2023-2024 / ERAS0011-1

Business Simulation

Duration

50h Mon. WS

Number of credits

 Master of Science (MSc) in Computer Science and Engineering2 crédits 
 Master of Science (MSc) in Computer Science2 crédits 
 Extra courses intended for exchange students (Erasmus, ...)5 crédits 

Lecturer

Anne Chanteux

Language(s) of instruction

English language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The simulation game consists of 5 teams of 4 or 5 students each. Each team represents a company on a market, and competes with the four others. The students make up the board of the company.
The game lasts 4 days. The first half-day is devoted to presenting the game and briefing all participants. Each team makes 12 decisions, which corresponds to one decision per quarter for 3 years. According to its decisions, and the decisions of competitors, the company receives a quarterly result sheet.
After 3 simulated years of company life, the board has to present their results to their partners (shareholders, bank, works council). In the game, those partners are represented by all participants. The decisions of each team are analysed and synthesized in a final report drawn up by the organizers.

The 4 days of simulation are preceded by preparatory courses (MANDATORY attendance at all 4 sessions) designed to lay the foundations of general accounting and management control necessary for the business game.

Learning outcomes of the learning unit

This course aims at helping students (working in teams) :
- discover the interaction between the major functions of a company (production, finance, marketing, human resources);
- learn how to define policies, infer objectives & compare results with objectives;
- train at decision-making;

- use objectives measurement tools so that they can manage performance.

This course contributes to the learning outcomes II.1, II.2, V.1, V.2, VI.1, VI.2, VI.3, VII.1, VII.2, VII.3, VII.4, VII.5, VII.6 of the MSc in computer science and engineering.

Prerequisite knowledge and skills

FIN 505 Accounting & Finance
SC 529 Logistics and Production
MKTG 552 Marketing
RH 132 Staff Management

Planned learning activities and teaching methods

Mode of delivery (face to face, distance learning, hybrid learning)

Blended learning


Additional information:

Preparing classes will take place during the weeks preceeding the business game (Tuesday,  26/09, 03/10, 10/10 & 17/10/2023 from 2 to 5 pm - building N1d - room 0/88.

Simulation itself is organized ion line from Monday 23 to Thursday 26 October 2023 (9 am to 6 pm) in Banneux (28 kms from Liège).

Presence of students at ALL the preparing classes AND at the 4 simulation days is COMPULSORY.

If you are absent or late for a preparation session or one of the 4 days of the business game, you will lose points. Only one absence will be tolerated (with decrease in points). Beyond this, the student will be excluded from the course and will receive a 0/20 grade.

Recommended or required readings

A leaflet with the rules of the game will be available on -line before the game starts.
It should be read carefully and a test on it will take place.

1st session assessment : Test on prerequisites + Continuous assessment of each team's performance + Oral presentation + Written report
2nd session assessment : Test on prerequisites + Written report + Oral presentation
!!! Second session is only available for students who attend preparing classes and business simulation days in October.

Work placement(s)

Organisational remarks and main changes to the course

...

Contacts

CHANTEUX Anne
Assistant Professor

Director of evening master programs
Department Finance, Accounting and Law
HEC-Ecole de gestion de l'ULiège
Rue Louvrex, 14
4000 Liège Bât. N1Tél: +32 4 2327261
Email: Anne.Chanteux@uliege.be

Room 202

Association of one or more MOOCs