scholarly journals Pedagogy of Financial Education among College Students

2016 ◽  
Vol 13 (2) ◽  
pp. 23-34
Author(s):  
Michael Ben Jacob
Keyword(s):  
Financial Literacy ◽  
Life Quality ◽  
Financial Education ◽  
Educational Process ◽  
Economic Life ◽  
Process Technology ◽  
Multicultural Environment ◽  
Key Factor ◽  
Financial Awareness ◽  
Economic Thinking

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.

scholarly journals Pendidikan Keuangan Keluarga, Kesadaran Keuangan dan Tingkat Personal Finance

2021 ◽  
Vol 3 (2) ◽  
pp. 172-179
Author(s):  
Reza Widhar Pahlevi ◽  
Lazzuardi Nashrullah
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Sampling Method ◽  
Sampling Technique ◽  
Financial Education ◽  
Personal Finance ◽  
Analysis Technique ◽  
The Family ◽  
Data Source ◽  
Financial Awareness

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

scholarly journals Multifunkciós könyvtár és pénzügyi edukáció

2021 ◽  
Author(s):  
Péter Kiszl
Keyword(s):  
Financial Literacy ◽  
Information Science ◽  
Public Libraries ◽  
Interdisciplinary Approach ◽  
Financial Education ◽  
Information Support ◽  
Good Practices ◽  
Library Network ◽  
Financial Awareness ◽  
Foreign Good

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.

FINANCIAL LITERACY AND THE NEED FOR FINANCIAL EDUCATION

2020 ◽  
Author(s):  
Патимат Султановна Батаева ◽  
Ахмед Магомедович Гачаев
Keyword(s):  
Financial Literacy ◽  
Financial Education ◽  
Financial Decisions ◽  
Financial Awareness

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.

scholarly journals Impact of Internet Integrated Financial Education on Students’ Financial Awareness and Financial Behavior

2021 ◽  
Vol 12 ◽  
Author(s):  
Hong-Cheng Liu ◽  
Jie-Shin Lin
Keyword(s):  
Financial Literacy ◽  
Financial Education ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
The Internet ◽  
Money Management ◽  
Wrong Decision ◽  
New Graduates ◽  
Financial Difficulties ◽  
Financial Awareness

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.

scholarly journals Low financial inclusion as an educational gaps result: the Republic of Moldova case

2021 ◽  
Vol 97 ◽  
pp. 01027
Author(s):  
Victoria Cociug ◽  
Natalia Turcan-Munteanu
Keyword(s):  
Financial Literacy ◽  
Financial Education ◽  
Economic Education ◽  
Educational Process ◽  
Financial Inclusion ◽  
Educational Institutions ◽  
Republic Of Moldova ◽  
Research Findings ◽  
The Republic

Financial inclusion has a significant role in increasing the quality of life of citizens, as it represents the model of access to financial products and services in order to meet their development needs in a sustainable and responsible way. In this article, we are aiming to analyse the educational deficiencies of the Republic of Moldova, resulting in low financial inclusion of the population, as well as to provide certain solutions to increase the level of economic education of the population at different stages of the educational process. The opportunity to study this subject refers to the need to implement various solutions in order to ensure an acceptable level of financial inclusion, which primarily involves the participation of educational institutions in the formation of financial skills and financial literacy. In order to study the subject approached in the article, there were used the following research methods: analysis, synthesis, induction, deduction, comparison, etc. The research results include the selection from the literature of the concepts on financial inclusion, financial education and their importance for the economic development, research on this subject based on the analysis of the education system in the Republic of Moldova and the formulation of the most relevant research findings, resulting in recommendations for actions needed to be implemented actions needed to be implemented in the emerging countries, such as the Republic of Moldova in order to increase the level of financial inclusion.

scholarly journals Financial Literacy. Who, whom and what are they Training for? Comparative Analysis 2016–2020

2020 ◽  
Vol 65 (4) ◽  
pp. 554-583
Author(s):  
Erzsébet Németh ◽  
Bálint Tamás Vargha ◽  
Kinga Domokos
Keyword(s):  
Public Education ◽  
Financial Literacy ◽  
Core Curriculum ◽  
Financial Education ◽  
Social Background ◽  
Vulnerable Groups ◽  
The Government ◽  
Education And Development ◽  
Financial Awareness ◽  
Compulsory Subject

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.

