collaborative learning in finance and investment using wiki osama s m khan 5 th annual european real...
TRANSCRIPT
Collaborative Learning in Finance
and Investment using WikiOsama S M Khan
5th Annual European Real Estate Society Education SeminarVienna University of Technology
Vienna, Austria4 – 5 December 2009
Background Undergraduate Level 3 (final year) optional module in Finance and
Investment that requires rigour and intellectual challenge
Participants tend to be reluctant in group work besides being bored by traditional essay/project writing
Module contents are predominantly designed by lecturers with minimum enquiry-led intervention to encourage curiosity among participants
Lack of assessments involving experiential learning in the curriculum
Lack of professional and transferrable skills integration in the module even at level 3
Consultation Groups
Solution
Employers
Education Experts
Technology Experts
Academics in Finance & Investment
Academics in Finance & Investment
Rigorous technical training with practical implications
Awareness of recent and relevant research literatures
Awareness of current economic and financial climate
Integrated employability agenda: transferable skills, professional aptitude etc.
Education Experts
Enquiry based learning
Collaboration and peer review
Interactive and participatory learning
Higher order cognitive learning
Technology Experts
Use of ULearn: existing virtual learning environment
Use of blogs and discussion forums
Use of digital media
Use of Wiki
Employers
Technically knowledgeable and numerate
Ability to process large amount of information in relatively short period of time: assessment, sorting, screening, evaluation, analysis etc.
Excellent team worker with collaborative approach, team building and leadership
Time management skills
Creative problem solving capacity: adaptability, open-mindedness etc.
Some Existing Literature on Wiki
The effects of using a wiki on student engagement and learning of report writing skills in a university statistics course. Australasian Journal of Educational Technology, 2009, vol. 25, no. 3, p. 382-398, ISSN: 1449-5554. Neumann-D-L, Hood-M
Wiki as a Collaborative Learning Tool in a Language Arts Methods Class. Journal of Research on Technology in Education, Fall 2009, vol. 42, no. 1, p. 51-72, pp. 22, 46 refs., ISSN: 1539-1523. Matthew-Kathryn-I, Felvegi-Emese, Callaway-Rebecca-A
Enhancing managerial competencies through a wiki-learning space. International Journal of Continuing Engineering Education and Life-long Learning, 2009, vol. 19, no. 2-3, p. 166-178, ISSN: 1560-4624. Elia-Gianluca, Margherita-Alessandro, Taurino-Cesare
Wikis to Support the "Collaborative" Part of Collaborative Learning. International Journal of Computer Supported Collaborative Learning, Dec 2009, vol. 4, no. 4, p. 371-402, pp. 32, 0 refs., ISSN: 1556-1607. Larusson-Johann-Ari, Alterman-Richard
Uses and Potentials of Wikis in the Classroom. Innovate Journal of Online Education, Jun-Jul 2006, vol. 2, no. 5, pp. 8, 23 refs., ISSN: 1552-3233. Ferris-S-Pixy, Wilder-Hilary
A Systemic and Cognitive View on Collaborative Knowledge Building with Wikis. International Journal of Computer Supported Collaborative Learning, Jun 2008, vol. 3, no. 2, p. 105-122, pp. 18, 0 refs., ISSN: 1556-1607. Cress-Ulrike, Kimmerle-Joachim
Wiki-based Solution
An assessment trial with 20 students in 2008 – 2009 academic year
5 groups with 4 members each had to complete three projects involving real life data by using dedicated Wiki space
Each of the project was time-bound
Groups were provided with real life data, other relevant information, and basic training on how to use a Wiki
Wiki-based Projects
Constructing efficient frontiers (optimized portfolios) using diversified assets including real estate investment e.g. REITs
Valuation of UK Gilt-edged securities using the UK Debt Management Office formulas for appropriate yield calculation in real estate valuation
Analysis of pre-budget report to identify budgetary impact on small and medium sized firms with regards to real estate investment
Our group worked very efficiently on the Wiki, we managed a lot of work in such a little time …
Very intensive assignments and tiring. We learnt by exploring ideas and concepts using information and data. Wiki space was “Wicked” … really liked it!
The wiki was not very easy to get on … some more training was needed … liked the fact that we can incorporate anything in our assignment like digital stuff …
Wiki … way to go … really liked the collaborative assignments although too much work for one module …
Participants’ Feedback
Wiki-based Collaborative AssessmentsNotable Outcomes
Participants need to have appropriate training in how to use a Wiki
Assignments needs to be well planned based on real life data and information
Participants need to be encouraged to be creative and analytical
Too many or too long assessments may spoil the charm although semester long continuous work can be set
Lecturers need to facilitate Enquiry Based Learning (EBL)
We have adopted use of Wiki for all participants in this module from this academic year (2009 – 2010) for their group project
Wiki in Academia and IndustryCase Studies at http://pbworks.com
Any Questions?