If you have a Finance Lab and want to learn more about utilizing simulations – check out the academic workshop organized by Bruce Weber and Richard Jakotowicz from Lerner College, Robert Schwartz from Baruch College and Gregory Sipress from TraderEx.

The event will be held at the Exelon Trading Center at Lener College of Business & Economics at the University of Delaware on Friday, May 18th.
Markets lie at the heart of economic activity. Their operations are exciting to study, but in many classes they are simply taken to be perfectly liquid, frictionless environments.
To date, the vast potential of educational trading rooms to demonstrate economic concepts has remained largely untapped.
The seminar will address these issues with the objective of injecting more excitement and real world relevance into our classes. Trading simulation software will be used to show how students can learn more about market operations by being placed in a ′′live′′ (albeit simulated) marketplace where they submit orders, discover prices, trade, and are assessed by rigorous performance measures. Live markets can illustrate concepts such as demand curves, reservation prices, market imperfections, and consumer/producer surplus.
Program
- 8:30 Registration & Coffee
- 9:00 Welcoming Remarks
- 9:15 Sparking Excitement about Economics
- 9:30 Labs and Simulations as Learning Tools
- 10:00 Introduction to TraderEx
- 10:30 Coffee Break
- 11:00 The Economic Structure of an Order Driven Market: Simulation
- 12:30 Lunch
- 1:15 From Demand Curves to Market Outcomes: A Microstructure Application
- 2:00 The Economic Structure of a Call Auction: Discussion and Simulation
- 3:00 Seminar Ends
Want to Register? Send an email to Wendy Holmes holmesw@udel.edu for more information.