Educating people in personal finance is of utmost importance. However, previous studies show that traditional approaches to financial education may lack experiential learning components that help students connect theory and practice. This article describes a pedagogical approach to financial literacy education taught at an international liberal…

In this article we apply R, a free software, and recent stock-price data to illustrate the portfolio diversification concept, a corner stone of modern finance theory. Currently, recent stock-price data are available on the internet at no cost to users. By using current market data to construct realistic and authentic examples, student engagement…

In the ongoing march of industrial evolution there comes along technologies that have the power to transform businesses as we know it. The Internet revolutionized business/marketing in the nineties and today and bockchain has the potential to do the same for commercial transactions. Blockchain is a peer-to-peer model that can speed up processes…

Since the content of the Theory of Interest course in an actuarial science program is tied to an external exam, instructors may be hesitant to attempt to use inquiry-based learning. In this paper, I outline how and why I did so, including descriptions of the materials that I wrote. I found that student performance on the final exam improved…

This paper uses the PBS Nova show "Mind Over Money" to introduce a number of topics in behavioral finance. Instructors can also use the video as a jumping off point for expanding the discussion to the "second generation" of behavioral finance, where many of the decisions that differ from what are considered optimal are due to…

The National Strategy for Financial Literacy report released in 2020 by the U. S. Financial Literacy and Education Commission (USFLEC) crafted a new definition of financial education (FE). The report defines FE as the process by which "people gain information, skills, confidence, and motivation to act through various means including classroom…

In the following Q&A, NEBHE's Fellow for Open Education Lindsey Gumb asks Heather Miceli, an adjunct professor at Roger Williams University (RWU) and Johnson & Wales University (JWU), about her integration of OER-enabled pedagogy in her general education science course, which has helped push the narrative of Open Educational Resources…

Today's children must navigate unprecedented change. Technological advancement, pandemics, wars, and the climate emergency all contribute to rapidly evolving social and financial landscapes. This changing world needs children and youth who possess socioemotional and financial skills and resilience, who dare to think critically, and who act as…

The concept of financial literacy, which has become popular as a 21st-century skill, is also a new field for mathematics education. Financial literacy, which has taken place in PISA [Program for International Student Assessment] since 2012, has not only been presented as a separate course and has also increased in density in related courses such…

This article presents an integrated approach to teaching a graduate-level public financial management course. It stresses the importance of fundamental budgeting proficiencies (e.g., cost allocation; forecasting; operating within constraints; and using Microsoft Excel) and additional skills that tend to receive less attention in financial…

This position article proposes that bankruptcy counseling and education should be tailored so that bankrupts and consumer debtors can attain "solvency literacy," a new construct developed for this initiative. They need to (a) handle their financial affairs "during" the insolvency process while (b) concurrently striving for a…

Teaching financial literacy represents an important expectation of K-12 public school educators. Financial literacy is usually defined as having the knowledge and ability to function monetarily within the existing economic system. This system can be hierarchical and inequitable, if not oppressive. We argue that stories have been used throughout…

The Financial Capability and Asset Building (FCAB) for All Grand Challenge provides an impetus to increase financial content in social work education so that students and practitioners are prepared for practice that includes finances. This teaching note will describe the rationale for including FCAB within social work education and the fit with…

This paper was presented in Brisbane at AAMT's 2019 conference, 'Why Maths?'. Learning about money and how it works in the real world can transform the student experience. Daniela Tavares explores the free resources available from the Australian Securities & Investment Commission (ASIC) that provide authentic contexts for teaching students…

Many teachers labor to distinguish between productive and unproductive struggle; they believe that struggle is productive when it engages students in thinking and communicating metacognitively, which is when students think and communicate about their problem-solving processes, strategies, challenges, and successes. One method that helps ensure…