• citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:14
  • full-text downloads in 30 days:4


article: 9 from 301  
Back back to result list
2022, vol. 27, iss. 1, pp. 41-52
Financial literacy: Best practices
Visoka poslovna škola strukovnih studija, Novi Sad
The most commonly accepted definition of financial literacy is the one given by the OECD, which includes awareness, knowledge, skills, attitudes, and behaviours. The concept of financial literacy must be distinguished from the concepts of financial education, financial knowledge, and financial culture. The research results show that financial illiteracy is widespread, and it is generally necessary to pay more attention to this aspect of education. After defining the basic concepts, the paper presents experiences in organizing and monitoring the effects of financial education of three countries (Estonia, Finland, the Netherlands) whose students have achieved a high level of financial knowledge in international tests compared to other participating countries. The organisation of financial education in these countries is also presented, in order to assess how applicable their experiences are in our conditions. The experience thus far has shown that the best results are given by financial education beginning in high school, whose main characteristics are an interdisciplinary approach and constant support to teachers. Significant differences are also evident, that is to say, some groups of residents have a lower level of financial literacy, which indicates the need for different approaches in their education.
*** (2013) Standardi opštih međupredmetnih kompetencija za kraj srednjeg obrazovanja. Službeni glasnik Republike Srbije, Br. 117
Amagir, A., Groot, W., van den Brink, H.M., Wilschut, A. (2020) Financial literacy of high school students in the Netherlands: Knowledge, attitudes, self-efficacy, and behavior. International Review of Economics Education, 34: 100185-100185
Balabanić, I. (2020) Razlozi, učestalost i izvori informiranja mladih o financijskim pitanjima. Media, culture and public relations, 11: 53-63
Csiszárik-Kocsir, Á., Garai-Fodor, M. (2018) Why Is It Important To Learn Finances? Results Based on the Opinion of Z Generation. Poslovna izvrsnost / Business excellence, XII(2), 41-57
Erceg, N., Galić, Z., Vehovec, M. (2019) Što određuje financijsku pismenost? U potrazi za relevantnim odrednicama. Revija za socijalnu politiku, 26(3): 293-312
Ilić, M. (2018) Značaj finansijskog obrazovanja i vaspitanja i modeli za njegovo uključivanje u programe nastave i učenja za osnovnu školu. Beograd: Ministarstvo prosvete, nauke i tehnološkog razvoja Republike Srbije-Zavod za unapređivanje obrazovanja i vaspitanja
Kalmi, P., Ruuskanen, O.P. (2019) Financial literacy and retirement planning in Finland. Journal of Pension Economics and Finance, 17(3): 335-362
Lusardi, A., Mitchell, O. (2011) Financial Literacy around the World: An Overview. National bureau of economic research, 17(4), 1-14
Mandmaa, S. (2021) How to Promote Personal Financial Education: Findings from Finnish University Students' Financial Literacy Study. International Journal of Educational Technology and Learning, 10(1): 8-25
OECD (2012) OECD INFE guidelines on financial education in schools. Paris
OECD-PISA (2020) PISA 2018 Results (Volume IV): Are Students Smart about Money?. Paris
Pkder, K., Riitsalu, L., Kroos, K. (2020) Financial education in Estonia. in: De Beckker K., De Witte K., Holz O. [ed.] Financial Education: Current Practices and Future Challenge, Münster: Waxmann, pp. 87-109
Potrich, A.C.G., Vieira, K.M., Kirch, G. (2018) How well do women do when it comes to financial literacy? Proposition of an indicator and analysis of gender differences. Journal of Behavioral and Experimental Finance, 17: 28-41
Rosacker, K.M., Rosacker, R.E. (2016) An exploratory study of financial literacy training for accounting and business majors. International Journal of Management Education, 14(1): 1-7
Zavod za vrednovanje kvaliteta obrazovanja i vaspitanja (2013) Pravilnik o opštim standardima postignuća za kraj opšteg srednjeg obrazovanja i srednjeg stručnog obrazovanja u delu opšteobrazovnih predmeta. Beograd


article language: Serbian
document type: Review Paper
DOI: 10.5937/norma27-38377
published in SCIndeks: 27/07/2022

Related records

No related records