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Inclusion of financial literacy goals in secondary school curricula: Role of financial mathematics

Journal Contribution - Journal Article

The best policy option to implement financial education at school is still open for debate. We add to this discussion by examining the possible contribution of financial mathematics in the curriculum of secondary schools. Results of an exploratory study based on a pre-posttest design show that financial mathematics positively affects students’ general financial literacy levels in the short run by raising their understanding of (math-related) financial literacy concepts and the application of financial math methods to the financial world. The effect is stronger for female students suggesting that financial mathematics can help reducing the gender-related financial literacy gap. Spillover effects to other financial literacy topics not covered in financial math curriculum are not present. Overall, financial mathematics appears to be a valuable course in an integrated cross-curricular approach to financial education
Journal: Mediterranean Journal for Research in Mathematics Education
ISSN: 1450-1104
Volume: 16
Pages: 33 - 52
Publication year:2019
Accessibility:Open