An Innovative Approach to Teaching Finance: Using Live Cases in the Case Course

Oklahoma State University Working Paper

30 Pages Posted: 2 Jun 2001

See all articles by Betty J. Simkins

Betty J. Simkins

Oklahoma State University - Stillwater - Department of Finance

Date Written: May 30, 2001

Abstract

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

Simkins, Betty J., An Innovative Approach to Teaching Finance: Using Live Cases in the Case Course (May 30, 2001). Oklahoma State University Working Paper. Available at SSRN: https://ssrn.com/abstract=271729 or http://dx.doi.org/10.2139/ssrn.271729

Betty J. Simkins (Contact Author)

Oklahoma State University - Stillwater - Department of Finance ( email )

336 Business Building
Stillwater, OK 74078-4011
United States
405-744-8625 (Phone)
405-744-5180 (Fax)

HOME PAGE: http://spears.okstate.edu/~simkins

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