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  • 标题:Mathematics in finance and economics: importance of teaching higher order mathematical thinking skills in finance
  • 本地全文:下载
  • 作者:Gurudeo Anand Tularam
  • 期刊名称:e-Journal of Business Education & Scholarship of Teaching
  • 印刷版ISSN:1835-9132
  • 出版年度:2013
  • 卷号:7
  • 期号:1
  • 页码:43-73
  • 出版社:Australian Business Education Research Association
  • 摘要:This paper addresses the importance of teaching mathematics in business and financeschools of tertiary institutions of Australia. The paper explores the nature of thinkingand reasoning required for advancement financial or economic studies involves the useof higher order thinking and creativity skills (HOTS) for teaching in mathematicsclasses. The paper demonstrates how various skills required in finance are related tothe mathematical way of thinking and reasoning. The 2007 global crisis has focusedattention on financial thinking generally and mathematics teaching of finance inparticular for the lack of skills by finance personnel. This could be addressed throughstudent learning and teaching by reshaping business schools to include well designedfinancial mathematics courses that are compulsory, in degree programs. Themathematical reasoning patterns, thinking, explanations, simplifications required intransfer of knowledge to students is effectively taught if experts in the field areexplicating or presenting proofs. The essence of the conceptual development ofmodels and their assumptions and solutions requires training beyond those of the nonmathematicspersonnel, mainly due to their lack of years of time spent on suchmathematically work. If the methodology described is adhered to our future businessand finance students could be afforded a better educational experience inmathematical thinking and reasoning as well as higher order thinking and creativeskills in their courses and degree programs.
  • 关键词:Financial mathematics; applied mathematics; higher order thinking;(HOTS); mathematical reasoning; finance education
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