International Electronic Journal of Mathematics Education

Level of financial education in higher education scenarios: An empirical study on students of economic-administrative area
  • Article Type: Research Article
  • International Electronic Journal of Mathematics Education, 2016 - Volume 11 Issue 8, pp. 3149-3159
  • Published Online: 19 Sep 2016
  • Article Views: 696 | Article Download: 625
  • Open Access Full Text (PDF)
AMA 10th edition
In-text citation: (1), (2), (3), etc.
Reference: García-Santillán A, Moreno-García E, Gutiérrez-Delgado L. Level of financial education in higher education scenarios: An empirical study on students of economic-administrative area. Int Elect J Math Ed. 2016;11(8), 3149-3159.
APA 6th edition
In-text citation: (García-Santillán et al., 2016)
Reference: García-Santillán, A., Moreno-García, E., & Gutiérrez-Delgado, L. (2016). Level of financial education in higher education scenarios: An empirical study on students of economic-administrative area. International Electronic Journal of Mathematics Education, 11(8), 3149-3159.
Chicago
In-text citation: (García-Santillán et al., 2016)
Reference: García-Santillán, Arturo, Elena Moreno-García, and Lizette Gutiérrez-Delgado. "Level of financial education in higher education scenarios: An empirical study on students of economic-administrative area". International Electronic Journal of Mathematics Education 2016 11 no. 8 (2016): 3149-3159.
Harvard
In-text citation: (García-Santillán et al., 2016)
Reference: García-Santillán, A., Moreno-García, E., and Gutiérrez-Delgado, L. (2016). Level of financial education in higher education scenarios: An empirical study on students of economic-administrative area. International Electronic Journal of Mathematics Education, 11(8), pp. 3149-3159.
MLA
In-text citation: (García-Santillán et al., 2016)
Reference: García-Santillán, Arturo et al. "Level of financial education in higher education scenarios: An empirical study on students of economic-administrative area". International Electronic Journal of Mathematics Education, vol. 11, no. 8, 2016, pp. 3149-3159.
Vancouver
In-text citation: (1), (2), (3), etc.
Reference: García-Santillán A, Moreno-García E, Gutiérrez-Delgado L. Level of financial education in higher education scenarios: An empirical study on students of economic-administrative area. Int Elect J Math Ed. 2016;11(8):3149-59.

Abstract

This study aims to measure the level of financial literacy of young people who have received formal instruction on the matter. A survey was administered to 115 college students in the last semester of the degrees of the administrative area of the Universidad Cristóbal Colón at Veracruz, Mexico. In bachelors of this area, students take at least three courses of finance, accounting, economics and management. Financial literacy was measured according to the methodology employed by Condusef, Banamex-UNAM, and FINRA to evaluate the knowledge of young people regarding interest rate, inflation, savings, use of credit card, and budgeting. The results show that students have the knowledge and the habit of drawing up budgets to plan their expenses, but their level of financial knowledge is very low considering the rest of the variables that are evaluated.

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