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.

Recommended Citation

Koontz, S. R., Peel, D. S., Trapp, J. N., & Ward, C. E. (1994). Using a Market Simulator in Extension Programs. The Journal of Extension, 32(3), Article 12. https://open.clemson.edu/joe/vol32/iss3/12