scholarly journals TEACHING FINANCIAL LITERACY IN PRIMARY SCHOOL STUDENTS: INTERNATIONAL EXPERIENCE

2021 ◽  
pp. 81-87
Author(s):  
Viktoriia Andriichuk
Keyword(s):  
Elementary School ◽  
Elementary School Students ◽  
Financial Literacy ◽  
Financial Education ◽  
International Experience ◽  
Educational Process ◽  
Theory And Practice ◽  
School Students ◽  
The World ◽  
Human Skills

The article is devoted to international experience in teaching financial literacy in elementary school students. The state of research is analyzed in the theory and practice of elementary education. This article reacts to the current situation in our society and the need for financial education in schools. The modern world requires financial and economic literacy. The essence of the concept and importance of financial literacy is considered. Appearances of scientists to interpret the concept of «financial literacy» are revealed. The author proposes an actual definition of financial literacy, which is understood as human skills to dispose of their own funds, possessing the basic financial knowledge, which will rationally take financial decisions. An analysis of international experience in teaching financial literacy and organization of educational process aimed at developing financial skills of elementary school students is carried out. Financial literacy and financial education are not new categories for the world experience of young education. The number of countries that implement financial literacy programs increases annually. So, in Europe there are more than 180 such programs. The study showed that it is extremely important to include financial literacy in the educational process in the elementary school an important role in learning students of the elementary school of financial literacy play relevant programs developed by ministries of finance, national banks, public organizations, charitable foundations, etc. that exist in different countries of the world (USA, Great Britain, Netherlands, Turkey and others). The author concludes that there is a need for mastering young competencies in various types of financial activity due to the peculiarities of the development of Ukrainian society. From these grounds for key competencies that should form into school students, financial literacy includes.

A comparative analysis of financial awareness of the Northwestern Federal District population

2020 ◽  
Vol 18 (3) ◽  
pp. 474-491
Author(s):  
G.V. Belekhova
Keyword(s):  
Comparative Analysis ◽  
Financial Literacy ◽  
Federal District ◽  
Population Based ◽  
District Population ◽  
The Family ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Financial Awareness ◽  
Competence System

Subject This article deals with the issues of determining the level of financial literacy, identifying problems, and comparing the financial literacy rates of the population of different areas. Objectives The article aims to identify territorial differences in the overall level of financial literacy of the population of the Northwestern Federal District regions and study the prevalence of problems related to the family budget, using financial products, and risk. Methods For the study, we used a sociological survey and an original methodology for indexing the level of financial literacy of the population based on the methodology of the Organization for Economic Cooperation and Development, taking into account the adults' financial competence system proposed by the Ministry of Finance of the Russian Federation. Results The article determines the level of financial literacy of the Northwestern Federal District population and identifies similar problems for the District's regions. Conclusions A comparative analysis of the components of financial literacy of the four regions reveals the strengths and weaknesses of each of them. This will help adjust financial literacy programmes being implemented in some regions and developed in others.

scholarly journals Islamic Economics and the Relevance of Al-Qawā‘id Al-Fiqhiyyah

SAGE Open ◽  
2016 ◽  
Vol 6 (4) ◽  
pp. 215824401667137 ◽  
Author(s):  
Daud A. Mustafa ◽  
Hashir A. Abdulsalam ◽  
Jibrail B. Yusuf
Keyword(s):  
Economic Life ◽  
Higher Learning ◽  
Ethical Perspective ◽  
Social Scientists ◽  
Economic Theories ◽  
Body Of Knowledge ◽  
Evolution And Development ◽  
Institutions Of Higher Learning ◽  
Islamic Economic ◽  
Economic Thinking

Islamic economics, as part of the Islamic body of knowledge, has emerged as a new social science discipline that has gained currency and recognition in various institutions of higher learning in the contemporary Muslim world. Different sources of Islamic knowledge have significantly contributed to shape its evolution and development. The Islamic legal maxims, however, do not seem to have received much attention in terms of their contextualization in the present economic thinking. Using the content analysis approach, this article examines the relevance of qawā‘id al-fiqhiyyah, placing emphasis on the five normative maxims and some of their variants, to the understanding of Islamic economics. The aim is to assess their relevance to Islamic economic life and their contextualization within time and space. It was found that qawā‘id al-fiqhiyyah significantly contributes to the understanding of Islamic economics as a discipline in the Islamic tertiary educational pursuits. They help to understand certain economic theories from the Islamic ethical perspective. Therefore, it is concluded that if Muslim social scientists, especially, Muslim economists, embrace and pursue this branch of fiqh with an utmost concern and commitment, it would facilitate a better appreciation of economic theories from the Islamic perspective.

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