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Experiential financial education: A field study of my classroom economy in elementary schools
Economics of Education Review ( IF 1.8 ) Pub Date : 2020-06-23 , DOI: 10.1016/j.econedurev.2020.102014
Michael Batty , J. Michael Collins , Collin O’Rourke , Elizabeth Odders-White

My Classroom Economy is a simulated economy where students have the opportunity to engage in financial decisions on a daily basis. It provides financial literacy instruction without requiring significant classroom time, and is relatively simple for teachers to implement. Compared to schools where My Classroom Economy was delayed or never implemented, students showed strong improvements in financial knowledge. Compared to a traditional lecture-based curriculum, students showed similar gains in learning. Based on standardized math test scores, there was no substitution away from core school curriculum after the program began. Experiential financial education appears to be an effective strategy to teach financial literacy, even at lower grade levels. It is also a relatively low-cost approach that does not require extensive teacher preparation.



中文翻译:

体验性金融教育:我在小学课堂经济方面的实地研究

我的课堂经济是一种模拟经济,学生有机会每天参与财务决策。它无需占用大量教室时间即可提供金融知识教学,并且教师实施起来相对简单。与“我的课堂经济”被推迟或从未实施的学校相比,学生在财务知识方面表现出了很大的进步。与传统的基于讲座的课程相比,学生在学习中表现出相似的收获。根据标准化的数学考试成绩,该课程开始后,没有替代核心学校课程的内容。体验式金融教育似乎是一种教授金融知识的有效策略,即使在较低年级也是如此。这也是一种相对低成本的方法,不需要大量的教师准备。

更新日期:2020-06-23
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