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Curriculum·Graduate·G701

How to Teach This Material

Fernandes, Lynch and Netemeyer, Management Science, 2014.1 percent of the variance in the financial behaviors studied, with weaker effects in low-income samples, and that the effect of financial education decays with time: even large interventions with many hours of instruction had negligible effects on behavior 20 months or more after delivery.

Taught in G701-01 ›Source ↗

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Lesson 1 opens on

Financial Literacy, Financial Education, and Downstream Financial Behaviors, 2014

Daniel Fernandes, John Lynch and Richard Netemeyer published a meta-analysis in Management Science in 2014 covering 168 papers and 201 prior studies of financial literacy and financial education.1 percent of the variance in the financial behaviors those studies measured, with weaker effects in low-income samples. The effect of financial education decayed with time: even large interventions with many hours of instruction had negligible effects on behavior 20 months or more after delivery.

Read it in G701-01 ›The source ↗

The lessons

  1. G701-01What teaching this material has to overcomeState what the best available evidence says financial education changes, and by how much, with the figure and its sourceabout 33 min · opens on Financial Literacy, Financial Education, and Downstream Financial Behaviors, 2014
  2. G701-02The autopsy method: teaching from a documented failureExplain why a course that opens with a documented, sourced failure reaches a decision that an abstract opening does not, using the evidence on mandated financial coursesabout 33 min · opens on The Jump$tart Coalition survey of high school seniors, 2008
  3. G701-03Assessment that measures instead of certifiesDistinguish an assessment that measures what a learner can do from one that certifies that a course was completed, and say which one a pass rate reportsabout 33 min · opens on CFPB v. BloomTech and Austen Allred, 17 April 2024
  4. G701-04The Academy's methods, and why each one existsState the measured completion rate of the largest open online courses and what it did over six years, with the sourceabout 34 min · opens on The MOOC pivot, Science, 11 January 2019