Marie Finnegan

Using roleplay as an assessment strategy in economics

11th October 2012

LIN 2012

Structure of presentation

• Background • Aims• Implications for practice • Methods used to collect data• Key findings • Conclusion

Background

• International Money and Central Banking• Introduced in GMIT in 2009• 100% Continuous Assessment

LEARNING

OUTCOMES

STUDENTACHIEVEMENTWhat learners can expect to be able to do

Professionally Competent

Confident in own ability

EmployableAct in a Global context

MODULEWhat the roleplay entails

ProfessionallyOriented

Personal DevelopmentLifeskills

LEARNINGWhat and how students will learnfrom rolplay

Creative and

Innovative

Roleplay

Discipline focus Team working

Innovation through action

Formal

EXPECTATIONSWhat we expect of students in roleplay

Willing to learn Willing to particpate

ACTINGWhat students can expect to do in roleplay

Subject experts

Take risks Generate ideas

FacilitativeAppropriate use of technology

Experimental and Innovation driven

Constantly evolving

Informed by

research

“Real world”

Can reflect

Aims of the roleplay:

Implications for practice

Implications for practice: Roles

• Chairman of the BOG • Members of Board of Governors• Various Federal Reserve Board presidents • Manager of System Open Market Account • Director of Research and Statistics • Director of Monetary Affairs

Roleplay Participants • Ben Bernanke, Board of Governors, Chairman • William Dudley, President Federal Reserve Bank of New York, Vice Chairman • Elizabeth Duke, Board of Governors • Jeffrey Lacker, President Federal Reserve Bank of Richmond • Dennis Lockhart, President Federal Reserve Bank of Atlanta • Sandra Pianalto, President Federal Reserve Bank of Cleveland • Jerome Powell, Board of Governors • Sarah Bloom Raskin, Board of Governors • Jeremy Stein, Board of Governors • Daniel Tarullo, Board of Governors • John Williams, President Federal Reserve Bank of San Francisco • Janet Yellen, Board of Governors• All vote for policy action• Simon Potter, Manager, Manager of System Open Market Account • William English, Director, Director of Monetary Affairs• David Wilcox, Director, Director of Research and Statistics

Reflection Sheet

• What did you think of the overall approach in the roleplay?

• Name two good things about the approach adopted in the roleplay:

• Name two bad things the approach adopted in the roleplay:

• Name three recommendations you would make:

Reflection Sheet

Reflection Sheet

• Write some comments which describe how you feel about this activity:

• How relevant is this to your chosen programme:• What do I need to focus on most when

considering how this material relates to my work or my career?

• How does this material relate to my organisation (or to an organisation with whom I am familiar)?

Methods used to collect data

Key findingsStudents found that roleplay:

• Met learning outcomes effectively• Provided them with a real insight into current

central banking issues• Encouraged participation due to being marked

individually though group project• Encouraged active learning• Supported retention of material • Provided them with insight into a professional

working environment

Conclusion

Roleplay

Innovative and effective teaching and assessment method that can be

incorporated into economics module in the IOT sector

Questions?