engleski

EXAMINING THE IMPORTANCE OF FINANCIAL AND POLITICAL LITERACY IN THE CONTEXT OF PUBLIC FINANCE

During the past decade it become obvious that individuals need to have the appropriate level of financial and political knowledge and competencies to make informed decisions and practice active citizenship. Financial and political education are seen as processes intended at rising up the level of financial and political knowledge and skills of citizens. Thus, they may be perceived as a form of public pedagogy. Better understanding of the economic concepts and financial and public system may help citizens to make better financial decisions for themselves and their families, but also to become more supporting or more critical on the economy and the political system they live in. Higher level of financial and political literacy should induce individuals to become more successful in managing their personal finances and to perform an active democratic role in the society and become better citizens and better voters. This paper diverges from the predominant personal approach of financial education and investigates how important dimensions of economic literacy ; financial and political literacy may be addressed in terms of the citizens and government.

financial education, financial literacy, political literacy, citizenship education, democracy, active citizenship, public finance

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