Educational Game on Cryptocurrency Investment: Using Microeconomic Decision Making to Understand Macroeconomics Principles

Fuente: arXiv
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Main Authors: Zhu, Jiasheng, Zhang, Luyao
Format: Preprint
Published: 2023
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author Zhu, Jiasheng
Zhang, Luyao
author_facet Zhu, Jiasheng
Zhang, Luyao
contents Gamification is an effective strategy for motivating and engaging users, which is grounded in business, marketing, and management by designing games in nongame contexts. Gamifying education, which consists of the design and study of educational games, is an emerging trend. However, the existing classroom games for understanding macroeconomics have weak connections to the microfoundations of individual decision-making. We design an educational game on cryptocurrency investment for understanding macroeconomic concepts in microeconomic decisions. We contribute to the literature by designing game-based learning that engages students in understanding macroeconomics in incentivized individual investment decisions. Our game can be widely implemented in online, in-person, and hybrid classrooms. We also reflect on strategies for improving the user experience for future educational game implementations.
format Preprint
id arxiv_https___arxiv_org_abs_2301_10541
institution arXiv
publishDate 2023
record_format arxiv
spellingShingle Educational Game on Cryptocurrency Investment: Using Microeconomic Decision Making to Understand Macroeconomics Principles
Zhu, Jiasheng
Zhang, Luyao
General Economics
Economics
Cryptography and Security
Computational Finance
General Finance
J.4; K.3.1; K.3.2; H.5.2
Gamification is an effective strategy for motivating and engaging users, which is grounded in business, marketing, and management by designing games in nongame contexts. Gamifying education, which consists of the design and study of educational games, is an emerging trend. However, the existing classroom games for understanding macroeconomics have weak connections to the microfoundations of individual decision-making. We design an educational game on cryptocurrency investment for understanding macroeconomic concepts in microeconomic decisions. We contribute to the literature by designing game-based learning that engages students in understanding macroeconomics in incentivized individual investment decisions. Our game can be widely implemented in online, in-person, and hybrid classrooms. We also reflect on strategies for improving the user experience for future educational game implementations.
title Educational Game on Cryptocurrency Investment: Using Microeconomic Decision Making to Understand Macroeconomics Principles
topic General Economics
Economics
Cryptography and Security
Computational Finance
General Finance
J.4; K.3.1; K.3.2; H.5.2
url https://arxiv.org/abs/2301.10541