scholarly journals A MATEMÁTICA FINANCEIRA PARA ALÉM DA ESCOLA

2020 ◽  
Vol 17 (1) ◽  
pp. 155-166
Author(s):  
Gisely Fernandes e Silva ◽  
Keidna Cristiane Oliveira Souza ◽  
Eudes Antonio Costa
Keyword(s):  
Elementary Education ◽  
Financial Literacy ◽  
Financial System ◽  
Financial Education ◽  
Financial Mathematics ◽  
Research Experience

This paper discusses the function of Financial Education and the importance of such a subject to be presented and developed elementary education. It aims to attain a study about the approach of Financial Mathematics and Financial Education, moreover explaining the relevance of contents, which ones prepare the students to be organized people, and thus, dealing with concrete situations, in the context of the new practices rise. In which the mastery of financial matters goes crucial. Methodologically, beyond the bibliographic and documentary research, experience reports are used to contextualize the reflection on Financial Education. The results indicate that Financial Mathematics such as a discipline or a subject school can be a step for the citizen's financial literacy. Financial Education is linked to the awareness development about the money rational using, in order to avoid people of being exploited by the financial system.

scholarly journals Improving financial literacy of a selected group in favour of eliminating crime

VUZF Review ◽  
2021 ◽  
Vol 6 (3) ◽  
pp. 20-29
Author(s):  
Jozefína Drotárová ◽  
Andzej Misiuk ◽  
Zuzana Gedeonová
Keyword(s):  
Interest Rate ◽  
Elementary Education ◽  
Financial Literacy ◽  
Financial Education ◽  
Research Field ◽  
Problem Analysis ◽  
Analysis Method ◽  
High Interest Rate ◽  
Survey Results ◽  
Original Survey

The aim of this paper is to point out the connections and the relation between financial literacy, poverty and criminal activities in the context of marginalized Roma communities in Slovakia. The target group was selected on the basis of the negative statistics as presented below. Poverty is one of the issues contributing not only to antisocial behavior of Roma communities but also leading them to criminal activities. In the case of the Slovak Roma, 87% of them live in poverty. The marginalized Roma communities are often linked to the so-called petty crime, which is represented by thefts in stores, in groceries, in public means of transport, in the streets etc. The research carried out using the problem analysis method was aimed at the initial structuring of the research field and theoretical and conceptual preparation of tools for detailed exploration. The study also contains an analysis of the financial literacy of the marginalized Roma communities in Slovakia. The survey results of the analysis indicate that the community is lagging behind in the area of the financial literacy and education itself. Only a small percentage of the Roma have completed education that is higher than elementary education. There are about 75% of unemployed Roma that receive material need benefits. Since they are unemployed, they cannot take out a loan in a bank. Therefore, another form of crime is the so-called usury, i.e. loaning money directly in a community and with an extremely high interest rate. There are two areas in the fight against crime caused by low financial literacy that may be regarded as key areas, namely decreasing the level of poverty of the marginalized Roma communities and financial education. The article problematizes the hitherto unknown contexts of connections and the relation between financial literacy, poverty and criminal activities in the context of marginalized Roma communities in Slovakia and original survey focused on analysis of the financial literacy of the marginalized Roma communities in Slovakia.

scholarly journals O regime de juros compostos segundo a dialética ferramenta-objeto

2020 ◽  
Vol 9 (2) ◽  
Author(s):  
DEJAIR FRANK BARROSO ◽  
CILEDA DE QUEIROZ E SILVA COUTINHO ◽  
MARCO AURÉLIO KISTEMANN JR
Keyword(s):  
Mathematics Teacher ◽  
Financial Literacy ◽  
Financial Education ◽  
Financial Mathematics ◽  
Mathematical Concepts ◽  
Mathematical Notion ◽  
Doctoral Research ◽  
De Se ◽  
Compound Interest ◽  
Didactics Of Mathematics

