Learning International Finance in higher education requires deep understanding which students can find very challenging. While students study the concept of International Finance in the classroom, we could not deny the essential of applying academic theories to the real world environment. For instance, students can comprehend the Efficient Market Hypothesis used to forecasting exchange rates theoretically but it is difficult for them to relate what they have learnt with the actual exchange rates fluctuations. Moreover, the traditional techniques, which largely based upon gaining knowledge from textbooks and lectures, rarely gives students the opportunities to bridge their newfound comprehension to actual situations, resulting in a mismatch between students learning and applying new knowledge (Raymond 2010). Therefore, students requires sufficient skill on applying the academic theory in the real life situation but this can be hard to achieve especially for those students with soft finance or mathematical background. In additions, many …show more content…
And does real-time simulation encourages levels of student preparation and participation? To answer these questions, we use a smart phone application called Metatrader4 for simulating real-time exchange rate which students can trade any major currency pairs the same time as the real currency market. The study was set for junior students majored in International Business enrolled in International Finance course in the past academic year (2014). At the end of the course, we measured success of the course by interviewing some students by doing focus groups. Last but not least, to explore student attitude and engagement, we administered a further questionnaire that sought to measure student opinions on the