Vol. 4, No. 1, Summer 2009
| New International Game with Real-Time Conditions We have created a new international corporate management game that includes real-time economic conditions. By real-time, we mean the economic index for each region is tied to the stock market in that region and the exchange rates reflect the actual rates that exist on the day of processing. In response to this economic uncertainty, students can try their hand at hedging and speculative investments in foreign currencies. As the stock market moves up or down in each region, so does demand. Also, the in-country costs of doing business are tied to currency trends. For example, when the euro increases in value relative to the dollar, the cost of operating a sales office in Europe, doing advertising, employing factory workers, building a factory, etc. increase. But in Brazil or Canada, the opposite might be happening. Because of these currency fluctuations, the students might want to engage in currency hedging or speculation. The students can purchase the currency in each of the regional markets in order to manage their costs in the future in these regions, or they may wish to take advantage of the growing value of another currency and make speculative purchases. All of these conditions are designed to encourage students to study and track economic conditions around the world and project their impact on the markets in which they compete. To help them, the game includes daily numbers on five stock markets and currency values. They can also consult real economic web sites (Financial Times, Wall Street Journal, etc.) from within the game to learn what the experts think about the future.
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