Deriving by Doing: A New Approach to Teaching Finance

8 Pages Posted: 25 Jun 2007

See all articles by Joshua D. Coval

Joshua D. Coval

Harvard Business School - Finance Unit; National Bureau of Economic Research (NBER)

Jonathan Gadzik

upTick Learning

Erik Stafford

Harvard Business School - Finance Unit

Date Written: June 2007

Abstract

This document describes how interactive market simulations are used to teach finance in the Dynamic Markets course at Harvard Business School. The course is organized around hands-on application in a wide variety of capital market settings with the goal of producing experts in financial decision-making. The essential aspects of this pedagogy are dynamic decision settings, a strong reliance on competitive markets, and derivation of core concepts through active student decision-making.

Keywords: simulations, teaching finance, education

JEL Classification: G10

Suggested Citation

Coval, Joshua D. and Gadzik, Jonathan and Stafford, Erik, Deriving by Doing: A New Approach to Teaching Finance (June 2007). Available at SSRN: https://ssrn.com/abstract=996229 or http://dx.doi.org/10.2139/ssrn.996229

Joshua D. Coval (Contact Author)

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Jonathan Gadzik

upTick Learning ( email )

Boston, MA
United States

Erik Stafford

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
617-495-8064 (Phone)
617-496-7357 (Fax)

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