2. An overview of financial awareness and financial education measurement

Author(s):  
Aleksandra Grzesiuk
2021 ◽  
Vol 3 (2) ◽  
pp. 172-179
Author(s):  
Reza Widhar Pahlevi ◽  
Lazzuardi Nashrullah

The purpose of this study was to determine the effect of financial education on the family, financial education on campus, peers, financial literacy and financial awareness on the level of student personal finance. The sampling technique uses a non probability sampling technique. While the sampling method uses incidental sampling, whoever by chance or fits as a data source, then continues using the purposive sampling method, namely the sam-pling technique with the consideration of students of the Faculty of Economics in Yogya-karta who have taken Financial Management courses and who have taken courses that concentrate on Finance. From these considerations, 103 respondents. The data analysis technique uses multiple regression analysis. The results showed that financial education in the family, financial literacy and financial awareness had a significant effect on student personal finance, while financial education on campus and peers had no effect on student personal finance. DOI: https://doi.org/10.26905/afr.v3i2.5840


2016 ◽  
Vol 13 (2) ◽  
pp. 23-34
Author(s):  
Michael Ben Jacob

Abstract The level of economic thinking and financial culture of population should be considered one of the most important components of society’s economic life quality. Here, a key factor is economic and financial socialization of an individual, which can be achieved mainly by modelling appropriate training process technology to promote and ensure financial awareness at the early stages of training in high school and later on in colleges and universities. This paper focuses on one of the options of a unique subject matter (course) in Financial Education, for which testing started in 2008 and is successfully continuing in the Department of Business Management of Neri Bloomfield School of Design and Education (Haifa, Israel) against the backdrop of a multicultural environment. The study shows the dynamics of the formation of the main teaching methods of the new course. In parallel, we analysed the results of the final examinations of students to further adjust the content and pedagogy of the educational process. The results once again confirmed the urgent need to improve the financial literacy of students in accordance with the challenges of economics and culture in the twenty-first century.


2021 ◽  
Vol 1 (1) ◽  
pp. 26-39
Author(s):  
Wilmarys González ◽  
Argenis Montilla

El objetivo de esta investigación es proponer una estrategia de enseñanza de los conceptos básicos financieros dirigida a niños en edad escolar, aplicando el Método del Caso como herramienta didáctica. Para ello se partió del principio de que la conciencia financiera en el individuo se puede desarrollar desde la niñez, asumiendo las teorías de Educación Financiera de Ruiz H (2011) y apoyada por la UNICEF como el proceso mediante el cual, se logra un mejor conocimiento de los diferentes productos financieros. Por otro lado la investigación se sustenta en la teoría de Rosker (2006) quien indica que el Método del Caso es una descripción de una situación real que incluye un problema, una oportunidad o la toma de una decisión dentro de una realidad social. Metodológicamente, se considera como una investigación proyectiva, de corte descriptivo y de campo, por tratarse de la elaboración de una propuesta con base en una realidad concreta. Se puede concluir que la estrategia propuesta es una contribución en la orientación de los niños para desarrollar su capacidad de investigación y control sobre su propia vida y además, se inclinen a participar en los asuntos que les afectan a ellos y a sus comunidades, como ciudadanos social y económicamente empoderados, garantizando que la experiencia de los niños en los emprendimientos sociales y financieros sea de manera positiva, segura y con aptitudes valiosas, creando un Impacto social. ABSTRACT The objective of this research is to propose a strategy for teaching basic financial concepts aimed at school-age children, applying the Case Method as a didactic tool. For this, it was started from the principle that financial awareness in the individual can be developed from childhood, assuming the theories of Financial Education of Ruiz H (2011) and supported by UNICEF as the process through which, a better knowledge is achieved of the different financial products. On the other hand, the research is based on the theory of Rosker (2006) who indicates that the Case Method is a description of a real situation that includes a problem, an opportunity or the making of a decision within a social reality. Methodologically, it is considered as a projective, descriptive and field research, as it involves the elaboration of a proposal based on a concrete reality. It can be concluded that the proposed strategy is a contribution in guiding children to develop their capacity for investigation and control over their own lives and also, they are inclined to participate in matters that affect them and their communities, as social citizens and economically empowered, ensuring that the experience of children in social and financial endeavors is positive, safe and with valuable skills, creating a Social Impact.


