Educational Game on Cryptocurrency Investment: Using Microeconomic Decision-Making to Understand Macroeconomics Principles

J. Zhu and L. Zhang ()
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J. Zhu: Yale University
L. Zhang: Duke Kunshan University

Eastern Economic Journal, 2023, vol. 49, issue 2, No 9, 262-272

Abstract: Abstract Gamification is an effective strategy for motivating and engaging users, which is grounded in business, marketing, and management by designing games in nongame contexts. Gamifying education, which consists of the design and study of educational games, is an emerging trend. However, the existing classroom games for understanding macroeconomics have weak connections to the microfoundations of individual decision-making. We design an educational game on cryptocurrency investment for understanding macroeconomic concepts in microeconomic decisions. We contribute to the literature by designing game-based learning that engages students in understanding macroeconomics in incentivized individual investment decisions. Our game can be widely implemented in online, in-person, and hybrid classrooms. We also reflect on strategies for improving the user experience for future educational game implementations.

Keywords: Educational games; Active learning; Crypto-asset investment; Gamification; Rule and discretion (search for similar items in EconPapers)
JEL-codes: A20 C90 D90 H J K (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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DOI: 10.1057/s41302-023-00240-7

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