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On Mac OS X, launch Corona SDK by either selecting Corona Terminal or Corona Simulator from the Applications Directory. Both selections will access the SDK. The Corona Simulator will only open the simulator. The Corona Terminal will open both the simulator and terminal window. The terminal is helpful for debugging your programs and displays simulator errors/warnings and print() messages.
On Microsoft Windows, select the Corona SDK folder and click on Corona Simulator from the list of Programs in your Start menu or double-click the Corona icon on the desktop. (The simulator and terminal are always opened together if you are using Windows).
Let's go over the useful contents contained in the Corona SDK folder (located in Applications/Corona SDK on Mac and Start/All Programs/Corona SDK on Windows: