While the importance of financial education increases in recent years, the technique for deepening an understanding of finance theory is needed. In this research, we analyize learning method of the finance theory about the investment project selection and capital structure determination using the business game technique. As a result of analysis, the participant understood the investment project selection method and interesting phenomena – an understanding progresses about the method of determining the capital structure which raises capital stock value – were seen. These results show the effectiveness of the business game technique to study of finance theory.
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