T. Rowe Price Finance Lab

Finance, management departments recognized for teaching outside the box

Two departments in the college of Business and Economics were each recognized for outstanding creative teaching methods with the Innovation in Teaching Award given by the university’s Office of Academic Innovation.

“The beauty of this project is that…students are required to view business problems in a broader light and to think about the real world impact of business activities on their own local community and the diverse stakeholders within it.” – Lori Kiyatkin, Ph.D.

The Department of Finance received the award for incorporating the T. Rowe Price Finance Lab into the finance curriculum. With this sophisticated facility equipped with Bloomberg Professional Services, finance faculty have integrated the lab’s powerful software and data resources into new and existing courses taken not just by students in finance but all disciplines within the college.

“The lab provides an essential experience to students and provides better-trained employees to the regional business community,” wrote finance department chair Babu Baradwaj, Ph.D. “Students have developed enhanced applied skills, and faculty have benefited through the advancement of their research by using lab data.”

The Department of Management received recognition for creating and implementing the Strategic Management Live Case Competition. In this course-embedded competition, student teams in the MNGT 481 Strategic Management capstone course take on a “live” case emanating from a partner company, to whom they present actionable recommendations.

“This project demonstrates in tangible ways all the great positive impacts that can be made when business school players (especially students) collaborate with local businesses regarding real problems,” says Lori Kiyatkin, Ph.D., an assistant professor of management.

“The beauty of this project is that, in addressing student learning goals with this innovative, timely means, students are required to view business problems in a broader light and to think about the real world impact of business activities on their own local community and the diverse stakeholders within it.”