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ERIC Number: EJ843805
Record Type: Journal
Publication Date: 2006
Pages: 15
Abstractor: As Provided
Reference Count: 69
ISBN: N/A
ISSN: ISSN-1011-3487
Business Simulations in Financial Management Courses: Implications for Higher Education
Wolmarans, H. P.
South African Journal of Higher Education, v20 n2 p352-366 2006
Business simulations provide a teaching method that typically yields (1) more hands-on experience, (2) a higher level of excitement, (3) a higher noise level (and yet a lower incidence of problems), and (4) more commitment than traditional methods of teaching (McLure 1997, 3). Business simulations are experiential learning opportunities that have been successfully used for higher education in a wide range of disciplines. They are also ideally suited for use in adult education, where the focus is more on facilitating learning than traditional methods of knowledge transfer are. This article reports on a study that examines the value added by business simulations in a financial management course, as perceived by the learners. The reasons why learners experience this teaching method as positive are investigated. It would seem that higher education in financial management has much to gain from a wider application of business simulations. (Contains 3 tables and 2 figures.)
Unisa Press. Preller Street, P.O. Box 392, Muckleneuk, Pretoria 0003, South Africa. Tel: +27-24-298960; Fax: +27-24-293449; e-mail: sajhe@vodamail.co.za; Web site: http://www.sajhe.org.za
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A