The Role of Business Simulation Programs in Developing Students’ Economic and Information Competence

In the context of the modern digital economy, improving the quality of economic education in higher education institutions and developing students’ economic and information competence is one of the urgent tasks. This article analyzes the pedagogical and methodological aspects of using business simulation software in the process of economic education. The study examines the educational potential of economic simulation programs such as Big Ambitions, Capitalism II, Timeflow – Time & Money Sim, Internet Cafe & Supermarket Simulator 2024, and Business Mania. The results of the study indicate that business simulators serve as an effective pedagogical tool for developing skills in modeling economic processes, making economic decisions, and working with economic information.

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