How is Economic Literacy and Consumptive Behavior? Through the Role of Student Learning Outcomes in Economic Education in Jambi Province

Yasir Riady () and Zuhri Saputra Hutabarat
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Yasir Riady: Universitas Terbuka
Zuhri Saputra Hutabarat: Universitas Batanghari

A chapter in Proceedings of the 5th Open Society Conference (OSC 2023), 2023, pp 201-213 from Springer

Abstract: Abstract This article will reveal the level of economic literacy, academic achievement, and consumption patterns of students focused on economics in the province of Jambi in Indonesia. This quantitative research was put to the test with the use of regression analysis. The Department of Economic Education in Jambi Province recruited 237 of its students to participate as research subjects. The research data was obtained with the assistance of surveys and other data collection methods, and then the data were processed with the assistance of a program called PLS SEM. The outcomes of the research indicate the following: 1) College students have less of a desire to save money, and the wasteful spending habits that they have make it difficult for them to be sensible consumers. 2) The learning outcomes that are accomplished in economics learning can be utilized to evaluate a person’s capacity to recognize appropriate economic performances or achieve that does not include consumption. 3) A decline in consumption behavior occurs when economic literacy and student learning outcomes improve, and others; this is also true the other way around. According to the findings of this study, educational institutions should help students improve their economic literacy as well as their comprehension of learning objectives and consumer behavior. The findings of this research indicate that economic literacy and learning outcomes have a significant and detrimental effect of the academic careers of students in the province of Jambi pursuing degrees at economics instruction.

Keywords: consumer behavior; economic literacy; learning outcomes (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-290-3_18

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DOI: 10.2991/978-94-6463-290-3_18

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