On the last Saturday (23 Jan 2021), we have successfully tested our teaching case – Balance of Payment. The aim of this test run is to examine whether our game design of this teaching case is effective to deliver the message behind.
Balance of Payment is a teaching case that introduces Current Account and Capital Account. Current Account refers to the trade of goods and services, and Capital Account refers to the exchange of money and certificates. In international trade, these two accounts are balanced in nature. If we have a trade surplus (Exports > Imports, Current Account deficit), it means simultaneously we have capital inflow (Capital Account surplus). It is because we sell more of our goods and services to other countries (deduction in Current Account), but we earn more money from selling these goods and services (gain in Capital Account). No matter how many trades we will have, the values of these two accounts should be the same. Thus, it is called Balance of Payment.
We recruited several students from other departments of the CUHK to participate in this test run. With explanations after the game, the participants successfully understood the intuition of this teaching case. They have provided invaluable experiences and suggestions for our further development of the game design afterwards.
We would like to appreciate all the works of our student helpers, the participation and suggestions of the subjects.