Experiential Learning – A Case Study of the Use of Computerised Stock Market Trading Simulation in Finance Education

Research output: Contribution to journalArticleResearchpeer-review

Abstract

Finance is a popular programme of study in UK higher education despite it being a challenging subject that requires students to understand and apply complex and abstract mathematical models and academic theories. Educational simulation is an active learning method found to be useful in enhancing students’ learning experience, but there has been limited pedagogic research attention on its use in finance education within the UK. This paper, utilising an on-line survey, provides a snapshot of the current usage of finance-related simulations across the 97 UK universities offering finance programmes. The paper also reports the findings of a case study that offers insights into the effectiveness of introducing computerised simulation into a postgraduate finance course from both a student and tutor perspective. It highlights an enhancing learning experience for students through concrete experience and reflective observation, increasing their understanding of difficult and complex finance concepts.
Original languageEnglish
Pages (from-to)480-497
Number of pages18
JournalAccounting Education
Volume24
Issue number6
DOIs
Publication statusPublished - 10 Dec 2015

Keywords

  • Finance
  • Simulation
  • Experiential learning
  • Engagement
  • Trading

Cite this

@article{46d67a5fa62248b9bd9fcac338ce4142,
title = "Experiential Learning – A Case Study of the Use of Computerised Stock Market Trading Simulation in Finance Education",
abstract = "Finance is a popular programme of study in UK higher education despite it being a challenging subject that requires students to understand and apply complex and abstract mathematical models and academic theories. Educational simulation is an active learning method found to be useful in enhancing students’ learning experience, but there has been limited pedagogic research attention on its use in finance education within the UK. This paper, utilising an on-line survey, provides a snapshot of the current usage of finance-related simulations across the 97 UK universities offering finance programmes. The paper also reports the findings of a case study that offers insights into the effectiveness of introducing computerised simulation into a postgraduate finance course from both a student and tutor perspective. It highlights an enhancing learning experience for students through concrete experience and reflective observation, increasing their understanding of difficult and complex finance concepts.",
keywords = "Finance, Simulation, Experiential learning, Engagement, Trading",
author = "Prudence Marriott and Siew Tan and Neil Marriott",
year = "2015",
month = "12",
day = "10",
doi = "10.1080/09639284.2015.1072728",
language = "English",
volume = "24",
pages = "480--497",
number = "6",

}

Experiential Learning – A Case Study of the Use of Computerised Stock Market Trading Simulation in Finance Education. / Marriott, Prudence; Tan, Siew; Marriott, Neil.

Vol. 24, No. 6, 10.12.2015, p. 480-497.

Research output: Contribution to journalArticleResearchpeer-review

TY - JOUR

T1 - Experiential Learning – A Case Study of the Use of Computerised Stock Market Trading Simulation in Finance Education

AU - Marriott, Prudence

AU - Tan, Siew

AU - Marriott, Neil

PY - 2015/12/10

Y1 - 2015/12/10

N2 - Finance is a popular programme of study in UK higher education despite it being a challenging subject that requires students to understand and apply complex and abstract mathematical models and academic theories. Educational simulation is an active learning method found to be useful in enhancing students’ learning experience, but there has been limited pedagogic research attention on its use in finance education within the UK. This paper, utilising an on-line survey, provides a snapshot of the current usage of finance-related simulations across the 97 UK universities offering finance programmes. The paper also reports the findings of a case study that offers insights into the effectiveness of introducing computerised simulation into a postgraduate finance course from both a student and tutor perspective. It highlights an enhancing learning experience for students through concrete experience and reflective observation, increasing their understanding of difficult and complex finance concepts.

AB - Finance is a popular programme of study in UK higher education despite it being a challenging subject that requires students to understand and apply complex and abstract mathematical models and academic theories. Educational simulation is an active learning method found to be useful in enhancing students’ learning experience, but there has been limited pedagogic research attention on its use in finance education within the UK. This paper, utilising an on-line survey, provides a snapshot of the current usage of finance-related simulations across the 97 UK universities offering finance programmes. The paper also reports the findings of a case study that offers insights into the effectiveness of introducing computerised simulation into a postgraduate finance course from both a student and tutor perspective. It highlights an enhancing learning experience for students through concrete experience and reflective observation, increasing their understanding of difficult and complex finance concepts.

KW - Finance

KW - Simulation

KW - Experiential learning

KW - Engagement

KW - Trading

U2 - 10.1080/09639284.2015.1072728

DO - 10.1080/09639284.2015.1072728

M3 - Article

VL - 24

SP - 480

EP - 497

IS - 6

ER -