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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
Using Role-play as a Teaching and Assessment  Strategy in a Changing Economic Environment
L
E
A
R
N
I
N
G

O
U
T
C
O
M
E
S
Aims of the roleplay:



STUDENT                                    Act in a                           Creative         Confident
ACHIEVEMENT           Professionally
                                            Global        Employable            and             in own
What learners can      Competent
                                           context                           Innovative          ability
expect to be able
to do

MODULE
                      Professionally                                         Constantly         Personal
What the roleplay                          Roleplay        Lifeskills
                        Oriented                                              evolving        Development
entails



LEARNING                                                                     Innovation
What and how            Discipline
                                         “Real world”    Team working          through           Formal
students will learn       focus
                                                                                action
from rolplay



ACTING                                    Informed                        Experimental and
                                                        Appropriate use
What students can     Subject experts         by                          Innovation driven    Facilitative
                                                         of technology
expect to do in                            research
roleplay


EXPECTATIONS                              Willing to
What we expect of     Willing to learn                     Take risks      Generate ideas      Can reflect
                                          particpate
students in
roleplay
Implications for practice
Using Role-play as a Teaching and Assessment  Strategy in a Changing Economic Environment
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)?
Using Role-play as a Teaching and Assessment  Strategy in a Changing Economic Environment
Methods used to collect data
Key findings
       Students 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?

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Using Role-play as a Teaching and Assessment Strategy in a Changing Economic Environment

  • 1. Marie Finnegan Using roleplay as an assessment strategy in economics 11th October 2012 LIN 2012
  • 2. Structure of presentation • Background • Aims • Implications for practice • Methods used to collect data • Key findings • Conclusion
  • 3. Background • International Money and Central Banking • Introduced in GMIT in 2009 • 100% Continuous Assessment
  • 6. Aims of the roleplay: STUDENT Act in a Creative Confident ACHIEVEMENT Professionally Global Employable and in own What learners can Competent context Innovative ability expect to be able to do MODULE Professionally Constantly Personal What the roleplay Roleplay Lifeskills Oriented evolving Development entails LEARNING Innovation What and how Discipline “Real world” Team working through Formal students will learn focus action from rolplay ACTING Informed Experimental and Appropriate use What students can Subject experts by Innovation driven Facilitative of technology expect to do in research roleplay EXPECTATIONS Willing to What we expect of Willing to learn Take risks Generate ideas Can reflect particpate students in roleplay
  • 9. 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
  • 10. 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
  • 11. 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:
  • 13. 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)?
  • 15. Methods used to collect data
  • 16. Key findings Students 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
  • 17. Conclusion Roleplay Innovative and effective teaching and assessment method that can be incorporated into economics module in the IOT sector Questions?