Show Them the Money: Using Mind Mapping in the Introductory Finance Course

Abstract

In this paper, we offer an innovative teaching tool for finance instruction, mind mapping, which visually depicts concepts and their interrelationships in a non-linear way. We review the considerable literature on the pedagogical benefits of graphics, describe how to design a mind map, recommend how to introduce students to mind mapping, and present examples of mind maps for introductory finance. The appendix provides information on commercial mind mapping software.

Keywords: mind mapping, mind map, financial education, business education

JEL Classification: A20, G00, G31