Exploring Personal Finance Concepts Through Simulation Role Play

18 Pages Posted: 14 Jan 2012  

Nancy Sardone

Georgian Court University - School of Education

Date Written: December 29, 2011

Abstract

Given the current economic crisis, the question is not if we should educate students in matters of personal finance but rather where such teaching should occur and what instructional methods should be used. This paper discusses the status of secondary financial education programs in the U.S., the lack of financial knowledge among teens, and the learning preferences of today’s ‘millennial’ students. Using an interview protocol, a teacher-created curriculum using a group simulation role-play employed at a New Jersey independent high school is described, integrating basic personal financial education in a driver’s education course. Post-test results reveal students (n=45) learned basic personal finance concepts through this instructional method.

Keywords: integrated curriculum, pre-college students, personal finance, group simulation role-play

JEL Classification: A12, A21, D14, I21

Suggested Citation

Sardone, Nancy, Exploring Personal Finance Concepts Through Simulation Role Play (December 29, 2011). Available at SSRN: https://ssrn.com/abstract=1984970 or http://dx.doi.org/10.2139/ssrn.1984970

Nancy Sardone (Contact Author)

Georgian Court University - School of Education ( email )

900 Lakeood Avenue
Lakewood, NJ 08701-2697
United States
732-987-2754 (Phone)
732-987-2025 (Fax)

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