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A New Challenge In Eu: Effective Financial Education

Author

Listed:
  • Suciu Marta-Christina

    () (Academia de Studii Economice Bucuresti, Facultatea de Economie)

  • Lacatus Maria Liana

    () (Academia de Studii Economice Bucuresti, Centrul Roman pentru Educatie Economica)

Abstract

Financial literacy is a need for people responsible for their money. The decisions people made in respect with the money have impact on their future. Their responsibility and the risks assumed increase as long as employers and government responsibility and assumed risks in this respect decrease. Financial education is based on principles such as: active long life learning, individuals needs oriented, part of the early education provided by schools, basic concepts on financial issues and risks oriented. In Romania, financial education is part of school based curriculum. The Ministry of Education recommends all schools interested in delivering financial education programs schools a syllabus for an optional subject focused on financial issues. Banks are also interested to contribute to financial education. They help schools in conducting financial education programs and, additionally, they developed their own financial education programs.

Suggested Citation

  • Suciu Marta-Christina & Lacatus Maria Liana, 2013. "A New Challenge In Eu: Effective Financial Education," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 561-571, July.
  • Handle: RePEc:ora:journl:v:1:y:2013:i:1:p:561-571
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    File URL: http://anale.steconomiceuoradea.ro/volume/2013/n1/060.pdf
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    More about this item

    Keywords

    economic education; financial education; financial literacy; school based curriculum; financial education programs;

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college

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