Kaelo Launched - 'An interactive simulation tool for Managerial Economics'

Managerial Economics can pose some conceptual difficulties to some students, to overcome these issues the Teaching & Learning Team at MBS Worldwide has introduced a new simulation tool called Kaelo.

Kaelo is a series of 10 simulations covering the basic principals in Managerial Economics.

Patrick McNutt Module Coordinator says:
'The software will help to guide you through some of the foundation steps in microeconomics. The illustrations will capture the concepts of demand and elasticity, introduce the Marris model of management behaviour, explain the basics of the concentration ratios as deployed in modern antitrust and introduce you to the foundations of basic non cooperative game theory. Kaelo compliments the executive support materials located on my web page .'

To try the tool out please follow this link .

The tool is constantly under development, we welcome any comments.