Volume 9, Issue Special Issue, 2012
The Post-GFC Debate: Pedagogical Implications for Finance and Financial Planning Disciplines
Simulated Trading Environment as a Learning Tool in Corporate Finance
This research explores the application of an innovative learning approach by using trading simulation tutorials to reinforce the conventional learning styles in a corporate finance subject at postgraduate level. The majority of surveyed students perceive that their learning experience has been significantly enhanced through simulated trading tutorials. The post-trading survey shows students also indicate feeling more confident to self-monitor their learning. Furthermore, the
majority of students feel able to recognise ethical issues in relation to trading in securities. This research highlights some potentially negative effects if trading simulations were to be used in isolation without providing students with a solid background in ethics. This issue is even more relevant in the post Global Financial Crisis environment. If carefully designed and implemented, trading simulations have a potential to mitigate some potentially negative effects of the use of technology and be an effective and inclusive teaching tool.