Using simulation and gaming to develop financial skills in undergraduates

Using simulation and gaming to develop financial skills in undergraduates This research examines the perceived problems with numerical skills applied to subject areas such as operations management and finance. Research has previously shown that a fear of the use of numbers can emanate from the under‐graduates’ secondary schooling and so hamper their further development in higher education. The use of business simulations, set in the hospitality sector, can be of benefit in overcoming this learning barrier. A variety of research instruments have been applied to formally evaluate students’ learning during a number of trials, which have been very successful with undergraduates at the University of Ulster, University of Surrey and more recently at Leeds Metropolitan University. These trials have enhanced learning and reduced student fear of accounts. The way forward in this revolutionary delivery mode will be examined in this paper and indications for further developments will be explored. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Contemporary Hospitality Management Emerald Publishing

Using simulation and gaming to develop financial skills in undergraduates

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Publisher
Emerald Publishing
Copyright
Copyright © 2001 MCB UP Ltd. All rights reserved.
ISSN
0959-6119
DOI
10.1108/09596110110388891
Publisher site
See Article on Publisher Site

Abstract

This research examines the perceived problems with numerical skills applied to subject areas such as operations management and finance. Research has previously shown that a fear of the use of numbers can emanate from the under‐graduates’ secondary schooling and so hamper their further development in higher education. The use of business simulations, set in the hospitality sector, can be of benefit in overcoming this learning barrier. A variety of research instruments have been applied to formally evaluate students’ learning during a number of trials, which have been very successful with undergraduates at the University of Ulster, University of Surrey and more recently at Leeds Metropolitan University. These trials have enhanced learning and reduced student fear of accounts. The way forward in this revolutionary delivery mode will be examined in this paper and indications for further developments will be explored.

Journal

International Journal of Contemporary Hospitality ManagementEmerald Publishing

Published: Jun 1, 2001

Keywords: Costing; Teamwork; Restaurants; Decision making; Competitive strategy; Operations

References

  • Fear of accounts: improving managers competence and confidence through simulation exercises
    Fawcett, S.L

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