On November 22th, 2018, on the initiative of Anush Saribekyan, lecturer of the Department of General Economics of YSU Ijevan Branch and Tavush Tourism Research and Development Center, with the support of the university student structures (Student Scientific Society SSS and Student Council) held a business game entitled “Micro plan” dedicated to the 25th anniversary of the introduction of Armenia’s national currency.
15 students of “Economics”, “Service”, “Tourism” and “Finance’ departments of the Faculty of Economics participated in the business game.
The game was conducted by the employees of Tavush Tourism Research and Development Center.
The students were divided into three teams, that is to say, into three “families”, they had the following task: having a limited budget, plan, and then organize production, with the profit being maximized to the expected profit.
The game was a simplified business model that gave an idea of real business life difficulties, challenges and opportunities.
The teams acquired raw materials, arranged production using the loan; sold in the market, but the herd was rejected by the market.
After the interesting and at the same time tense game, the team whose final profit and production volumes were closer to the expected one, won the game.
The winning team was awarded with a diploma and the other teams: with certificates.
