An Innovative Approach to Teaching Finance: Using Live Cases in the Case Course
Oklahoma State University Working Paper
30 Pages Posted: 2 Jun 2001
Date Written: May 30, 2001
This article describes an innovative way to use "live cases" in the case course, in order to bridge the theory/practice gap and expose students to real issues an area company is currently investigating. This technique was implemented in the Spring 2000 semester with the cooperation of Williams, Inc. a Fortune 500 firm that is a global leader in energy and communications. I define live cases as a case analysis that involves a current problem or issue that a company is investigating, in which the company provides information regarding the problem/issue to the instructor and students. The problem or issue has not been resolved and the company is seeking input from the students to assist them in making a management decision. My definition and use of live cases is unique in that the students are analyzing a current, real problem and act as consultants to the firm. The students also present their analysis and recommendations to corporate executives. This article provides suggestions on how to use live cases in a case course, describes the advantages and disadvantages of this method, and presents survey results of students and company executives. In addition, a summary of the two live cases used are provided in the appendix.
Keywords: Live case; Case teaching; Financial education
JEL Classification: A20, A23, G30
Suggested Citation: Suggested Citation