Title

Wizard of Finance: A Unique Board Game Created to Learn Nuances of Dalal Street.

Authors

Bhatt, Suyash

Abstract

This paper explores pedagogy of teaching various economic and finance concepts using board game and propose a board game called Wizard of Finance which can be used to teach nuance of Dalal Street. In this era of information explosion it is very important for educators to emphasise on analysis than on information. Traditionally emerging market education systems faculties are expected to deliver information rather than analysis both at undergraduate and post graduate level. This leads to students focussing more on memorising information and theory rather than apply them for solving or understanding a problem. We aim to explain how various sectors are affected due to changes in both macro-economics and micro-economics variables with reference to India. We have closely identified sectors and respective variable which affect those sectors. We have selected two or three stocks in each sector based on their market capitalisation. This is first of its kind board based game designed specifically for learning difficult finance concept using board game. The outcome of this exercise would be developing critical and analytical thinking.

Subjects

BOARD games; EDUCATIONAL games; FINANCE education; FINANCIAL management education; MICROECONOMICS education

Publication

Aweshkar Research Journal, 2016, Vol 21, Issue 2, p37

ISSN

0974-1119

Publication type

Academic Journal