Web based learning system for econophysics

Compared to traditional economics, lectures of new economics, such as, information economics and econophyics, might be difficult for students, because contents of these fields are novel and mathematical. Therefore it may be desirable to develop a learning system for the new economics by combining information technology, such as Web, to traditional way of education. The purpose of this study is to contribute to both of higher education and economics by developing a Web based learning system for econophysics. Our new learning system developed by using Jave-applet or servlet consists of several parts, such as: 1) basic mathematics; 2) basic econometric; 3) echonophysics, including concept of chaos and fractals; 4) virtual market. In our system, learners can deal with the objects interactively and visually. For example, in the part of virtual market, system provides many functions to learners: 1) a graphical representation of data of time versus exchange rate between many currencies; 2) autoregression and Fourier analyses of the data and prediction; 3) analysis of the Lyapunov index and fractal dimension; 4) confirmation of several economic laws. In our study, we demonstrate usefulness of our learning system by showing the new economic law obtained by simulation implemented in the system.