The Perception of Teachers about Financial Markets and Instruments Information

Authors

  • Ferhat Sayım Yalova University
  • Nurdan Serdar Yalova University

DOI:

https://doi.org/10.5195/emaj.2019.186

Keywords:

Financial market, financial literacy, teachers

Abstract

In recent years, online shopping, online financial transactions and social media have become a subject of interest to everyone. Current economic news and economic developments are being interpreted by all. In addition, individuals constitute the class of consumers as the most important element of microeconomics. Also regardless of profession, individuals carry out entrepreneurial activities and constitute economic units such as firms and so on. The public's so much interconnectedness with the economy is normal, and this interest has been the subject of more research in academic circles in recent years. Many researches have been done on measuring the financial literacy of various public sectors. Various scales have been prepared. The financial literacy of teachers, who are the main component of education system, is very important both in terms of the large professional community they represent and in terms of the student population they train. In this aspect, teachers' familiarity with financial systems and concepts, how they make sense of them in their daily lives have been seen as a subject worth investigating. The scales of financial literacy studies are examined in the literature. Also, the scale of the measurement of the level of financial knowledge felt towards the business environment other than financial literacy has been examined. A new scale has been prepared that includes the main elements of these two basic scales. A survey has been conducted in various subtitles that do not exceed one page. The questionnaire was applied to teachers in schools. It is given high importance that they fill the questionnaire with the researcher. Data which transmitted in excel are tried to be interpreted through the SPSS program. The survey contains sub-headings and will serve as the basis for more than one study. Teachers' knowledge of the financial system is as low as expected. When applying the questionnaire, teachers talk about realizing that they don't really know some of the concepts they use in everyday life. However, it is observed that the information levels are increasing about some focus issues. Data related teachers' financial literacy, such as the functioning of the financial system, recognizing financial institutions, recognizing financial instruments, recognizing and making financial transactions are gathered. Summary tables have been created. In this study, teachers' familiarity with financial concepts is explained.

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Published

2020-07-06

Issue

Vol. 9 No. 2 (2019)

Section

Articles

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