In recent years, MSM-MBA Program has applied MyFinanceLab as a studying platform for the course of Finance for Managers. Being an application software which enables a direct interaction between learners and a wide range of materials and assignments, MyFinanceLab helps MSM-MBA students to deepen their understandings of what they have learned and then to apply into practice from solving small financial assignments to evaluating long-term investment projects.
What’s new with studying Finance at MSM-MBA Program?
Speaking about this learning method, Prof. Piman Limpaphayom – MSM-MBA’s lecturer – from Portland State University (USA) mentioned: “Thanks to MyFinanceLab, the understanding level of learners is increased many times compared to the traditional learning way in which lecturers speaking and students listening and recording. Students at MSM-MBA Program are required to read the e-book before class, practice simple assignments and then right away check the results given by this software. If they want to find a smarter solution, the software can support it.”
The advantage of using MyFinanceLab is that it allows many trials under many different contexts and as a result, learners can feel more confident with what they have learned from the course.
Then with MyFinanceLab, which supports theoretical contents and demonstration exercises, is it still necessary for a lecturer to teach in class?
For subjects such as Finance, the world is changing all the times and it requires a constant updating of practical issues. Class time is necessary when students can apply their self-accumulated knowledge from MyFinanceLab to better understand these practical issues. In a lecturing session by Prof. Piman, he discussed about the capibility of forcasting the 1997 South-East Asian currency crisis originated from Thailand from the yield curve data set from time to time. It is especially interesting that participants can understand the interest rate curve written in the book, in fact, could be drawn by FED (Federal Reserve System) for different countries over different periods. With Big data from many governments, with their ability to read and understand the meaning of the interest rate curves, learners themselves can test by searching governments’ sites or international organizations (IMF, World Bank), and use this information to predict and serve for the financial decisions of their own investments (short or long term investments) or their companies (interest rate forecasting)
Learning Finance with the application of Big data and supporting softwares as MyFinanceLab in MSM-MBA Program is a great experience!
MSM-MBA Intakes 16, 17, 18, 19, 20 were lucky to have such experiences thanks to the development of technology and big data!
Source: MSM-MBA Program