A Note on Storytelling and Socratic Method as a Hybrid Pedagogical Tool for Teaching Finance to Management Students
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Code : FAC0067
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Region : global
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Abstract: Several factors may hinder the implementation of Outcome-Based Education (OBE) in a finance course within a management program. These include being accustomed to a sum-based approach and the inability to visualize business situations effectively. Hence, the need of the hour is to combine innovative pedagogies to help attain learning outcomes in finance, as institutes target skillability rather than rote examination learning. This technical note entails a unique formalized hybrid model that leverages storytelling to engage students in learning and teaching, followed by the Socratic method of teaching, which helps cement the concepts taught in class. The method has the virtues of both behaviorism and constructivism – the two pedagogical schools of thought that can engage the student in the teaching-learning process and help attain the overall goals of outcome-based education. |
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Pedagogical Objectives:
Keywords : Finance education; OBE; Pedagogy; Storytelling; Socratic Method
Contents :
» Introduction
» Story Telling Followed By Socratic Method As A Teaching Pedagogy
» Linking Storytelling And Socratic Method To Outcome-Based Education
» Illustration 1: teaching the accrual concept versus cash concept with mr. And mrs. Bottlewaala
» Illustration 2: Teaching Capital Structure Through Family Analogy
» Discussion
» Exhibits
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