Financial Engineering Education : The Case Study of Financial Modelling Using Games

Minović, Jelena and Radović-Marković, Mirjana and Drašković, Božo (2013) Financial Engineering Education : The Case Study of Financial Modelling Using Games. International journal of engineering education, 29 (3). pp. 634-643. ISSN 0949-149X

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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 of situational learning. The game is conceived as a simulation of a small scale financial market, where students act as participants in the market transactions, with their own virtual capital. In a defined space of time the students build their portfolios, which contain only 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 such as options, in order to better diversify their portfolios. This educational game has a twofold use, as an auxiliary teaching tool and as a tool for testing the students’ achievement. In comparison with completing classic-type tasks, this game can help test the students’ competence to apply the acquired knowledge in close-to-reality situations.

Item Type: Article
Additional Information: COBISS.ID=512213858
Uncontrolled Keywords: financial engineering, education, asset pricing models, games
Research Department: Sectorial Economics
Depositing User: Jelena Banovic
Date Deposited: 10 Sep 2016 08:36
Last Modified: 14 Apr 2020 16:46

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