Aims of the roleplay:STUDENT Act in a Creative ConfidentACHIEVEMENT Professionally Global Employable and in ownWhat learners can Competent context Innovative abilityexpect to be ableto doMODULE Professionally Constantly PersonalWhat the roleplay Roleplay Lifeskills Oriented evolving DevelopmententailsLEARNING InnovationWhat and how Discipline “Real world” Team working through Formalstudents will learn focus actionfrom rolplayACTING Informed Experimental and Appropriate useWhat students can Subject experts by Innovation driven Facilitative of technologyexpect to do in researchroleplayEXPECTATIONS Willing toWhat we expect of Willing to learn Take risks Generate ideas Can reflect particpatestudents inroleplay
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• 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)?
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 beincorporated into economics module in the IOT sector Questions?