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Students Form Commodity Pool to Learn about the Futures Market

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  • William I. Tierney

Abstract

Commodity paper trading games are widely used to give students experience in trading. One weakness of these games is that there are no monetary and only minor emotional consequences resulting from the students' trades. To simulate actual trading more realistically, a Student Commodity Pool (SCP) was organized at Kansas State University. Twenty-nine students contributed $100 each to a pool account, formed groups to research and present trade recommendations and then traded actual futures and options contracts. As an experiential learning method, most students gave the class high marks. Other instructors may be able to establish SCPs with approval from the Commodity Futures Trading Commission.

Suggested Citation

  • William I. Tierney, 1989. "Students Form Commodity Pool to Learn about the Futures Market," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 11(2), pages 289-296.
    • Handle: RePEc:oup:revage:v:11:y:1989:i:2:p:289-296.
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    File URL: http://hdl.handle.net/10.1093/aepp/11.2.289
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    Cited by:

    1. Schroeder, Ted & Tierney, William I., Jr. & Kiser, Harvey, 1994. "Experiential Learning Through Trading Agricultural Commodities," 1994 Annual Meeting, August 7-10, San Diego, California 271412, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Larry S. Lev & Robert P. King, 1995. "MarketTools: An educational commodity marketing game," Agribusiness, John Wiley & Sons, Ltd., vol. 11(2), pages 187-193.

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