People face complicated financial decisions starting from a young age. Financial mistakes made early in life can be costly. Thus, Financial literacy could play an important role in sound financial decision-making. Financial illiteracy has implications for many household behaviors. People with the lack of financial literacy participate less in the stock market (van Rooij et al. 2011), choose mutual funds with higher fees (Hastings and Tejeda- Ashton, 2008), and accumulate less retirement wealth (Behrman et al. 2010).

At times math teachers use a legend, “mathematics in the game of chess”, as an introduction to Exponential Functions. The original myth tells of a mathematician in India who invented the game of chess and was subsequently bestowed a vast reward for its creation. The king of India was so impressed by the game that he offered the mathematician to “name your reward!” The inventor responded, “My wish is simple.

ISET is pleased to announce that Irakli Shalikashvili (who graduated as part of the Class of 2015) was accepted with full university funding for the Economics Ph.D. program at the University of Notre Dame. Having worked for two years as a researcher at the ISET Policy Institute and subsequently as a lecturer, Irakli decided to continue his education abroad.

The Government of Georgia (GoG) is determined to foster the internationalization of the Georgian higher education system and to ensure that all Georgian citizens have access to high quality higher education, to support their individual and professional development and to improve their access to better employment opportunities.

We are living in an era of advanced technology, and with such rapid development, the changing landscape of the online world has dramatically changed our daily lives. There is no doubt that over the years technology has created amazingly useful resources, which has placed all the information we could need at our fingertips. Software is devouring the world, and you can imagine that this is great news for IT professionals. It’s not just Facebook and Google that need IT professionals.