The technologies that were used in this classroom with the students, although somewhat outdated, were effective for teaching students how to use computer programs for business situations. In this video, the students were involved in the upkeep of a pretend business - adjusting prices in order to view how pricing affected the supply and demand of their product(s).
This type of computer interaction is able to help students get a real picture of how technology affects the things that people do in the field of business, while simultaneously teaching basic economic principles of supply and demand. This interactive approach can certainly be more fun and entertaining than reading through a textbook.
Teaching the stock market using examples the students know about is a great idea, "authentic learning". The Internet and a variety of emerging communication, visualization, and simulation technologies now make it possible to offer students authentic learning experiences ranging from experimentation to real-world problem solving. The example of using a PS2 at $500 is strange because I can't give one away now.
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