Using Assessment To Measure The Effectiveness of a Financial Simulation

Michael Nugent, Stoyan Stoyanov

Abstract


This study examines how useful a financial simulation is at reinforcing financial learning goals as measured by an assessment.  Programs within many College of Businesses are under increasing pressure to demonstrate that students are learning within their courses, assessment is one method of documenting learning.  Most accreditation certifications require colleges to provide an assurance of learning using assessment techniques at the course and program levels.  Business simulations play a potentially significant role in reinforcing course learning goals which are measured by assessments and document the assurance of learning process. Results indicate an improved comprehension of financial learning objectives for students after completing a business simulation with financial content.

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Copyright (c) 2019 Michael Nugent, Stoyan Stoyanov

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