Students' Reflections on the Benefits of a Financial Simulation through "Thank You Notes"

Autor/inn/en	Mupinga, Davison M.; Caniglia, Joanne
Titel	Students' Reflections on the Benefits of a Financial Simulation through "Thank You Notes"
Quelle	In: Clearing House: A Journal of Educational Strategies, Issues and Ideas, 92 (2019) 6, S.202-209 (8 Seiten) PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Mupinga, Davison M.) ORCID (Caniglia, Joanne)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0009-8655
DOI	10.1080/00098655.2019.1653251
Schlagwörter	Simulation; Student Attitudes; Educational Benefits; Money Management; Daily Living Skills; Instructional Effectiveness; Middle School Students; Early Adolescents; Letters (Correspondence); Budgeting; Skill Development; Mathematics Instruction; Grade 8; Adults; Role of Education; Indiana + Suchen Sie Ihr Suchwort? Simulation program; Simulationsprogramm; Schülerverhalten; Bildungsertrag; Alltagsfertigkeit; Unterrichtserfolg; Middle school; Middle schools; Student; Students; Mittelschule; Mittelstufenschule; Schüler; Schülerin; Brief; Kompetenzentwicklung; Qualifikationsentwicklung; Mathematics lessons; Mathematikunterricht; School year 08; 8. Schuljahr; Schuljahr 08; Bildungsauftrag
Abstract	As an instructional strategy, simulations have become common in the field of education. While they have been effective at imparting knowledge and skills, not all simulation experiences meet their objectives. This study determined the effectiveness of a financial simulation, the Reality Store®, aimed at teaching financial literacy and life skills to youth. Data were collected from Thank You notes written by middle school students who had participated in the simulation. These notes were combined with data from post-simulation surveys to ensure trustworthy results. Overall, students were satisfied with the simulation experience and learned that: adult life is hard; children are expensive; and the need for budgeting and saving money is essential. Recommendations for teaching financial literacy and life skills using simulations are provided. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01