1. Collaborative Learning in Finance and Investment using Wiki Osama S M Khan 5 th Annual European Real Estate Society Education Seminar Vienna University of Technology Vienna, Austria 4 – 5 December 2009

2. Background  Undergraduate Level 3 (final year) optional module in Finance and Investment that requires rigour and intellectual challenge  Participants tend to be reluctant in group work besides being bored by traditional essay/project writing  Module contents are predominantly designed by lecturers with minimum enquiry-led intervention to encourage curiosity among participants  Lack of assessments involving experiential learning in the curriculum  Lack of professional and transferrable skills integration in the module even at level 3

3. Consultation Groups SolutionEmployers Education Experts Technology Experts Academics in Finance & Investment

4.  Rigorous technical training with practical implications  Awareness of recent and relevant research literatures  Awareness of current economic and financial climate  Integrated employability agenda: transferable skills, professional aptitude etc.

5. Education Experts  Enquiry based learning  Collaboration and peer review  Interactive and participatory learning  Higher order cognitive learning

6. Technology Experts  Use of ULearn: existing virtual learning environment  Use of blogs and discussion forums  Use of digital media  Use of Wiki

7. Employers  Technically knowledgeable and numerate  Ability to process large amount of information in relatively short period of time: assessment, sorting, screening, evaluation, analysis etc.  Excellent team worker with collaborative approach, team building and leadership  Time management skills  Creative problem solving capacity: adaptability, open-mindedness etc.

8. Some Existing Literature on Wiki  The effects of using a wiki on student engagement and learning of report writing skills in a university statistics course. Australasian Journal of Educational Technology, 2009, vol. 25, no. 3, p. 382-398, ISSN: 1449-5554. Neumann-D-L, Hood-MNeumann-D-LHood-M  Wiki as a Collaborative Learning Tool in a Language Arts Methods Class. Journal of Research on Technology in Education, Fall 2009, vol. 42, no. 1, p. 51-72, pp. 22, 46 refs., ISSN: 1539-1523. Matthew-Kathryn-I, Felvegi-Emese, Callaway-Rebecca-AMatthew-Kathryn-IFelvegi-EmeseCallaway-Rebecca-A  Enhancing managerial competencies through a wiki-learning space. International Journal of Continuing Engineering Education and Life-long Learning, 2009, vol. 19, no. 2-3, p. 166-178, ISSN: 1560-4624. Elia-Gianluca, Margherita-Alessandro, Taurino-CesareElia-GianlucaMargherita-AlessandroTaurino-Cesare  Wikis to Support the "Collaborative" Part of Collaborative Learning. International Journal of Computer Supported Collaborative Learning, Dec 2009, vol. 4, no. 4, p. 371-402, pp. 32, 0 refs., ISSN: 1556-1607. Larusson-Johann-Ari, Alterman-RichardLarusson-Johann-AriAlterman-Richard  Uses and Potentials of Wikis in the Classroom. Innovate Journal of Online Education, Jun-Jul 2006, vol. 2, no. 5, pp. 8, 23 refs., ISSN: 1552-3233. Ferris-S-Pixy, Wilder-HilaryFerris-S-PixyWilder-Hilary  A Systemic and Cognitive View on Collaborative Knowledge Building with Wikis. International Journal of Computer Supported Collaborative Learning, Jun 2008, vol. 3, no. 2, p. 105-122, pp. 18, 0 refs., ISSN: 1556-1607. Cress-Ulrike, Kimmerle-JoachimCress-UlrikeKimmerle-Joachim

9. Wiki-based Solution  An assessment trial with 20 students in 2008 – 2009 academic year  5 groups with 4 members each had to complete three projects involving real life data by using dedicated Wiki space  Each of the project was time-bound  Groups were provided with real life data, other relevant information, and basic training on how to use a Wiki

10. Wiki-based Projects  Constructing efficient frontiers (optimized portfolios) using diversified assets including real estate investment e.g. REITs  Valuation of UK Gilt-edged securities using the UK Debt Management Office formulas for appropriate yield calculation in real estate valuation  Analysis of pre-budget report to identify budgetary impact on small and medium sized firms with regards to real estate investment

11. Wiki-Based Assessment: An Example Group Name: Task Masters …

12. Our group worked very efficiently on the Wiki, we managed a lot of work in such a little time … Very intensive assignments and tiring. We learnt by exploring ideas and concepts using information and data. Wiki space was “Wicked” … really liked it! The wiki was not very easy to get on … some more training was needed … liked the fact that we can incorporate anything in our assignment like digital stuff … Wiki … way to go … really liked the collaborative assignments although too much work for one module … Participants’ Feedback

13. Wiki-based Collaborative Assessments Notable Outcomes  Participants need to have appropriate training in how to use a Wiki  Assignments needs to be well planned based on real life data and information  Participants need to be encouraged to be creative and analytical  Too many or too long assessments may spoil the charm although semester long continuous work can be set  Lecturers need to facilitate Enquiry Based Learning (EBL)  We have adopted use of Wiki for all participants in this module from this academic year (2009 – 2010) for their group project

14. Wiki in Academia and Industry Case Studies at http://pbworks.comhttp://pbworks.com

15. Any Questions?