PROBLEM ITEMS OF FINANCIAL LITERACY ASSESMENT FOR STUDENTS IN LATVIA

Authors

  • Linda Mihno University of Latvia (LV)

DOI:

https://doi.org/10.17770/sie2020vol6.4910

Keywords:

financial items, financial literacy, incorrect answers in financial items, PISA

Abstract

Considering the financial situation in Latvia it is very important not only to realize how effectively students could deal with situations relating to financial issues, but to understand what kind of PISA Financial items exactly bring difficulties. It is necessary to realize how to improve students’ financial literacy. The main of the research is to find out what kind of PISA 2018 financial items are difficult for students and which students’ answers are marked as incorrect. To reach the aim the methods of content analysis. The research data show that students are very good at dealing with tasks similar to their everyday situations and requiring mathematical skills. In their turn, tasks related to investments and topics not related to everyday life are found difficult. Students are not good at tasks which require deep data or situation analysis and judgements made on reasoning even if they could be based on personal experience.

 

References

Akdag, H. (2013). Does the Social Responsible for Financial Literacy? International Journal of Academic Reaserch, September 2013, 5(5), 401-406.

Avard, S., Manton, E.J., English, D.E., & Walker, J. (2005). The Financial knowledge of college freshman. College Student Journal, 39, 321-399.

Kangro, A. (2014). Skolēnu finanšu kompetence OECD Starptautiskajā skolēnu novērtēšanas programmā 2012. Skolēni un Nauda. Retrieved from https://www.ipi.lu.lv/fileadmin/_migrated/content_uploads/Finansu_pratiba2012_09072014_2.pdf

Koenig, L.A. (2007). Financial Literacy Curriculum: The Effect on Offender Money Management Skills, The Joumai of Correctional Education, 58(1), 43 – 56.

Lusardi, A., Mitchell, O.S., & Curto, V. (2010). Financial Literacy among the Young, The Journal of Consumer Affairs, 44(2), 358 - 379.

OECD (2014a). PISA 2012 Results: Students and Money: Financial Literacy Skills for the 21st Century (Volume VI), PISA, OECD Publishing. DOI: http://dx.doi.org/10.1787/9789264208094-en

OECD (2014b). Financial Education for Youth: The Role of Schools, OECD Publishing, Paris. DOI: http://dx.doi.org/10.1787/9789264174825-en

Putniņa, A. u.c. (2012). Jauniešu finanšu lietpratība. Pētījuma ziņojums. Latvijas Universitātes Antropoloģijas studiju katedra.

United States Department of the Treasury Office of Financial Education (2002). Integrating Financial Education into School Curricula: Giving America's Youth the Educational Foundation for Making Effective Financial Decisions throughout Their Lives by Teaching Financial Concepts as Part of Math and Reading Curricula in Elementary, Middle, and High Schools. A White Paper. Office of Public Correspondence, Washington, Retrieved from https://files.eric.ed.gov/fulltext/ED471873.pdf

Williams, D., Grizzell, B., & Burrell, D.N. (2011). An Applied Case Study Analysis of Potentinal Societal Importance of Fiancial Literacy Education for African-american an Latino American Adolescents. The International Journal of Interdisciplinary Social Scienes, 6(3), 245-260.

Downloads

Published

2020-05-20

How to Cite

Mihno, L. (2020). PROBLEM ITEMS OF FINANCIAL LITERACY ASSESMENT FOR STUDENTS IN LATVIA. SOCIETY. INTEGRATION. EDUCATION. Proceedings of the International Scientific Conference, 6, 706-716. https://doi.org/10.17770/sie2020vol6.4910