Approaches to the Development of Cognitive Process Dimensions in Financial Literacy : an Empirical Study

• Autorzy: Kateřina Berková , Pavel Krpálek
• Języki publikacji: EN

Abstrakty

EN

The article explores various approaches to the development of cognitive process dimensions in financial literacy. It is based on the empirical research of the financial literacy levels among 1,207 fifteen-year-old Czech students compared with 18 countries worldwide (OECD, 2014a). Applying the regression model, the study has examined the strength of the relationship between the actual financial competence of 284 Czech students aged 17-18, studying economic disciplines, and their school performance. The research has produced the following conclusions: (a) a weak dependence of actual skills on school performance; (b) inherently associated consequence of school performance is not corresponding to the actual financial skills; (c) a low level of financial competence in the dimensions - Remember, Understand and Apply. Proceeding from the research results, it will be desirable to focus on the transfer of economic methods and foreign practice into the learning process, thereby contributing to the improvement of the current situation in Czech Republic. (original abstract)

Słowa kluczowe

EN

Cognitive processes; Decision making of finance; Students

PL

Procesy poznawcze; Podejmowanie decyzji finansowych; Studenci

• Czasopismo: Journal of International Studies
• Rocznik: 2017
• Tom: 10
• Numer: nr 3
• Strony: 173--188

Twórcy

autor

Kateřina Berková

• University of Economics, Prague, Czech Republic

autor

Pavel Krpálek

• University College of Business in Prague, Czech Republic

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Identyfikatory

DOI

10.14254/2071-8330.2017/10-3/13