The Influence of Economics Learning on Financial Literacy in Economics Education Students: A Literature Review
Abstract
This literature review aims to explore the influence of economic education on financial literacy among economics students. The development of digital technology, particularly social media, has accelerated the dissemination of information and knowledge; however, it has also encouraged consumptive behavior that can impact financial decision-making. Therefore, economic education plays a crucial role in shaping students' financial literacy. Good financial literacy enables students to make informed decisions and achieve financial well-being. The findings of this review suggest that economic education effectively enhances students' financial literacy, both through an understanding of economic concepts and their practical application in financial management. Financial experience and family support strengthen this effect, whereas a consumptive lifestyle may reduce its effectiveness. Sustainable and contextually relevant financial literacy programs can produce long-term impacts on students’ financial knowledge and behavior.
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