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

The Teachers Service Commission is putting in place water-tight measures to enforce performance by teachers and ensure they do not violate professional code of ethics. TSC chairman said teachers will be made to sign the teachers’ code of ethics. The teachers will be required to meet specific targets to ensure they perform to expectations.