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Assessing Finance Literacy Teaching at Indiana State University

Author

Listed:
  • Eurico J. Ferreira
  • Concetta A. DePaolo
  • Harry Edward Gallatin

Abstract

This study investigates the effectiveness of a newly developed personal financial management course at Indiana State University. Analysis of pre- and post-test data suggests that students enrolled in the course score higher on knowledge exams and exhibit more desirable financial behaviors at the end of the course as compared with the beginning. Results also show that, first, enrollment in the personal financial management course was significant in predicting performance on the used personal finance post-tests, and, second, while some background factors, personal characteristics and financial experiences do affect pre-test scores, they had no effect on post-test scores.

Suggested Citation

  • Eurico J. Ferreira & Concetta A. DePaolo & Harry Edward Gallatin, 2011. "Assessing Finance Literacy Teaching at Indiana State University," NFI Working Papers 2011-WP-24, Indiana State University, Scott College of Business, Networks Financial Institute.
    • Handle: RePEc:nfi:nfiwps:2011-wp-24
    as

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    File URL: http://www.indstate.edu/business/sites/business.indstate.edu/files/Docs/2011-WP-24_DePaolo_Ferreira_Gallatin.pdf
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    References listed on IDEAS

    as
    1. Annamaria Lusardi, 2008. "Financial Literacy: An Essential Tool for Informed Consumer Choice?," NFI Working Papers 2008-WP-13, Indiana State University, Scott College of Business, Networks Financial Institute.
    2. Annamaria Lusardi, 2006. "Financial Literacy and Financial Education: Review and Policy Implications," NFI Policy Briefs 2006-PB-11, Indiana State University, Scott College of Business, Networks Financial Institute.
    3. John P. Caskey, 2006. "Can Personal Financial Management Education Promote Asset Accumulation by the Poor?," NFI Policy Briefs 2006-PB-06, Indiana State University, Scott College of Business, Networks Financial Institute.
    4. Robert I. Lerman & Elizabeth Bell, 2006. "Financial Literacy Strategies: Where Do We Go From Here?," NFI Policy Briefs 2006-PB-10, Indiana State University, Scott College of Business, Networks Financial Institute.
    Full references (including those not matched with items on IDEAS)

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