Financial engineering education: the case study of financial modelling using games

• Autores: Jelena Minovic, Mirjana Radovic Markovic, Božo Drašković
• Localización: The International journal of engineering education, ISSN-e 0949-149X, Vol. 29, no. Extra 3, 2013, págs. 634-643
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This paper presents the auxiliary learning tools, created as an educational game for a number of topics in financial engineering.The aim of this educational game is primarily to improve the students’ understanding of financial engineering using the principle ofsituational learning. The game is conceived as a simulation of a small scale financial market, where students act as participants inthe market transactions, with their own virtual capital. In a defined space of time the students build their portfolios, which containonly shares at the beginning of the game, and they make decisions using the methods and techniques from the given teaching unit.Changing the initial conditions, throughout the game, the students can expand their portfolio acquiring bonds and derivatives suchas options, in order to better diversify their portfolios. This educational game has a twofold use, as an auxiliary teaching tool andas a tool for testing the students’ achievement. In comparison with completing classic-type tasks, this game can help test thestudents’ competence to apply the acquired knowledge in close-to-reality situations.