Abstract
This study proposes the designing concepts of developing a comprehensive financial learning environment which is valuable for business schools as a reference to construct their learning platforms. Modern education stresses both theory and field experience. However, students are unlikely to obtain sufficient investment field experience in the present educational environment because of the enormous capital needs of financial operations. Thus, a key limitation of financial education is the removal of investment risks associated with money flow during investment practice. In order to remove these educational limitations, this paper proposes an investment simulations environment to exercise real market practices in financial and investment courses and proposes a referential application of scenario-based learning for investment learning. The investigation results indicate that IFILE learning is more effective, interesting and realistic than learning in the traditional classrooms.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
David, A.W.: A financial accounting and investment simulation game. Issue in Accounting Education 10, 12–141 (1995)
Gordon, J.A., William, F.S., Jeffery, V.B.: Fundamentals of investments, 2nd edn. Prentice-Hall, Englewood Cliffs (1993)
Chen, A.-P., Chiu, H.-Y., Wang, S.-W., ChiangLin, C.-Y.: Innovations in Financial Investment Information Education Practical Financial Investment Simulation Programs. In: The 11th Annual Conference on Pacific Basin Finance, Economics and Accounting (2003)
Brooks, D.W.: Web-teaching A guide to designing interactive teaching for the World Wide Web. Cambridge University Press, Cambridge (1997)
Brooks, Grennon, J., Martin, G.B.: The case for constructivist classrooms. ASCD, Alexandria (1993)
Brown, J.S., Collins, A., Duguid, P.: Situated cognition and the culture of learning. Education Researcher 18(1), 32–41 (1989)
Collins, A., Brown, J.S., Newman, S.E.: Cognitive apprenticeship: Teaching the crafts of reading, writing, and mathematics. In: Resnick, L.B. (ed.) Knowing, learning, and instruction: Essays in honor of Robert Glaser, pp. 453–494. Lawrence Erlbaum, Mahwah (1990)
Fosnot, C.: Constructivism: Theory, perspectives, and practice. Teachers College Press, New York (1996)
Santos, J.: Developing and Implementing an Internet-Based Financial System Simulation Game. Journal of Economic Education 33, 31–40 (2002)
Khan, B.H.: Web-based instruction. Educational Technology, Englewood Cliffs (1997)
Lee, M.-G.: Profiling students adaptation styles in Web-based learning. Computer & Education 36, 121–132 (2001)
Kindley, R.W.: Scenario-Based E-Learning: A Step Beyond Traditional E-Learning, Learning circuits (2002), published on web site: http://www.learningcircuits.org/2002/may2002/kindley.html
Steffe Leslie, P., Gale, J. (eds.): Constructivism in education. Lawrence Erlbaum, Hillsdale (1995)
Rih-Wu, Y.: Modern investment theory skills and application. FCMC press, Taiwan (2000)
Bodie, Z., Kane, A., Marcus, A.J.: Investments, 4th edn. McGraw-Hill, New York (1999)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2006 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Chen, AP., Chiu, HY. (2006). Design of Web-Based Financial Learning Environment. In: Nejdl, W., Tochtermann, K. (eds) Innovative Approaches for Learning and Knowledge Sharing. EC-TEL 2006. Lecture Notes in Computer Science, vol 4227. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11876663_54
Download citation
DOI: https://doi.org/10.1007/11876663_54
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-45777-0
Online ISBN: 978-3-540-46234-7
eBook Packages: Computer ScienceComputer Science (R0)