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Financial Numeracy in Mathematics Education

Annie Savard and Alexandre Cavalcante, eds.
Publication Date: 
Number of Pages: 
[Reviewed by
Blain Patterson
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Financial Numeracy in Mathematics Education is a brief book that discusses the importance of mathematics in the teaching of financial numeracy edited by Annie Savard and Alexandre Cavalcante. Through the lens of mathematics education in the digital era, this book focuses specifically on teaching practices, resources, and the needs of secondary mathematics teachers to incorporate concepts related to financial literacy in their classes. Typically, most research in the area of financial education is done by those fields of business, accounting, management, and economics. Financial Numeracy in Mathematics Education aims to add another perspective to the conversation by including work done by researchers in mathematics education. This book provides a springboard for those interested in teaching or learning more about financial numeracy.
This book is organized into four parts, structured as a single in-depth research paper: epistemology and curriculum, research design of the project, results of the project, and implications for teachers. Each of these sections provides the reader with a variety of background information and perspectives, giving an overview of how financial numeracy is situated within the broader context of mathematics education.  The first part (Epistemology and Curriculum) introduces the theoretical frameworks on which this research is built by discussing the intersections between financial education and mathematics education literature. This is followed up in the second part (Research Design of the Project), where the authors discuss the overall design of their research on financial numeracy in mathematics education.  In part three (Results of the Project), the authors present the main results from analyzing focus groups, online survey data, and video of recorded lessons, with the goal of describing the overall state of financial numeracy in Quebec, Canada. Finally, part four (Implications for Teachers) aims to provide teachers and teacher-educators with practical takeaways so that they can implement financial numeracy in their classrooms.
Financial Numeracy in Mathematics Education may be recommended for both those conducting research in financial numeracy as well as teachers or teacher-educators who would like to incorporate financial numeracy in their classroom. This could also be used as a supplementary book for a graduate-level mathematics education student studying financial numeracy.  In any case, this book provides the reader with a summary of the major issues and challenges facing the field of teaching and learning financial numeracy and how this fits into the larger picture of mathematics education. 

Dr. Blain Patterson ( is an Assistant Professor of Applied Mathematics at the Virginia Military Institute. His research focuses on teacher content knowledge as well as improving teaching and learning in undergraduate mathematics classrooms.