Are Classroom Games Useful for Teaching ‘Sticky’ Finance Concepts? Evidence from a Swap Game

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Author(s)
Akimov, Alexandr
Malin, Mirela
Year published
2016
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Show full item recordAbstract
Despite long list of documented games in economics and other disciplines,
a lack of literature on experiments in finance teaching suggests that
academics in the field of finance may have been slower to embrace the
benefits of experimental learning than academics in other fields. This
paper contributes in closing the gap. Firstly, it documents an example
of a role-play game, which might be used in teaching a ‘sticky’ concept
of swaps. Secondly, the paper discusses students’ experiences of the
game and provides a summary of the survey results. Finally, the paper
contributes to the thin literature of experimental learning ...
View more >Despite long list of documented games in economics and other disciplines, a lack of literature on experiments in finance teaching suggests that academics in the field of finance may have been slower to embrace the benefits of experimental learning than academics in other fields. This paper contributes in closing the gap. Firstly, it documents an example of a role-play game, which might be used in teaching a ‘sticky’ concept of swaps. Secondly, the paper discusses students’ experiences of the game and provides a summary of the survey results. Finally, the paper contributes to the thin literature of experimental learning effectiveness by presenting evidence on how the participation in the experiment affected learning outcomes in the particular topic.
View less >
View more >Despite long list of documented games in economics and other disciplines, a lack of literature on experiments in finance teaching suggests that academics in the field of finance may have been slower to embrace the benefits of experimental learning than academics in other fields. This paper contributes in closing the gap. Firstly, it documents an example of a role-play game, which might be used in teaching a ‘sticky’ concept of swaps. Secondly, the paper discusses students’ experiences of the game and provides a summary of the survey results. Finally, the paper contributes to the thin literature of experimental learning effectiveness by presenting evidence on how the participation in the experiment affected learning outcomes in the particular topic.
View less >
Journal Title
Advances in Financial Education
Volume
Winter
Publisher URI
Copyright Statement
© The Author(s) 2016. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal’s website or contact the author[s].
Subject
Finance