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

See all articles by Bonnie Buchanan

Bonnie Buchanan

Surrey Business School, University of Surrey

Date Written: December 31, 2013

Abstract

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

Buchanan, Bonnie, Improving International Students’ Understanding of Local Culture and Financial Institutions: A Service Learning Application (December 31, 2013). Journal of International Education in Business (Forthcoming), Available at SSRN: https://ssrn.com/abstract=2371171

Bonnie Buchanan (Contact Author)

Surrey Business School, University of Surrey ( email )

Guildford
Guildford, Surrey GU2 5XH
United Kingdom

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