TY  - JOUR
TI  - Review of Financial Literacy Models for Educational Studies
AB  - Despite much criticism, financial literacy education is considered by the governing bodies in many countries, along with initiatives by the Organisation for Economic
Co-operation and Development, because it is accepted as an important skill in the 21st century. Due to the increasing the number of educational studies about financial
literacy, conceptual models illustrating its frameworks are needed. This study aims to reveal an interpretation of financial literacy models for educational studies,
the basic dimensions of financial literacy, and the relationships between these dimensions and their components. The study benefited from various other studies
describing and discussing financial literacy, and from financial literacy models presenting different aspects of this competency. In order to provide a wide-ranging view
based on the literature analysis, four dimensions are defined: financial knowledge, skills, behaviors, and affecting factors. The relationships between the dimensions
and their components have been discussed according to their status and weight in financial literacy. The study also proposes the idea of a model called the Coliseum
Model, through the four dimensions defined. It is expected that the Coliseum Model will contribute to an examination of financial literacy with its various dimensions,
along with conceptual relationships.
AU  - OZDEMIR ERDOGAN, EMEL
AU  - ÖZKALE, Abdullah
DO  - 10.5152/hayef.2022.21050
PY  - 2022
JO  - Hayef:journal of education (Online)
VL  - 19
IS  - 1
SN  - 2602-4829
SP  - 61
EP  - 70
DB  - TRDizin
UR  - http://search/yayin/detay/521258
ER  -