The Development of Learning Activities Using Problem-Based Learning to Enhance Financial Literacy for Pre-service Teacher
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Abstract
This research aimed to develop problem-based learning activities to enhance financial literacy for pre-service teacher students and to study the effects of using problem-based learning activities to enhance financial literacy for these students. This research used a mixed- methods research design, specifically the concurrent embedded design, to collect both quantitative and qualitative data. The target group consisted of 38 fourth-year students majoring in Social Studies at the School of Education, University of Phayao, during the academic year 2023. The target group was selected using purposive sampling. The research instruments include: 1) six problem-based learning plans totaling 16 hours; 2) a 50-item financial literacy test for pre-service teacher students; and 3) a 25-item structured interview. Quantitative data was analyzed using mean, standard deviation, percentage, and t-test statistics, while qualitative data was analyzed through content analysis. The research findings indicated that: 1) The development of learning activities using problem-based learning consisted of six steps: Step 1: Identifying and connecting the problem; Step 2: Defining problem-solving strategies; Step 3: Investigating the problem; Step 4: Synthesizing knowledge; Step 5: Concluding and evaluating solutions; and Step 6: Presenting and assessing the outcomes, which these learning activities effectively enhanced the financial literacy of the students. 2) The students’ financial literacy was significantly higher after the problem-based learning activities compared to before, at the.05 level. Furthermore, all components of financial literacy-financial knowledge, financial attitudes, and financial behaviors - were significantly higher after the activities at the.05 level. The learning activities using problem-based learning significantly improved students’ financial literacy and their personal financial planning behaviors, including income management, expense management, savings management, and investment management.
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