Open AccessPROBLEM ITEMS OF FINANCIAL LITERACY ASSESMENT FOR STUDENTS IN LATVIA
Author(s) -
Linda Mihno
Publication year - 2020
Publication title -
sabiedrība, integrācija, izglītība/sabiedrība. integrācija. izglītība/society. integration. education
Language(s) - English
Resource type - Journals
eISSN - 2256-0629
pISSN - 1691-5887
DOI - 10.17770/sie2020vol6.4910
Subject(s) - financial literacy , everyday life , psychology , finance , mathematics education , business , political science , law
Considering the financial situation in Latvia it is very important not only to realize how effectively students could deal with situations relating to financial issues, but to understand what kind of PISA Financial items exactly bring difficulties. It is necessary to realize how to improve students’ financial literacy. The main of the research is to find out what kind of PISA 2018 financial items are difficult for students and which students’ answers are marked as incorrect. To reach the aim the methods of content analysis. The research data show that students are very good at dealing with tasks similar to their everyday situations and requiring mathematical skills. In their turn, tasks related to investments and topics not related to everyday life are found difficult. Students are not good at tasks which require deep data or situation analysis and judgements made on reasoning even if they could be based on personal experience.