Classroom experiments are a powerful tool for improving student engagement and retention in economics education. By allowing students to apply economic theory and test hypotheses in a controlled environment, experiments provide a hands-on way to explore real-world economic scenarios and understand course concepts. However, implementing experiments manually (paper and pen, deck of cards, etc…) can be challenging: especially when considering logistics, time, and the range of scenarios that can be tested. Instructors are often very busy with many responsibilities during lecture time and outside the classroom, so time is a scarce resource.
MobLab empowers instructors to deliver high impact interactive instruction with minimal time required.
MobLab empowers instructors to deliver high impact interactive instruction with minimal time required.Fortunately, there is a solution that makes it easier for instructors to incorporate active learning into their courses while engaging students in a fun and engaging way: MobLab Games. MobLab is an online platform that provides instructors and students with a library of interactive games (simulations) that cover a wide range of economic concepts. Our games are based on principles of economics, game theory and behavioral economics; enabling students to explore real-world economic situations that test their understanding of course concepts in an engaging way.
MobLab is a prime example, and market leader, of how technology can be utilized to facilitate economics experiments without instructors needing to have an experienced background in experimental design. By providing instructors with a simple-to-use platform that can be deployed in only a few minutes (not hours), they can easily incorporate interactive games and simulations into their classes.
One of the key benefits of MobLab is the ability to customize games and simulations to suit the needs of a particular course or classroom. Whether teaching AP economics, principles of microeconomics, or an MBA course, instructors can modify the rules of the games, change the scenario, or add their own content through MobLab Surveys to tailor the classroom experience to their students' needs. Even better, those experiences can be taught live in real time or asynchronously (as homework). This flexibility enables instructors to create a more personalized and engaging learning experience for their students without consuming a lot of time.
Another benefit of using MobLab is the data and analytics that it provides. Instructors can use MobLab to track student progress, identify areas where students may be struggling, and adjust their teaching accordingly. This data can also be used to inform future experiments and improve the overall learning experience for students.
Results Table from MobLab’s Competitive Market Game showing the Equilibrium at the top and the Average Price of the market on the bottom.Classroom experiments are a powerful modern tool for improving student engagement and retention in economics education. MobLab provides a way to incorporate interactive games and simulations into economics courses, making it easier for instructors to provide students with a fun and engaging way to test their understanding of course concepts.
Would you like to learn more about our online economics games? Get in touch with our team. Click here to schedule a brief online demo with a MobLab team member.