No, it is just to draw schematics; I leave the possibility of using it as a simulator up to you programmers. Many of these shapes are in the Pro version of Visio, but I was not able to modify them for my usage because they are locked, so I built my own.
My fellow students at the community college used paper and pencil to design their own circuits for the motor control class. May be an opportunity for a Visio programmer to build a Visio app to draw schematics and then allow it to run as a as simulator.
There are drafting programs like Auto Cad and Solid Works for engineers and draftsmen, but those programs are too expensive and detailed for people learning a trade like electrician, motor control repairman, welder, etc. Many of those tradesmen work in small businesses and almost of of them still use paper and pen to sketch out their work. Visio would be much better for them due to its ease of use. Training companies like Cengage that provide documentation and physical simulators for trade training could be the best place to start.