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  • The Case for Integrating Accounting, Finance and Economics in Teaching the GFC through a Problem-Based Learning Approach

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    Author(s)
    Guest, Ross
    Griffith University Author(s)
    Guest, Ross
    Year published
    2012
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    Abstract
    This paper argues that a key lesson of the GFC of 2008-9 is that our "silo" approach to the disciplines of accounting, finance, and economics (AFE) has not equipped students to deal with complex real world problems such as global financial crises. Such real world problems are interdisciplinary in their causes, effects, and solutions. The paper discusses elements of each of the AFE disciplines that are essential for understanding the GFC, and why courses in economics and finance that seek to address the GFC as a topic need to integrate ideas from these three disciplines. A problem-based learning (PBL) approach is offered as ...
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    This paper argues that a key lesson of the GFC of 2008-9 is that our "silo" approach to the disciplines of accounting, finance, and economics (AFE) has not equipped students to deal with complex real world problems such as global financial crises. Such real world problems are interdisciplinary in their causes, effects, and solutions. The paper discusses elements of each of the AFE disciplines that are essential for understanding the GFC, and why courses in economics and finance that seek to address the GFC as a topic need to integrate ideas from these three disciplines. A problem-based learning (PBL) approach is offered as a way forward, through at least one capstone course in a business/commerce degree that brings together the strands from a range of commerce/business disciplines in a case study approach. The paper offers an outline of such a PBL approach to the GFC.
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    Journal Title
    Journal of Business Ethics Education
    Volume
    9
    Issue
    Special Issue
    Publisher URI
    http://www.neilsonjournals.com/JBEE/abstractjbee9guest.html
    Copyright Statement
    © 2012 Neilson Journals Publishing. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
    Subject
    Financial Economics
    Specialist Studies in Education
    Business and Management
    Marketing
    Publication URI
    http://hdl.handle.net/10072/51660
    Collection
    • Journal articles

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