The price of textbooks has risen fifteenfold since 1970, three times the rate of inflation. I've written previously (Breaking the textbook drug habit) about this problem, but there is an even better solution for those of you teaching corporate finance/financial management. Ivo Welch, a professor at UCLA, has written a corporate finance textbook with a free … Continue reading Free corporate finance textbook
The New York Times had a great article about getting the most out of college. I'm going to recommend it to all of my students and advise you to read it too. The article makes the following recommendations to students: You'll get the most out of college if you don't just see it as a … Continue reading How to Get the Most Out of College
While my students eventually learn to do the calculations to solve numerical problems, they often struggle to understand financial concepts. In the past, I gave them a handful of in-class essays that were graded and accounted for 10-20% of their overall grades, thus giving them a strong incentive to pay close attention to our discussion … Continue reading Teaching financial concepts (v1.1)
I used to be a banker, but I lost interest. Take all your savings and buy some good stock and hold it till it goes up, then sell it. If it doesn't go up, don't buy it. A client asks his adviser, "is all my money really gone?" "No, of course not," the adviser says. "It’s just … Continue reading Best finance jokes
While many people think that great teachers are born, there is a growing body of evidence showing that great teachers can be made. While most of the research was done at the primary and secondary education levels, many of the findings are applicable to tertiary education, including college finance. Research by the Sutton Trust and the University … Continue reading Teaching best practices and myths
Stock market games, such as Virtual Stock Exchange, SmartStocks, Wall Street Survivor, or How the market works, seem like a good way of engaging students in an investments course. Students buy and sell stocks and are ranked by their performance. However, I try to discourage my students from participating in these trading simulations as much as … Continue reading Why I don’t use stock market games anymore
Over the years, I've experimented with new teaching tools and approaches to increase the level of engagement in my finance classroom, with various levels of success. Here are the ones that I'm still actively using: Flipped classroom Classroom response system (iClickers and Tophat) In-class essays Online homework (Accepi and Connect Finance) Online Q&A sites/forum (Piazza) … Continue reading Ask me anything about the flipped classroom, clickers, simulations, etc.