Information Literacy for business    students in UCT Libraries           Susanne Noll
Lecturer                     Essay                        PCs with data                       and information           Li...
Basic information literacy includes• The need for information• Accurate information is reason to make proper  decisions• I...
Business information literacy•   More data oriented•   The need for raw data•   Accurate data such as share prices•   Inte...
Importance of information literacy in              business• As in all academic disciplines information literacy is a  cen...
Challenges• Findings every year : students have no clue  how to find data and information on  databases;• They expect libr...
What do business students ideally                want?• Locating financial data and articles• Accessing financial database...
The need for information literacy   instruction for business subjects• Be included in the curriculum to create  awareness ...
3 Approaches• Face-to-face instruction• Classroom activities• Assessing information skills from time to time  to monitor p...
Framework for learning environment•   Need for information literacy•   Early in the year•   Learning environment : which r...
Library scientists teach financial       databases in UCT Libraries• McGregor BFA (local and African-expanding)  Blink (ad...
What can be foundShare prices of listed companies       financial statements       annual reportsBondsData of IndicesCommo...
Time series data• Greatest interest in historical data   –   to detect trends,   –   to forecast,   –   to compare,   –   ...
Output formats• Excel if its raw data ( columns) or graphs• Word if its text
What do we offer? User education• Financial databases:  Raw data (numbers in columns)  Time Series  Graphs of trends    of...
What do we as librarians do :• Co-operate with the lecturer(s)• Take actively part in the  – orientation programme  – writ...
…while, at the same time• We need to keep updated with latest developments  from the publishers• Keep on benchmarking ours...
As with everything in life it is a ….
Information literacy for business students in uct libraries
Information literacy for business students in uct libraries
Information literacy for business students in uct libraries
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Information literacy for business students in uct libraries

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Information literacy for business students in uct libraries

  1. 1. Information Literacy for business students in UCT Libraries Susanne Noll
  2. 2. Lecturer Essay PCs with data and information Librarian Skill• Attempt to summarize some experience in information literacy for business students
  3. 3. Basic information literacy includes• The need for information• Accurate information is reason to make proper decisions• Interest in databases• Potential sources for information• Successful search strategies• Evaluation• Sorting and organizing• Integrating knowledge into existing knowledge• Using information practically for the project
  4. 4. Business information literacy• More data oriented• The need for raw data• Accurate data such as share prices• Interest in databases• Potential sources for information• Successful search strategies• Analysis and Evaluation• Sorting and organizing• Integrating knowledge into existing knowledge• Using information practically for the project
  5. 5. Importance of information literacy in business• As in all academic disciplines information literacy is a central point to be able to research business subjects;• Understanding the fundamental movements on the money market strengthens understanding of the economy;• Every student has the right to information access and literacy;• If students learn to use these databases for their assignment and projects they will be able to use them outside on the open market;• Leads to business success
  6. 6. Challenges• Findings every year : students have no clue how to find data and information on databases;• They expect librarians to find information FOR them;• Show no interest in the functionalities of databases;• Copy data quickly and save it;• Take the finished product home.
  7. 7. What do business students ideally want?• Locating financial data and articles• Accessing financial databases• Retrieving data• Evaluating data from different sources critically• Managing data in text (reference manager)• Using data to prove hypotheses
  8. 8. The need for information literacy instruction for business subjects• Be included in the curriculum to create awareness of the accessibility• Discipline-specific context• Embedding literacy skills into curriculum
  9. 9. 3 Approaches• Face-to-face instruction• Classroom activities• Assessing information skills from time to time to monitor progress
  10. 10. Framework for learning environment• Need for information literacy• Early in the year• Learning environment : which resources are available• Interaction environment : encouragement to ask for assistance• Improving relations between librarians and students constantly• Promoting information literacy instruction• Promoting librarian’s skills• Emphasizing organizational culture in teaching and learning
  11. 11. Library scientists teach financial databases in UCT Libraries• McGregor BFA (local and African-expanding) Blink (addition to McGregor)• DataStream (International)• Reuters (International)• AMPS (All Media Product Survey) (South African Marketing data)
  12. 12. What can be foundShare prices of listed companies financial statements annual reportsBondsData of IndicesCommoditiesForeign exchange ratesLatest : News
  13. 13. Time series data• Greatest interest in historical data – to detect trends, – to forecast, – to compare, – to understand the economy, – to interpret economy• Data over a specific time (at the moment some go back to the 60s, some 70s, some 80s) - interesting how the market in SA changed from 1994 onwards• On a weekly, monthly, yearly basis
  14. 14. Output formats• Excel if its raw data ( columns) or graphs• Word if its text
  15. 15. What do we offer? User education• Financial databases: Raw data (numbers in columns) Time Series Graphs of trends of : shares commodities foreign exchange indices bonds
  16. 16. What do we as librarians do :• Co-operate with the lecturer(s)• Take actively part in the – orientation programme – writing programme – lecturing programme (if possible embedded)• Find out exactly what the students need/want• How detailed• What for (level : under- or post graduate)
  17. 17. …while, at the same time• We need to keep updated with latest developments from the publishers• Keep on benchmarking ourselves with other institutions• Attend presentations• Ask questions, communicate, share• Read the economic news• Strengthening relationships between ourselves and academics• Develop strategies for teaching and learning for specifically business students
  18. 18. As with everything in life it is a ….
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