With the development of economic society, financial education, as a branch of social sciences, is becoming highly valued by a numbers of educator and students. Some people claim that it should be set as a required course within curriculum due to the present economic situation. Personally I think this statement Makes sense to some extent.
It is commonly acknowledged that economy is the cornerstone of modern society. Within our forefathers days the situation may be different; yet within this day and age, knowing and understanding all the specifics in regard to financial-education has become a necessity for every individual due to the present development of market-based economic society. Without any general knowledge in financial field, it will be increasing difficult for individual to survive in present time, since economic activities come first within any and every facet of our human life.
To begin with, financial education will benefit individual personal life. In regard to a medium salary household, be it blue collar class or white collar class, the skill of money management shows to be as crucial to the household as earning money, since the management of money is what sustains the household within it’s financial-class.
Further more, Individuals mastering some financial knowledge will definitely enhance the entire society’s confidence and boost the productivity of society as a whole. Many graduates have exposed the connection between, the lack of ones general knowledge in financial field and the ability for an employer to promote the employee. This individual issue is able to reflect within the whole of any communities. So, educational systems that offer the courses of financial theory and financial management skills show to have several utilitarian functions.
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However taking financial courses occupies ones time and energy in professional study, causing due alarm among many college students. since, many of these collage students already feel overloaded with their specialized courses. On the other hand, the insufficiency of teaching resource should also be taken into consideration since many of these financial courses can be engaged in during a student’s adolescent and teenage years in school.
In summary, offering financial courses to all students still has many difficulties to conquer at present stage. Nevertheless, the considerable merits of taking financial courses indeed overweigh the demerits. In other words, it is not unrealistic that a specific university’s educational practices will be heavily questioned until the popularization of this matter is seen by each education society as a whole.