A Pit Trading Simulaton Approach to Teaching Market Structure

A Pit Trading Simulaton Approach to Teaching Market Structure

This paper details the use of a pit trading environment to teach students about market structure. As a part of this process, students learn about Iowa Electronic Market (IEM) style contracts and the mechanics of trading in a physical pit environment. We demonstrate that students had a high degree of...

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Veröffentlicht in:Journal of financial education 2010-04, Vol.36 (1/2), p.89-104
Hauptverfasser: Brown, Jeff, Clements, Jonathan, Grieb, Terrance, West, Christian
Format: Artikel
Sprache:eng
Schlagworte:
Arbitrage
Clearinghouses
Contracts
Federal Reserve Bank
FINANCE PEDAGOGY
Financial market structures
Financial securities
Market prices
Monetary policy
Open markets
Outcomes of education
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Zusammenfassung:This paper details the use of a pit trading environment to teach students about market structure. As a part of this process, students learn about Iowa Electronic Market (IEM) style contracts and the mechanics of trading in a physical pit environment. We demonstrate that students had a high degree of interest in learning with this structure, and that significant learning occurred for all of our relevant learning outcomes.
ISSN:0093-3961
2332-421X