Educational games in the system of economic education

Abstract

Relevance. The Monopoly game is a popular board game with a simple concept that is relevant as a tool for enterprises and entrepreneurs in the system of teaching the basics of business, as a tool for studying strategic economics and justifying business strategies. Goals. Substantiation of the importance of the Monopoly game model as a business strategy tool for developing skills in strategic thinking, negotiation, risk management and efficient resource allocation. Exploring the similarities between concepts in the game and real economic concepts, including monopoly, market competition, pricing strategies, and business cycles. Evaluation of the effectiveness of the use of “Monopoly” as an educational tool for teaching the concepts of strategic economics. Methodology. Analysis, synthesis, observation, comparative and statistical methods. Conclusions. The business game “Monopoly” is a useful tool in the system of teaching economic concepts, raising the level of knowledge of the real economy. The use of the game model “Monopoly” in the educational process develops critical thinking and the skills of effective management decisions focused on business development.