from managing the supply and sales of the products.
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