There is a new automated grading system for instructors available in Marketplace® Live Simulations.
The new system computes a grade for each team and student at the end of the exercise. The grade reflects how well the team has performed on the cumulative balanced scorecard relative to the performance of the other teams in that game universe, as well as against all teams that have ever played that game.
There are three options for the grading curve: easy, intermediate, and difficult. Instructors can preview the grades associated with each option before selecting the final setting. The default curve for the automatically calculated grades is difficult.
The automated grade can either be used as the final grade for the simulation or instructors can use the automated grade as a guide. Instructors wishing to make adjustments to a grade can do so in a column located next to the Automatically Calculated column.
Automatic grading is available in all Marketplace® Live levels, with the exception of Conscious Capitalism® and Introduction to Accounting and Finance. These levels are currently in the beta version and will be released at a later date.
The grading tab can be accessed from the Instructor Profile, in the middle of the page above the game table. When the link is selected, a new page will open. The first tab, Simulation Performance, includes the automated grading tool.
Additionally, in the Simulation Performance tab, instructors can view the Cumulative Balanced Scorecard, the Balanced Scorecard, and the Total Adjusted Time Spent [logged into the simulation] for each student. Instructors are also able to view these performance results by team.
Games against peers and against the computer are computed similarly, but with some differences.
For more information, contact ILS Technical Support at email@example.com or +1-865-522-1946.