ResumoEste trabalho faz parte de uma pesquisa de doutorado em andamento que trata sobre o tema educação financeira e suas potencialidades para o letramento financeiro do professor de matemática na licenciatura. Pretendemos descrever brevemente as fases de organização para a construção de conceitos matemáticos segundo a dialética ferramenta-objeto introduzida por Régine Douady. Nosso objetivo  é apresentar um exemplo dessa organização no campo da matemática financeira, e mais precisamente, relativo ao regime de juros compostos. Esse tipo de organização enfatiza a importância de se alternar, no ensino, os aspectos ferramenta e objeto de uma dada noção matemática. No exemplo proposto foi desenvolvida uma sequência para articular a noção de juros compostos e sua mobilização numa nova situação. Palavras-chave: Didática da Matemática; Dialética ferramenta-objeto; Juros compostos.AbstractThis work is part of an ongoing doctoral research that deals with the theme of financial education and its potential for the financial literacy of the mathematics teacher in the degree. We intend to briefly describe the phases of organization for the construction of mathematical concepts according to the tool-object dialectic introduced by Régine Douady. Our goal is to present an example of this organization in the field of financial mathematics, and more precisely, regarding the compound interest regime. This type of organization emphasizes the importance of alternating, in teaching, the tool and object aspects of a given mathematical notion. In the proposed example, a sequence was developed to articulate the notion of compound interest and its mobilization in a new situation.Keywords: Didactics of Mathematics; Dialectic tool-object; Compound interest.   

Financial literacy and its determinants: the case of rural farm households in Ghana

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Martinson Ankrah Twumasi ◽  
Yuansheng Jiang ◽  
Salina Adhikari ◽  
Caven Adu Gyamfi ◽  
Isaac Asare
Keyword(s):  
Developing Countries ◽  
Financial Literacy ◽  
Financial Education ◽  
Policy Implications ◽  
Farm Households ◽  
Community Group ◽  
Data Set ◽  
Content Type ◽  
Wide Range ◽  
Rural Dwellers

PurposeThis paper aims to examine the determinants of rural dwellers financial literacy in Ghana.Design/methodology/approachA cross-sectional primary data set was used to estimate the factors influencing rural farm households' financial literacy using the IV-Tobit model.FindingsThe findings reveal that most rural residents are financially illiterate. The econometrics model results depicted that respondents' socioeconomic and demographic characteristics such as gender, income, age and education significantly affect financial literacy. Again, respondents who are risk seekers and listen or watch education programs are more likely to be financially literate.Research limitations/implicationsThe paper examined the determinants of rural dwellers financial literacy in four regions in Ghana. Future research should consider all or many regions for an informed generalization of findings.Practical implicationsThis paper provides evidence that rural dwellers are financially illiterate and it would require the policymakers or non-governmental organizations (NGOs) to establish a village or community group that comprises a wide range of bankers and government officials to help rural dwellers acquire some financial skills. Also, the positive relationship between media (whether respondent watches or listens to educational programs) and financial literacy implies that policymakers should focus on improving individuals' financial knowledge through training programs and utilize the media as a channel to propagate financial education to the public.Originality/valueAlthough previous studies have examined the determinants of financial literacy, little is known in developing countries and, in particular, rural communities. The authors fill this gap by contributing to the scanty existing literature in developing countries in several ways. First, this is the first study to examine the financial literacy level of rural dwellers in Ghana. Second, to not undermine the credibility of the estimation results, this study addresses the potential endogeneity issue, which other researchers have not adequately recognized. Finally, the study expands the scant literature on the subject and provides critical policy implications that will help policymakers formulate financial market policies that will contribute to rural dwellers financial literacy enhancement.

Living beyond one’s means: evidence from Malaysia

2015 ◽  
Vol 43 (1) ◽  
pp. 2-18 ◽  
Author(s):  
Yiing Jia Loke
Keyword(s):  
Low Income ◽  
Financial Literacy ◽  
Financial Distress ◽  
Financial Management ◽  
Practical Knowledge ◽  
Financial Education ◽  
Financial Knowledge ◽  
Content Type ◽  
Explanatory Variables ◽  
Financial Behaviour

Purpose – The purpose of the paper is to identify the determinants of the probability of living beyond one’s means. The paper also explores the coping mechanisms of those financially distressed as well as the debt taking behaviour of consumers. Design/methodology/approach – The study uses data obtained from the OECD International Network on Financial Education pilot study on Measuring Financial Literacy in 2010 for the case of Malaysia. A logistic regression model is used to identify the main determinants of the probability that a consumer will live beyond his/her means. The analysis is carried out by using a set of socio-economic factors and the individual’s financial behaviour and attitudinal characteristics as explanatory variables. Findings – The findings indicate that low income and seasonal income earners are more vulnerable to financial distress. Furthermore, having a higher education, higher financial knowledge and prudent financial behaviour and attitude do not necessarily translate into better financial management. Family and friends provide the main source of financial assistance in times of need. Research limitations/implications – The assessment of financial knowledge should go beyond individual’s knowledge on financial concepts and theories. Practical knowledge on financial and cash flow management should be assessed. Practical implications – The study reiterates the importance of financial education. It is imperative to include financial education as part of the schools’ curriculum and also to be incorporated as part of the Continuous Professional Development modules for working adults. Originality/value – The study is based on the first nationwide study of consumer finances in Malaysia. It contributes to the literature by integrating financial behaviour and attitudinal factors into the analysis of the ability of individuals to live within their means. The findings also show the limitations of the existing self-assessment of financial behaviour and attitude and the assessment of financial knowledge.

