.: Carbon Challenge And Trading Game Of BP Myscience

Friday, 27 May 2011

Carbon Challenge And Trading Game Of BP Myscience

Date : Wednesday, 20th April 2011

Time : 9.00 a.m - 2.00 p.m

Venue : Dewan Melati Mewah
Students that involved : Pure science students (4M1, 5M1) account students (4E. 5E)

On this day, Mr. Zukifli b. Othman as a representative of BP had came to our school and do some activities with us. The activities are Carbon Challenge and Trading Game.Firstly, we plays the carbon challenge. The objective of Carbon Challenge is climate change awareness and action plans proposal to help reduce operating cost and promote enviromentally friendlier lifestyle.

2 hours modules :

What do you know- 30minutes
5 questions related to carbon footprints, fossil fuels and science elements.
Group learnin- 1 hour
Economic strand
Social strand

Enviroment strand
What have you learn - 15 minutes
What do you think - 15 minutes

After finished the activity of Carbon Challenge we start to play the Trading Game. Playing Trading Game enables students apply functional maths skills in a real-life context. Aim of the trading game is to make profit by buying barrels of crude oil at the lowest price possible and selling athe highest price possible. When we playing Trading Game we must have chair person, market analyst, accountant and trader. We had been give three practice round and six trading rounds. The period of each round will lasts three minutes.

PRACTICE ROUNDS :

We have a fund of $5,000 and 100 barrels of oil to begin the trading.

TRADING ROUNDS :

We have a fund of $50,000 and 1000 barrels of oil to begin the trading.
We can trade by buying or selling in each round. We may also decide not to trade.
We will make our trading decisions based on information from the News Bulletins.
Each News Bulletins also displays the current market price of oil. This is the price that we will buy or sell oils at during that round.
Advisors estimate that crude oil may trade between $40-$140 per barrel.