2021 ◽  
Author(s):  
Péter Kiszl

Digitális, globális és multikulturális világunkban a könyvtár szerepe, funkciórendszere jelentősen kiszélesedett. A könyvtár- és információtudomány kutatási horizontja is egyre tágul, a felsőfokú könyvtárosképzés mindenkori szakmai trendeknek, felhasználói, munkaadói és munkavállalói igényeknek megfelelő alakítása folyamatos. A tanulmány bemutatja a multifunkciós könyvtár olyan modelljét, amelyben szerepet kap a pénzügyi kultúrát és a vállalkozásfejlesztést célzó edukáció is. Napjainkban ugyanis kiemelt jelentőségűek a kellő tájékozottsággal meghozott pénzügyi döntések. Különösen igaz ez hazánkra, ahol a felmérések és a tapasztalatok szerint a lakosság pénzügyi tudatossága fejlesztésre szorul. Kézenfekvő megoldásként jelentkezik Magyarország legnagyobb kulturális intézményrendszerének, a könyvtári hálózatnak a bevonása is a képzésbe. Sanghajtól Londonon át Chicagóig és Phoenixig már számos nemzetközi jó gyakorlattal lehet bizonyítani, hogy a könyvtári hálózat tagjai – kiemelten a nemzeti- és a közkönyvtárak – sikerrel kapcsolhatók be a társadalom pénzügyi műveltségének pallérozásába, ami a könyvtári hálózat társadalmi beágyazottságát és elismertségét erősíti, illetve az esélyegyenlőség támogatásán túl, az állampolgárok és a gazdasági szektor szereplői számára is innovatív megoldásokat hozhat, úgymint például a start-upok alapításának és működtetésének könyvtári-információs támogatása. A közlemény interdiszciplináris megalapozottsággal tárja fel a külföldi bevált gyakorlatokat a nem formális, könyvtári pénzügyi oktatási akciók hazai adaptálása érdekében, nemzetközi kontextusban tárgyalva és rendszerezve az alapvető elméleti (szakirodalmimódszertani) forrásokat és kijelölve a jövőbeli hazai kutatási-fejlesztési irányokat. ----- Multifunctional library and financial education --- - - The scope of the library’s roles and functions has expanded considerably in our digital, global, and multicultural world. The research horizon of library and information science is also constantly broadening; post-secondary librarian training is being continuously shaped to fit current professional trends and the needs of users, employees and employers. This paper introduces a model for the multifunctional library, in which education on financial literacy and business development is also present, since informed financial decisions are of particular importance nowadays. This is especially true in Hungary, where surveys and experience suggest that the population’s financial awareness needs improvement. An obvious solution is to involve in this education the biggest cultural institutional system of Hungary: the library network. There are many international examples of good practices from Shanghai to London, and from Chicago to Phoenix, which prove that members of the library network, especially national and public libraries, can be successfully involved in improving the financial literacy of society, which also increases the social embeddedness and reputation of the library network, and in addition to promoting equal opportunities, it can provide innovative solutions for citizens and for the operators of the economic sector, for instance library and information support for the founding and management of start-ups. This paper explores foreign good practices with an interdisciplinary approach in order to adapt non-formal financial educational library operations in Hungary. It also discusses and organizes the basic theoretical resources (literature and methodology) available in the international context to provide directions for future domestic research and development.


Author(s):  
Патимат Султановна Батаева ◽  
Ахмед Магомедович Гачаев

В статье рассматривается вопрос повышающейся актуальности осведомленности людей в финансовом отношении, степени знаний в области финансов при принятии финансовых решений The article discusses the issue of the increasing relevance of financial awareness of people, the degree of knowledge in the field of finance when making financial decisions.


2021 ◽  
Vol 12 ◽  
Author(s):  
Hong-Cheng Liu ◽  
Jie-Shin Lin

In daily life, most people engage in money-related behavior. Adequate financial knowledge is required to successfully manage tasks, such as daily expenditure and the transformation of assets or debts, small, or large. However, the extent of financial knowledge may vary between individuals. With inadequate financial knowledge, people may easily fall into financial difficulties without having sufficient knowledge to redress them. A total of 217 students from departments of finance in universities in Fujian completed an 18-week educational course delivered via the Internet on integrated financial education (5h per week for a total of 90h). The conclusions were as follows: (1) The Internet can be used to provide education on making ends meet, cutting costs, and increasing profits. It is suitable for beginner students and new graduates who are rapidly accumulating money management experience. (2) Knowledge provided in the course includes the causes of investment, comprehensive changes in the market, unexpected risks, and wrong decision-making. As such, education provided through the Internet can assist in the teaching of money management and investment. (3) Providing teaching on integrated financial education through the Internet avoids the pitfalls of getting lost in the real-world investment market. We expected to cultivate students’ finance-related knowledge, skills, and attitudes through internalization of the financial literacy of money management.


2020 ◽  
Vol 65 (4) ◽  
pp. 554-583
Author(s):  
Erzsébet Németh ◽  
Bálint Tamás Vargha ◽  
Kinga Domokos

The research assessed whether progress has been made in the education and development of financial awareness in Hungary since 2016. We reviewed the changes in the state’s role in the development of financial literacy, and in a questionnaire survey we examined what kind of organizations, who and in what topics are involved in trainings outside the public education. It was found that between 2016 and 2020, there was an increasing focus on developing the financial literacy, while the vast majority of the trainings continues to target the most easily reachable school age group. The National Core Curriculum identified economic and financial education as a goal for schools. However, outside of vocational high schools, such knowledge is not taught as a compulsory subject. In 2017, the Government adopted a strategy to improve the financial awareness of the population, and the first accredited financial literacy textbooks were published. The results of non-public education organisations show that the number of training programs and their participants has tripled. The average duration of trainings has become longer, multi-day trainings mainly for adults appeared. Knowledge transfer continued to focus on individual frugality and financial awareness, financial self-knowledge, attitude, and behaviour. The education of investment and entrepreneurship knowledge still isn’t a priority. Most of the trainings do not take into account the income situation and social background of the target groups and do not pay attention to the development of financially vulnerable groups.


Author(s):  
O. S. Korneva

Within the implementation of the national strategy for improving financial competency and financial education in Russia, aimed at the broad masses of the population, any experience in promoting financial competency among young people, accumulated in the system of training bachelors of Economics, will be useful. The purpose of the article is to present the methodological and practical aspects of teaching the basics of financial calculations of future economists and the formation of computer modeling skills in the field of financial and economic activity. The reason for writing the article was the problem of interdisciplinary integration in the system of financial and economic education. The analysis of educational literature and curricula of the system of secondary and higher professional education, as well as the study and generalization of pedagogical experience showed weak integration of mathematical and economic disciplines with information technologies. The article also presents the problems associated with the calculations in the financial and economic activities with the use of computer modeling. The elements of the presented methods of teaching the basics of financial computing in conjunction with the modeling of financial problems on the computer can be useful for both school teachers and university teachers of mathematics and computer science.


CFA Magazine ◽  
2010 ◽  
Vol 21 (6) ◽  
pp. 63-63
Author(s):  
Edward Bace
Keyword(s):  

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