Improving International Students’ Understanding of Local Culture and Financial Institutions: A Service Learning Application
Journal of International Education in Business (Forthcoming)
Posted: 2 Jan 2014
Date Written: December 31, 2013
In response to the global financial crisis there has been increasing emphasis on improving financial literacy skills and education. In this paper, the author argues for service learning as a means of integrating the finance curricula with real world applications. Initially, the author surveys the growing importance of a financial literacy education as well as integrating service learning with a business education. The author then describes the implementation of a service learning program at a private university that provides financial literacy workshops to community partners. The undergraduate service learning program is placed in an intermediate finance class. It is also an opportunity for cultural and financial institutional learning amongst international students. The paper concludes with a discussion of the effectiveness of the financial literacy workshops and reflections of the service learning experience.
Keywords: financial literacy; service learning; business education; international students
JEL Classification: G20; A20; A22
Suggested Citation: Suggested Citation