Financial Education in Economic Decision Making of Students of the University of Córdoba-Administration Program in Finance and International Business

Abstract

This study evaluated the impact of financial education on economic decision-making by students of the University of Córdoba in the Finance and International Business Administration program. It was identified that many of them face financial difficulties that lead them to inadequate economic decisions, affecting their long-term well-being. The absence of adequate financial training in the early academic stages seems to be a key factor in this problem. The main objective was to analyze how the level of financial education influences the quality of students' economic decisions. To do this, we worked with a representative sample of 148 students, who completed structured questionnaires. The variables analyzed were the level of financial education, economic decision-making, and participation in financial education programs as a moderating variable. The results showed that students with greater knowledge about personal budgeting and financial management make better economic decisions, especially in aspects such as saving, investing and the responsible use of credit. Likewise, a significant correlation was found between participation in financial education programs and improvement in daily economic decision-making. In conclusion, financial education is a crucial factor in the economic formation of students, positively influencing their ability to make responsible financial decisions. These findings underscore the importance of strengthening financial literacy programs at the university to better prepare students for future economic challenges.