scholarly journals Some Insights Into Financial Literacy Among Undergraduate Students: A Case of Bosnia and Herzegovina

2021 ◽  
Vol 12 (3) ◽  
pp. 103
Author(s):  
Jasmina Okicic ◽  
Meldina Kokorovic Jukan ◽  
Mensur Heric
Keyword(s):  
Undergraduate Students ◽  
Financial Literacy ◽  
Sampling Technique ◽  
Financial Education ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Financial Attitudes ◽  
Significant Difference ◽  
Financial Behaviour ◽  
The Relationship

The purpose of this research is to provide some insights into financial literacy among undergraduate students focusing primarily on the relationship between financial knowledge, financial attitudes and financial behavior and on possible gender and financial education gap in financial literacy. Using the purposive sampling technique, data collection was carried out from April to June 2020, yielding a sample of 1,046 valid responses. To gain a better understanding of the relationship between financial behaviour, financial attitudes and financial knowledge, we, primarily, use exploratory factor analysis and multiple regression model. The research findings have revealed several important issues. First, findings have suggested that financial knowledge, financial attitudes and gender may be considered as an antecedent of the financial behaviour of undergraduate students. Second, findings have also suggested a statistically - significant difference between the financial literacy of undergraduate students concerning their exposure to formal financial education.

scholarly journals Mathematical Investigation Contributions for the Financial Education and Economics Teaching

2020 ◽  
Vol 22 (6) ◽  
Author(s):  
Patricia Franzoni ◽  
Marli Teresinha Quartieri
Keyword(s):  
Teaching And Learning ◽  
Design Methodology ◽  
Financial Education ◽  
Financial Mathematics ◽  
Problem Situation ◽  
Learning And Development ◽  
Data Collection And Analysis ◽  
Mathematical Investigation ◽  
Mathematics Program ◽  
The Moment

Background: The proposal of financial education in classrooms is born in the expectation of changing an irresponsible consumption scenario that society is going through and should be included in all student educational contexts, from elementary to higher education, aiming to provide consumers-individuals with basic notions of economics and consumption. Objective: Analyse how investigative tasks can contribute to the financial education and economics teaching. Design: Methodology of mathematical investigation. Setting and participants: The research was carried out with twelve students in the discipline of Financial Mathematics, in a mathematics program at a university in the state of Rio Grande do Sul (Brazil). Data collection and analysis: This article is characterised as qualitative research and the data produced (tasks, recordings, questionnaire, forum) were analysed through discursive textual analysis. Results: Possibilities of conjectures and resolving strategies; investigative activity importance, in group, for the creativity and autonomy learning and development; critical thinking development in the decision making process; relations between the task and daily life situations; and analysis of difficulties during task execution. Conclusions: Through this study, we conclude that the investigative tasks have contributed for the teaching and learning processes, when the small groups made discoveries and followed different paths during each problem situation solving, they demonstrated enthusiasm, creativity, and autonomy. When the results were compared, at the moment of interaction with the bigger group, the groups realised they could have chosen other paths, or any important factor, which could have been part of the analysis, had not been considered, what yielded several discussions in the classroom as well as in the virtual forum, strengthening a critical and collaborative thinking development.

scholarly journals "FINANCIAL EDUCATION IN EASTERN EUROPEAN COUNTRIES"

2020 ◽  
Vol 13(62) (2) ◽  
pp. 125-132
Author(s):  
Nicoleta Geanina Bostan
Keyword(s):  
Financial Literacy ◽  
Population Policy ◽  
Financial Education ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Non Profit ◽  
East European ◽  
The Status ◽  
Eastern European Countries

"In the context of economic disparities among the countries of the European Union, the paper analyses the status of financial literacy for people living in East European countries, the way to increase financial knowledge through financial education and finally leading to a higher and more effective financial inclusion. Economic gaps are a major challenge for Eastern European countries. Their recovery can be done through efficient public policies harmonized with actions to increase the degree of financial education of the population. Policy makers, public institutions and non-profit organisation involved in financial education matters can benefit from this analysis and conclusion just as much as researchers. "

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