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| Principles
of Financial Investment
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Sequence |
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The learning design involves students being immersed in an
authentic task through the use of an interactive multimedia
CD-ROM. View the Learning Design Sequence for a graphical
representation of this learning design.
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Tasks |
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Students use a interactive multimedia program on CD-Rom whereby
they are required to invest $100,000 over a period of six
quarters...
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Resources |
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The main resource of this learning design is the interactive
multimedia program. In this program, the students can watch
news items, listen to "experts", read information
and watch their own progress as they "warp" through
the program. They have the opportunity to learn from experience.
In the first two quarters they have the unique opportunity
of back tracking to re-invest based on what they learn after
they "warp"...
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Supports |
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The support strategies incorporated into the learning design
are pivotal to the design of the environment. They were devised
in the first instance and the design of the environment fell
out of these...
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Setting
Notes |
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The program formed one module within a unit of study. However,
the students also found that they could use certain elements
within other units, eg, law, accounting and more advanced
finance unit...
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Outcomes |
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A basic understanding of the processes involved in investing
in the stock market, including the application of formulae
to predict outcomes...
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Assesment |
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As this was supposed to be a realistic, real world experience,
the assessment was implemented through the accumulation of
wealth by investing wisely and application of theory...
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ICT
Contribution |
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ICT provides immersion in a fantasy world where students
can complete authentic tasks without the danger of failure...
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Pedagogy
Notes |
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The interactive multimedia program was designed as a means
of testing engagement and motivation...
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History |
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The project was begun within the Faculty of Business to provide
an exemplar for other staff on the use of multimedia as a
teaching tool...
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Evaluation |
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The research on the microworld formed the basis of a Ph.D
study. The study set out to define the characteristics of
adult motivation and engagement in learning, and to identify
a set of guidelines for the development of engaging and motivating
interactive multimedia...
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Designer
Debrief |
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The most unexpected result was where students maintained
their interest after they had completed the program, and reported
that they were reading The Financial Review, The Economist,
and were talking to experienced investors about some of the
principles...
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