Table 1 Measurement instruments of economic literacy between 1990 and 2020 (based on Welsandt and Abs 2023)
Instrument | Country | Author, Publisher, or Institution | Year |
|---|---|---|---|
Basic Economics Test (BET) | USA | Walstad, W. B.; Robson, D | |
Economic literacy test [Wirtschaftskundlicher Bildungs-Test (WBT)] | Germany, Austria and Switzerland | Beck, K.; Krumm, V | |
Test of Economic Knowledge (TEK) | USA | Walstad, William B.; Soper, John C | |
Economic literacy of secondary school students [Ökonomische Bildung von Schüler/innen Allgemeinbildender Höherer Schulen (OBHS)] | Austria | Brandlmaier, E.; Frank, H.; Korunka, C.; Plessnig, A.; Schopf, C.; Tamegger, K | |
Financial Fitness for Life Test (FFFT) | USA | Walstad, W. B.; Rebeck, K | |
Test of Understanding in College Economics (TUCE) | USA | Walstad, W. B.; Watts, M.; Rebeck, K | |
Jump$tart Coalition 2008 College survey (Jump$tart) | USA | Mandel, L Merrill Lynch Foundation | |
National Assessment of Educational Progress (NAEP) | USA | National Center for Education Statistics | |
The Financial Knowledge Scale (FKS) | USA | Knoll, M. A. Z.; Houts, C. R | |
PISA 2012 Financial Literacy (PISA) | 18 countries | OECD | |
Financial education online: does it work? (FEO) | Italy | Nicolini, G | |
A test of minimal economic knowledge in Germany (MEK) | Germany | Wobker, I.; Lehmann-Waffenschmidt, M.; Kenning, P.; Gigerenzer, G | |
Test of Economic Literacy 4th Edition (TEL) | USA | Walstad, W. B.; Rebeck, K.; Butters, R | |
Economic Competencies of Students Leaving Secondary School [Ökonomische Kompetenzen von Maturandinnen und Maturanden (OEKOMA)] | Switzerland | Schumann, S.; Eberle, F | |
Impact of education on the financial literacy (IFL) | Slovakia, Czechia, Poland and Hungary | Tóth, M.; Lančarič, D.; Savov, R | |
'Did you get it right?' flash cards. Maths in the area of basic financial education [Stimmt’s-Kärtchen. Rechnen im Bereich Finanzielle Grundbildung.] | Germany | Deutsches Institut für Erwachsenenbildung | |
CERAFORMA | Germany | Winther, E.; Klotz, V. K | |
Test of Financial Literacy (TFL) | USA | Walstad, W. B.; Rebeck, K | |
ALUSIM | Germany | Winther, E.; Seeber, S.; Weber, S.; Bley, S.; Festner, D.; Kreuzer, C.; Rudeloff, M.; Sangmeister, J.; Wiethe-Körpich, M | |
PISA 2018 released financial literacy items (PISA) | 20 countries | OECD | |
The Financial Literacy Project (FLP) | USA | Breitbach, E.; Wagner, J | |
National Financial Capability Study (NFCS) | USA | FINRA Investor Education Foundation | |
Test of economic civic competence [Leistungstest Wirtschaftsbürgerliche Kompetenz (WBK-T2)] | Switzerland Germany | Ackermann, N | |
Test of Economic Competence (TEC) | Germany | Kaiser, T.; Oberrauch, L.; Seeber, G | |
Financial Literacy Test (FLT) | South Africa | Mudzingiri, C | |
Measurement of systems competence as an indicator of sustainable educational development [Messung von Systemkompetenz als Indikator im Bereich Bildung für nachhaltige Entwicklung (SysKo-BNE)] | Germany | Hartig, J.; Roczen, N |