2S08 Money: How it Works

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Tutor/Facilitator Barry Cooper

Date: on/from Tue 29 Oct 2019 to Tue 29 Oct 2019
Frequency: Weekly for 4 weeks
Class time: 11:30-1:00

Mary Kehoe Centre, Room 3

Other information

The thing about money is that it’s always moving. Lots of people are making decisions (wise or otherwise) about where it should move to … investment decisions, saving decisions, hedging decisions.
To know how money works, you need to see how these decisions are made – and what better way than doing it yourself.
In this series, you’ll plug into a simulated money world and manage a portfolio of cash and other assets against a backdrop of ever-changing (and price-sensitive) events.
It’s a game – and it’s only pretend money, but like real money there’s always competition. In this game, it’s for a place at the top of a Portfolio Leaderboard.
This is not financial advice and it’s not about getting rich. It’s about seeing how the financial system works.

NOTE: You’ll need to bring a laptop or a tablet that can connect to WiFi.

TUTOR: Since qualifying as a civil engineer, an architect and town planner Barry’s very diverse career has included work with Government and the entrepreneurial services division of global consulting firm Ernst & Young and starting his own business, Cooper Advisory. He became one of the founding directors of the Bendigo Stock Exchange, now the National Stock Exchange of Australia (NSX) which specifically offers services to small but growing business on their way to the ASX … and Frankfurt. Out of that experience Barry built an Internet-based stock market simulation that includes this trading game – its underlying technology is solid enough to provide a private share exchange for companies not yet ready to step up to NSX or ASX.
Over the years Barry’s trading game has been used in business studies courses and programs – Monash University (Melbourne and Kuala Lumpur) and RMIT University, and in countryside Cambodia and Tamil Nadu where village entrepreneurs, village bankers and schools are enthusiastic to absorb business knowledge – and is the core of what you’ll see at U3A.