Teaching Financial Literacy with a Computer Application

Financial literacy is an important component of building microeconomic capacity for residents of low-income countries (LICs). Simplicity in teaching the principles of financial literacy and employing creative teaching methods such as the use of computer applications are keys to success. FinLit is a second-generation computer application designed to teach financial literacy in a wide variety of economic and cultural contexts. Users can learn financial literacy in FinLit using any language and any currency, and they can input a wide variety of subsistence strategies and professional occupations that replicate local conditions in any part of the world. The authors are interested in collaborating with partners to deploy, field test and refine this computer application.