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Only Paul Could Go To Changchun

Teaching foreign exchange market issues in business education 

12/30/2016

 
Here.

This paper presents a classroom experiment that places students directly into the learning environment and allows them to make foreign exchange decisions in simulated market arena. The experiment offers students hands-on experience that assists them in understanding the workings of foreign exchange auction type markets in particular and of business operating in a market economy in general. After participating in the auction process, a short debriefing session is conducted to enhance the effectiveness of their learning experience. Students are also given an opportunity to interact with team players, to compete against other students, and to receive an appreciation of the pressures faced in the high speed market industry. The experiment described can be successfully adopted in the undergraduate finance education This classroom experiment is based on an original concept published by Zapalaski, Flanegin,and Rudd, enhanced to include portfolio rebalancing within stock auction markets by Flanegin, Zapalaski, Rudd. 


From:

Frank Flanegin
Robert Morris University

Alina Zapalska
Marshall University

Denis Rudd
Robert Morris University

Pat Litzinger
Robert Morris University

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