To celebrate Open Access Week, the Affordable Materials Project and Falvey Memorial library co-hosted a public lecture given on Oct. 27 by Michael Pagano, PhD, the Robert J. and Mary Ellen Darretta Endowed Chair in Finance, Villanova School of Business. Dr. Pagano reflected on co-authoring the open access textbook Liquidity, Markets and Trading in Action: An Interdisciplinary Perspectives: “I really would like to see more faculty consider Open Access books for their courses.”
The impetus for the project was the recognition that practical experience with trading and market liquidity were often missing from traditional finance, economics, and information technology courses. Dr. Pagano and his co-authors had individually developed materials covering these topics and had tested them in class over several semesters. They recognized that making, not only the textbook, but also the simulation software TraderEx and ancillary materials in the form of presentation slides and review and self assessment questions were key to winning faculty adoption. Affordability considerations are important for both students and faculty, so publishing the materials open access and free to students was the best choice.
According to Dr. Pagano, faculty that rely more on their own notes than published materials, teach a niche or subtopic area not well covered elsewhere, have the time to devote to authorship, and are concerned with the total cost of materials for their students ought to consider open access authoring.
The publication cost for this textbook was generously underwritten by the Robert A. Schwartz Center for Trading and Financial Markets Research. At Villanova, faculty may leverage VITAL Minigrants, the SOAR Fund, and the VSB Teaching Innovation and Development Grant for open access projects.
A recording of the presentation is available to view.
Linda Hauck, MLS, MBA is the Business Librarian at Falvey Memorial Library