ERIC Number: EJ1459990
Record Type: Journal
Publication Date: 2024
Pages: 16
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-2327-5324
EISSN: EISSN-1941-3394
Available Date: 0000-00-00
An Experiential Learning Approach to Financial Literacy Education
David Suleiman
Journal of Instructional Pedagogies, v30 2024
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 arts college that is structured around four key personal finance concepts. The course is taught using traditional class lectures combined with an experiential learning approach that includes hands-on class assignments. This includes students working on a career strategy plan, developing a hypothetical budget for different scenarios, analyzing and evaluating financial services offered by the students' bank, and finally, playing a stock market simulation game.
Descriptors: Experiential Learning, Financial Education, Financial Literacy, Money Management, Teaching Methods, College Students, Assignments, Career Planning, Budgets, Investment, Simulation, Educational Games
Academic and Business Research Institute. 147 Medjool Trail, Ponte Vedra, FL 32081. Tel: 904-435-4330; e-mail: editorial.staff@aabri.com; Web site: http://www.aabri.com
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Author Affiliations: N/A