Economic and Mathematical Modeling During Organization and Conduct of Business Games

Abstract

The article is devoted to the questions of organizing and performing business games while training the economists in a university. Use of the mathematical apparatus of the game theory is considered the top-priority direction of the achievement of the goal. The definitions of the concepts “modeling”, “mathematical modeling”, “social and economic processes”, “business game”, “virtual model”, and “simulator” are given in the article. The authors of the article perform key stages of mathematical modeling of social and economic phenomenon. The main qualitative characteristics of modeling of social and economic processes and specific recommendations about their application are provided in the scientific work. The main aim of the research is to describe concept of organizing and performing business games, define their elements, relations and interconnections and realize a mathematical model of economic process in the form of specific business game simulator.