Developing and Implementing an Internet-Based Financial System Simulation Game

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Developing and Implementing an Internet-Based Financial System Simulation Game

Author Info

Joseph Santos () (South Dakota State University)

Abstract

Thanks to the Internet and server-side technology such as Active Server Pages (ASP), faculty can develop, implement, and share interactive pedagogy easily and inexpensively. The Financial System Simulator (FSS) is an example of an interactive game that the author has developed. The FSS is an Internetbased, interactive teaching aid that introduces undergraduate students to the domestic and international consequences of monetary policy. Although simulators are common among computer-aided interactive learning devices in todayâ€™s undergraduate economics curricula, the FSS is different from the others because it allows students, who represent nations, to interact with each other rather than with a computer. The exercise provides users with real-time outcomes based on their decisions, as well as the decisions of other students. According to student surveys, the game helped students understand monetary policy and kept students motivated and interested.

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Publisher Info
Article provided by Helen Dwight Reid Foundation in its journal The Journal of Economic Education.

Volume (Year): 33 (2002)
Issue (Month): 1 ()
Pages: 31-40
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:jee:journl:v:33:y:2002:i:1:p:31-40

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Find related papers by JEL classification:
A2 - General Economics and Teaching - - Economic Education and Teaching of Economics

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Arnold Katz & William E. Becker, 1999. "Technology and the Teaching of Economics to Undergraduates," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 30(3), pages 194-199. [Downloadable!]
Becker, William E & Watts, Michael, 1996. "Chalk and Talk: A National Survey on Teaching Undergraduate Economics," American Economic Review, American Economic Association, vol. 86(2), pages 448-53, May. [Downloadable!] (restricted)

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Santos, Joseph, 2002. "Peer Pressure: Refereed Journals And Empirical Research In The Undergraduate Economics Curriculum," 2002 Annual meeting, July 28-31, Long Beach, CA 19854, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
Alberto Isgut & Ganesan Ravishanker & Tanya Rosenblat, 2005. "The Basics of International Trade: A Classroom Experiment," Wesleyan Economics Working Papers 2005-013, Wesleyan University, Department of Economics. [Downloadable!]
Woltjer,Geert, 2003. "Decisions and macroeconomics: development and implementation of a simulation game," Research Memoranda 003, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
Other versions:
- Geert B.Woltjer, 2005. "Decisions and Macroeconomics: Development and Implementation of a Simulation Game," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 36(2), pages 139-144. [Downloadable!]

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This page was last updated on 2009-12-21.

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