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#8493860 Sep 25, 2013 at 12:21 PM · Edited over 4 years ago
Guild Officers
75 Posts
Welcome to the Ready to Trade or the Virtual Goods and Gaming Economies Questline. In this questline, the guild officers and your investors will be from the educators’ guild Inevitable Betrayal. You’ll be playing or investing through the Arbitrage banking guild on the Horde side, Area 52, US server.

Area 52, the Horde side, is regularly ranked in the top US realms by daily market volume. Inevitable Betrayal raids on Sisters of Elune but for educational purposes trades on Area 52.


Market Volume Area 52 by Center4EduPunx, on Flickr

Yesterday, Area 52 had a market volume of 11,228,255 gold and ranked 7th in US realms. So what does that mean in “real money” or more importantly learning about markets? We’ll discuss that a lot during this questline. In contrast, Sister of Elune was ranked 319th and had a market volume of 1,921,252. (reported from http://www.wowuction.com/ 9/24/13)

For purposes of the questline, we’ll be working off on Area 52, but for anyone on a different server using your regular server as a type of control group could be…interesting. Do feel free to post comparisons in the discussions.

So to get started, please introduce yourself to the guild and use these questions to guide your introduction.

Who you are and your subject do you teach?

What is your experience in MMORPGs?

Are you already in World of Warcraft?

What has been your experience in trading or earning in MMORPGs?

Who is your favorite economist? ( Or at least who would you choose Keynes or Hayek – this is an economics geek reference to this popular video and the follow-ups.)

What is your favorite form of currency? (just seeing who is looking at bitcoin. Here’s an entry from Wikipedia on Bitcoin and then a video on Bitcoin from the Kahn Academy.)

Also if you find any of these topics intriguing, please post more in the Virtual Markets Café.

And last but not least - Are you Ready to Trade?
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#8493956 Sep 25, 2013 at 12:43 PM · Edited over 4 years ago
Guild Officers
75 Posts
Hello Everyone!

I'm Kae and I'll be one of the guild officers with you in the Virtual Goods and Virtual Economies questline that starts on October 1st. I’m also a guild officer in an educator’s guild known as Inevitable Betrayal. For this questline, we’ll be using the outpost guild, Arbitrage, on Area 52 realm, Horde side, U.S. server.

I’m currently the instructional designer for an Immersive Learning and Game Based Learning grant that has three community colleges using World of Warcraft in Business and Economic classes.

I developed my first virtual goods module in 2008. At my college, the business chair asked if I could design a series of assignment on emerging technologies and e-commerce for her students. At that time, we used Second Life as online environment where students could look at the commerce for virtual goods. A version of that is still being used at Pueblo Community College. It is now adapted to students choosing virtual environments in games. So there choices are World of Warcraft, Guild War 2, EveOnline, Perfect World, Second Life and every semester there is always one student who chooses to look at the economy in Club Penguin.

So while we designed this module on World of Warcraft and hope you join us there. We are totally willing to let you do the questline through another virtual world. So email me if this is something you would like to do. All of our examples are World of Warcraft so there will be a bit of extrapolation on your part. But if you want to look at the economy in another game – do it!

My background in economic simulations is from graduate work in Agribusiness and developing paper and pencil commodity markets for students and running them as events. I did this at the University of Nebraska and also for the state FFA camps. I found that the economy and auction house to be a very effective way to teach students about the market.

But enough about me….. We want to know about you!

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#8509953 Sep 29, 2013 at 10:08 AM
Guild Officers
22 Posts
Hello Everyone!

Welcome to the Ready to Trade Questline!

I'm Chris and I'm also one of the guild officers of the Ready to Trade Questline. I look forward to hearing from you all and getting to know more about you all as the Teacher Camp progresses.

I am an Associate Dean for Career and Technical Education at the community college level and have been utilizing games and game based learning since I was a full time faculty member. I've used game based learning in Accounting, Business, Agribusiness and Multimedia Graphic Design. More recently, I've been heavily involved with an Immersive Learning Grant that focused on using World of Warcraft as a business simulator for Intro to Business and Intro to Microeconomics classes at the community college level.

As the Guild Master for Inevitable Betrayal, it has been a lot of fun setting up the Arbitrage economic outpost guild and developing this questline to really focus on the business and economics epistemic frames that exist in World of Warcraft. Once you are in game, my toon's name is Terroir. So feel free to look me up and chat in game. Please let either Kae or myself know if you have any questions during your quests.

I'm also very excited about the opportunity of introducing more educators to World of Warcraft, which really has become a third place. This virtual space is where our guildies meet, socialize, collaborate on projects, and pursue various aspects of the game and its implications and applications to K-20 education.

I look forward to seeing you all online.

-Chris
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#8521319 Oct 01, 2013 at 08:14 PM · Edited over 4 years ago
Guild Officers
164 Posts
Who you are and your subject do you teach? Kim Dinsmore second grade

What is your experience in MMORPGs? I have been playing WOW on the alliance side on and off for half a year.
Are you already in World of Warcraft? Yes, Alliance character is Kimistria and Horde character (just started) is Kimayelle.
What has been your experience in trading or earning in MMORPGs? I am horrible with the money part of WoW and took items from the guild bank so I could fund my new horse. I was summarily reprimanded.

