• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Article

The Outline of the OPEC Conference Simulation

Petrova E. Y.
This article covers the positive features of a simulation and provides the outline of the OPEC (The Organization of the Petroleum Exporting Countries) Conference Simulation that was held with the 3rd-year students of the Department of World Economy and International Relations of National Research University “Higher School of Economics”. The article describes the three stages of the simulation at length. The purpose of the simulation was to give students an opportunity to see the market forces at work with concrete example and to give them hands-on experience in negotiating and decision-making. After the simulation students completes a survey, the results of which are quantitatively analyzed and are described in the paper. Face-to-face interviews with the students were also conducted and the findings are available below. The students learnt their strengths when performing in public, they were able to use their theoretical knowledge in practice and that helped them to understand it better.