La Follette School Seminar Series
Experiential Financial Literacy: A Field Study of the My Classroom Economy Program
Wednesday, November 15, 2017
La Follette School Conference Room, Observatory Hill Office Building
This randomized field study by Associate Professor J. Michael Collins assesses the impact of a simulated classroom economy on 4th- and 5th-grade student’s financial knowledge and behavior. This entirely ‘learn by doing’ program improved financial knowledge and behaviors, and school data show gains in learning in social studies and mathematics. This option for teaching financial capability with elementary school students is scalable in existing school systems without extensive teacher training.