The impact of board games on the financial literacy of public-school students

Abstract

This study examines the impact of using a board game as an educational tool to teach financial concepts in school environments. Adopting a quasi-experimental methodology, the study implemented the game in classrooms and measured its impact on students' financial literacy, financial knowledge, financial behavior and financial attitude using the propensity score matching technique, focusing on the immediate learning outcomes from the board game intervention. The results obtained indicate an increase in the financial literacy and all its dimensions of the students who took part in the board game lessons, demonstrating the effectiveness of this methodology. These findings have significant implications for financial education in schools, suggesting that more interactive teaching methods, such as board games, may be more effective in promoting financial literacy among young people, impacting from financial knowledge to financial behavior and attitude.