Enhancing student's learning through trading simulation: a vehicle for experiential learning: an action research

Abstract

Chalk and talk have been replaced by innovative methods of student engagement in higher education. Current research reports use of Tadawul's trading simulator, which captures the student's learning experience on usage of trade simulation. Fourteen undergraduate (finance track) students participated in this game over a period of 60 days. Survey results revealed that students had positive learning experience through experiential learning. 86% of the students strongly agreed that simulation helped to understand the concepts better and they enjoyed the activity. 79% of the students were in strong agreement with their group activity for simulation. 64% students strongly agreed in terms of perception of realism and employability. Students suggested increasing the time period, replacing the traditional exam by the simulation to be used as assessment technique. Overall, simulation has built better understanding of concept of finance through concrete experience of reflective observation and ability to solve complex finance problems.