Who is your favorite economist? I am going to claim total ignorance here.
What is your favorite form of currency? Starbucks credit
And last but not least - Are you Ready to Trade? Sure
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#8523422 Oct 02, 2013 at 09:08 AM
20 Posts
I'm an experienced wow player and have recently joined Cognitive Dissonance on Sisters of Elune making a toon especially for it.
I teach college economics and have used CIV for over 8 years for my Economics in Historical Perspectives course. I have used WoW a little and am eager to do more. I'm too busy to play as much as I would like (T_T).
Most of my toons (kids and students) are on Rivendare which suffers from low population.
MY QUESTION: Should I make a new toon on Area 52? You mention that you use Area 52 for trading while actually having the guild in Sisters of Elune (Alliance and Horde)... How do you transfer goods from one realm to another?!?
Dr Benjamin Balak
Associate Professor of Economics
Department of Economics
Rollins College, Winter Park FL
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#8524616 Oct 02, 2013 at 02:01 PM · Edited over 4 years ago
Guild Officers
75 Posts
Hey Kimmy!

Great to have you here. Purchasing a mount is the first real gold sink for most players. One of my friends and guildees - Jerry Buchko has written about in the Virtual Education Journal (VEJ) - you'll need to scroll to page 105 http://issuu.com/edovation/docs/vej_june_2013

In Inevitable Betrayal, as far as financing mounts the officers actually met to decide what we should do as far as guild funds. We decided to take an official hands-off approach. We have a guild celebration right before each guild member levels to 90. After they level, we take them over to the area for flying licenses. The individual players then normally inquire to see if the person leveling needs funds and gives them what they need. Not a loan, not guild financing but rather a gift and if the person tries to pay it back they are normally told to pay it forward.


What is your experience in MMORPGs? I have been playing WOW on the alliance side on and off for half a year.
Are you already in World of Warcraft? Yes, Alliance character is Kimistria and Horde character (just started) is Kimayelle.
What has been your experience in trading or earning in MMORPGs? I am horrible with the money part of WoW and took items from the guild bank so I could fund my new horse. I was summarily reprimanded.

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#8524634 Oct 02, 2013 at 02:07 PM
Guild Officers
75 Posts
#8523422 DearBalak wrote:

I'm an experienced wow player and have recently joined Cognitive Dissonance on Sisters of Elune making a toon especially for it.
Most of my toons (kids and students) are on Rivendare which suffers from low population.

MY QUESTION: Should I make a new toon on Area 52? You mention that you use Area 52 for trading while actually having the guild in Sisters of Elune (Alliance and Horde)... How do you transfer goods from one realm to another?!?



Hello Benjamin and welcome to the questline!

Sisters of Elune (SoE) is also low population. So yes make a new toon on the Horde side of Area 52. You can't transfer funds to another realm unless you do a paid transfer of a character and the funds come with the character transferred. https://us.battle.net/support/en/article/character-transfer

So we'll give you some seed money to trade with over the next 3 weeks. We really can't wait to see the strategies people develop for playing the auction house.

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#8734207 Nov 19, 2013 at 12:28 PM
20 Posts
#8523422 DearBalak wrote:

I'm an experienced wow player and have recently joined Cognitive Dissonance on Sisters of Elune making a toon especially for it.
I teach college economics and have used CIV for over 8 years for my Economics in Historical Perspectives course. I have used WoW a little and am eager to do more. I'm too busy to play as much as I would like (T_T).
Most of my toons (kids and students) are on Rivendare which suffers from low population.
MY QUESTION: Should I make a new toon on Area 52? You mention that you use Area 52 for trading while actually having the guild in Sisters of Elune (Alliance and Horde)... How do you transfer goods from one realm to another?!?


Adding info from the Guild Application:
  • favorite economist: Thorstein Veblen
  • prefs: Keynes > Hayek
  • favorite currency (other than WoW gold): latinum
  • I have no time to play other MMORPGs right now :'(
Dr Benjamin Balak
Associate Professor of Economics
Department of Economics
Rollins College, Winter Park FL
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#8734214 Nov 19, 2013 at 12:30 PM
20 Posts
So you ninjaed your guild bank? lol

#8524616 Kae wrote:

Hey Kimmy!

Great to have you here. Purchasing a mount is the first real gold sink for most players. One of my friends and guildees - Jerry Buchko has written about in the Virtual Education Journal (VEJ) - you'll need to scroll to page 105 http://issuu.com/edovation/docs/vej_june_2013

In Inevitable Betrayal, as far as financing mounts the officers actually met to decide what we should do as far as guild funds. We decided to take an official hands-off approach. We have a guild celebration right before each guild member levels to 90. After they level, we take them over to the area for flying licenses. The individual players then normally inquire to see if the person leveling needs funds and gives them what they need. Not a loan, not guild financing but rather a gift and if the person tries to pay it back they are normally told to pay it forward.


What is your experience in MMORPGs? I have been playing WOW on the alliance side on and off for half a year.
Are you already in World of Warcraft? Yes, Alliance character is Kimistria and Horde character (just started) is Kimayelle.
What has been your experience in trading or earning in MMORPGs? I am horrible with the money part of WoW and took items from the guild bank so I could fund my new horse. I was summarily reprimanded.

Dr Benjamin Balak
Associate Professor of Economics
Department of Economics
Rollins College, Winter Park FL
+0
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