The spate of financial scandals that are rocking Chile have stirred a wholesome debate in the country on the importance of ethics in the teaching of economics. The Pontifical Catholic University of Chile’s economics and administration faculty has been under the spotlight since three of its former students, previously hailed as 'star students', were prosecuted and jailed for a week pending trial for tax fraud and other financial crimes

As a result of the increasing economic scandals, business universities and schools around the world are now interested in including ethics classes in their programs. They are concerned with idea that students are not equipped to deal with ethical dilemmas, therefore several activities that involve the analysis of the causes and consequences of the crises, visits to convicted of fraud and projects to change are taking place.