Games are familiar to most people as pastimes, and therefore it is easy to motivate students to play them. Learning takes place almost unnoticed as a by-product of interacting with others when playing. Games have clear similarities with economics perspectives on the structure of the economy.
The Games in financial education site provides information on finance-related digital games, learning environments, role-playing games, business simulations, stock market games, board games and escape room games. In addition, the page has tips on how teachers can use games to support teaching.
The site also provides research information on the effects of games and gamified learning environments on financial literacy. Studies show that games have a positive impact on learning financial concepts, and that they improve financial knowledge in particular. The studies find, however, that the impact of games on financial behaviour is not unequivocal.
The website has been implemented in collaboration with Panu Kalmi, Professor of Economics at the University of Vaasa.
Read more on the Games in financial education site and check out the games themselves!