Business Games and Stock Market: An analysis of students’ learning in a Business Administration course

Abstract

This paper addresses the use of experiential learning to improve knowledge about the capital market, by applying a program with business games, using an electronic simulator of the Brazilian stock market. The objective was analyzing the cognitive domain of the participants after application of an educational program about the capital market, using a business game tailored for stock market trading. The descriptive study, with a quantitative approach, used the quasi-experiment technique to collect data on the learning of undergraduate business administration students at a federal university located in the state of Rio de Janeiro, Brazil. The data were submitted nonparametric statistical analysis with the inferential Mann-Whitney U-test as well as tests of comparison of medians. The results revealed statistically significant differences in assimilating knowledge between the groups of participants. The G1 group, whose theoretical content was exposed before the game application, showed an assimilation of superior knowledge. In this sense, it was possible to conclude that the way the educational program with the business game was applied affected the students’ assimilation of knowledge.

Gamification in education: A citation network analysis using CitNetExplorer

“…The paper on simulation games used in operations management concluded that simulation tools were more effective than traditional teaching methods for developing higher-order decision-making skills required for dealing with complex problems in operations management (Pasin & Giroux, 2011). Finally, Oliveira and Melo's (2020) study of the use of an electronic simulation of the Brazilian stock market found that this approach delivered significant benefits to student acquisition of skills and knowledge related to stock trading in capital markets.…”

Student-Staff Partnerships, Internally Generated Revenue and Financial Inclusion towards Entrepreneurial Venture in Nigerian Universities: Systematic Review of Literature

“…According to Abbas & Andras (2017) research, entrepreneurship instruction can boost students' perceived entrepreneurial selfefficacy and perceived desirability for launching new businesses, which in turn can boost their entrepreneurial intentions for starting new businesses. Oliveira & Melo, (2020) experiential learning techniques like serious business games can raise students' awareness of their need for further education as well as the challenges of entrepreneurship and business management. Overall, the papers suggest that SSP can have an impact on EV creation in universities by giving students the skills and resources they need to launch their businesses.…”