Using a Market Simulator in Extension Programs

Authors

• Stephen R. Koontz, Oklahoma State University
• Derrell S. Peel, Oklahoma State University
• James N. Trapp, Oklahoma State University
• Clement E. Ward, Oklahoma State UniversityFollow

Volume

32

Issue

3

Abstract

This article discusses the use of an experiential tool in an Extension agricultural marketing program. A brief description of the market simulator, its relationship to experiential learning, and a summary of its evaluation is discussed. On a seven-point scale (one being best), 92% of participants rated its teaching effectiveness a three or better. Success of the Fed Cattle Market Simulator provides evidence that it is one experiential tool with considerable potential as an alternative method for teaching/learning agricultural marketing and pricing.

Creative Commons License

This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 4.0 License.

Recommended Citation

Koontz, S. R., Peel, D. S., Trapp, J. N., & Ward, C. E. (1994). Using a Market Simulator in Extension Programs. Journal of Extension, 32(3), Article 12. https://doi.org/10.66752/1077-5315.7969