IEM Teaches Market Mechanics

Most online brokers offer tutorials to help beginning investors avoid making costly errors in entering orders. However, a graduate school has given investors a fun alternative that can teach you about how markets operate and also offer you a chance to invest in the prospects of your favorite political candidate or party. The UNIVERSITY OF IOWA's Tippie College of Business developed the Iowa Electronic Markets (IEM) in 1988 as a tool for teaching students about market mechanics and as a way to gather research for studies about investor behavior. Anyone is allowed to open a trading account and to trade on certain markets, including the IEM's political markets, with deposits limited to a maximum of $500. The article also appeared on the website of MSNBC.