Economic Literacy Levels: A Case Study in Indonesian University

Abstract

It is thought that economic literacy helps in achieving macroeconomic targets, increasing savings, using sources efficiently, increasing entrepreneurship intentions. Because of this reason the academic and politic interest in economic literacy is gradually increasing. Policy makers try to develop new policies to increase economic literacy in their countries. The aim of this research is to measure economic literacy of Indonesian university students and get ideas about students’ potentials. To this aim we conducted a test and a survey on private university students in Indonesia. It is revealed that economic literacy of Indonesian students is in moderate level. Also macroeconomic literacy level is higher than microeconomic literacy level.