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Financial Literacy

How to teach financial education

Financial literacy cannot and should not be taught in a vacuum. Education for the development of finance-related knowledge and understanding, attitudes and skills requires that students can appreciate the personal, societal and cultural relevance of knowledge learnt and can apply it to solve common, everyday problems.

Learning approaches

Financial literacy requires teaching and learning methods which involve critical thinking, investigation, problem-solving and creativity. A practical, applied approach should be adopted. Read more

A Proposed Model (matrix)

Education and financial understanding Read more

Assessment/Evaluation

Table 2 offers a matrix depicting how understanding, attitudes and skills are integrated within financial education and what are the potential learning outcomes (what learners will be able to do). Read more

Links and further information

Alrø H. & Skovsmose O. (2000). Student Inquiry Co-operation in Mathematics Education. Mathematics Education Unit. Department of Mathematics. The University of Auckland. PB 92019, Auckland New Zealand. Bailey S. & Kitson M. (2006). Guidelines for Consumer Education for Adults. CEAN Consumer Education for adults Network, a Socrates Grundtvig 4 Project 2003-2006. Nielsen S. S. & Gottschau J.(2005). Cross-disciplinary Consumer Citizenship Education. D. Doyle (Editor). Taking (...) Read more

 
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