Ten years after the financial crisis, how is finance taught?

Authors
Publication date
2018
Publication type
Other
Summary Finance education seems to have been little influenced by the great fi-nancial crisis of 2007-2008. This is the result of a questionnaire survey conducted by the Veblen Institute and four female finance teachers during 2018. Only 25% of the teachers surveyed believe that teaching has changed so significantly since the crisis. This inertia can be explained in part by the dominance of a few "reference" textbooks that focus largely on the mathematical and technical aspects of the finance profession, and more often than not neglect the issue of the impact of finance on society. The most cited textbooks do not really focus on the macroeconomic impact of finance, even though this impact is the major factor in the economic transformations that have taken place since the 1980s. This note analyzes the results of the questionnaire conducted between May and June 2018, and the authors propose several avenues for reforming the teaching. The full set of data from the survey is available on the Veblen Institute website.
Publisher
Institut Veblen
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