|Business is Booming at LHC - 28 June 2016|
This semester, Year 10 Economics and Business students were excited to establish and operate their own global business venture at the annual LHC Global Trade Fair (Market Day). As part of their study, students have investigated the current global business environment and the impact of Australian businesses trading with a number of international organisations. For their assessment, students were to develop a unique product to sell at the Global Trade Fair and then participate in the planning process of selling that product in a specific overseas marketplace (in accordance with various government regulations, economic considerations, legal requirements and cultural implications). The fair was a huge success and the students would like to thank the entire College community for supporting them in this initiative. Proceeds from the fair were donated to their nominated charity.
Our Year 9 Economics and Business students were also given the fantastic opportunity to participate in the “PierSim Business Island Simulation” experience. PierSim is a world-first approach to teaching Economics and Business Education, enabling students to own and operate their virtual businesses in an ‘in-world’ and ‘out-world’ virtual simulation. From designing their products to seeing how the share price of their business was trading on the virtual stock exchange, our students adopted the role of an avatar and had to trade within the “PierSim Business Island Simulation” program. Students were then assessed on their economics and business decision-making skills throughout the trading period and applied their learnt theory to practice.
PierSim is an excellent example of how subject-specific technologies can achieve the intention of the ICT general capabilities that are embedded within the Australian Curriculum for Economics and Business.
Lourdes Hill College is proud to be a leading innovator in this advanced use of technology to teach Business Education and continues its strong partnership with International Education Services (The University of Queensland’s Foundation Year provider). This virtual learning simulation has now been implemented in UQ’s Business School’s undergraduate course, “Accounting for Decision Making”.
Head of Faculty – Business and Technology