Helping young people be MoneySmart,
ASIC
Teacher Workshop 1: Introduction to consumer and financial
literacy education in Australia
© ASIC 2012
The Australian Curriculum
and Consumer and Financial Literacy
• Implementing the Australian Curriculum using a
consumer and financial literacy context
• A whole-school curriculum development and teacher
professional learning package
• By teachers, for teachers!
© ASIC 2012
Teacher Workshop 1
Introduction to consumer and financial literacy
education in Australia
© ASIC 2012
What do the experts think?
Paul Clitheroe
Chairman, Australian Government Financial Literacy Board
and Financial Commentator
Paul’s video can be found here:
http://teaching.moneysmart.gov.au/resource-centre/videos
© ASIC 2012
The MoneySmart Teaching Package for:
Primary Teachers
Integrated: Foundation to
Year 2, including a big book,
and Years 3–6)
Mathematics: Years 4–6)
Teacher
Guide
Facilitator
Guide
MoneySmart
Units of Work
Whole School Case
Study
Including four workshops for
teachers and one workshop
for parents/carers
© ASIC 2012
The MoneySmart Units of Work
Foundation to Year 6
Have Australian Curriculum content descriptions
Link to the National Consumer and Financial Literacy
Framework
© ASIC 2012
The MoneySmart Units of Work
Can be adapted to your local context
Allow for the formation of a bank of units of work and
can be added to your school’s curriculum map
Provide an explicit whole-school approach
© ASIC 2012
Online Support @
www.teaching.moneysmart.gov.au
Professional learning modules
for primary and secondary
teachers
A range of digital and other
resources
© ASIC 2012
How important is money in our lives?
Activity 1: A personal money timeline
© ASIC 2012
Needs and wants — what are they?
Activity 2: The needs and wants sort-out!
© ASIC 2012
The push and pull of needs and wants
Activity 3: A tug o’ war
© ASIC 2012
How do I feel about money?
Activity 4: An Oxford debate
© ASIC 2012
What can we do with money?
Spend
Save
Invest
Donate
What is missing?
© ASIC 2012
National and International Impetus!
•
•
•
•
•
OECD, INFE and PISA
NAPLAN
ASIC’s involvement
National Financial Literacy Strategy
National Consumer and Financial Literacy
Framework
• MoneySmart Teaching
• National MoneySmart Week — September
© ASIC 2012
Who are consumer and financially
literate people?
Individuals who are consumer and financially literate
have the ability to apply knowledge, understandings,
skills and values in consumer and financial contexts
to make informed and effective decisions that have a
positive impact on themselves, their families, the
broader community and the environment.
Source: National Consumer and Financial Literacy Framework, Ministerial Council for Education, Early
Childhood Development and Youth Affairs (MCEECDYA), 2011
© ASIC 2012
The National Consumer and
Financial Literacy Framework
Knowledge and
understanding — money
and consumer decisions
Competence — applying
knowledge
Responsibility and
enterprise — making
choices
© ASIC 2012
The MoneySmart Brand
Consumer website:
www.moneysmart.gov.au
Products:
• MoneySmart Teaching
website
www.teaching.moneysmart.gov.au
• MoneySmart Teaching
package
MoneySmart…
…Schools
…Teachers
…Kids (primary)
…Students (secondary)
© ASIC 2012
Becoming a MoneySmart School
• Benefits:
–
–
–
–
a point of difference
MoneySmart Kids/MoneySmart Teachers
motivated and engaged learners
engage with QA assured prepared units of work aligned to
the Australian Curriculum
– opportunity and process provided to engage in whole-school
curriculum renewal
– SuperClubs Plus license
© ASIC 2012
Becoming a MoneySmart School
• Requirements
–
–
–
–
–
–
–
–
set up school management team
develop MoneySmart School implementation plan
complete four teacher workshops and parent/carer workshop
undertake whole-school audit of financial literacy activities
teach at least one unit of work per year level
present a report on its implementation to school community
add financial literacy to school curriculum map and unit bank
each year level to teach at least one MoneySmart unit of work
per year after this work is finished
– contact us at the MoneySmart Teaching website to receive the
window ‘decal’ identifying you as a MoneySmart School
© ASIC 2012
The MoneySmart School
Learning Journey
Overview of the 5 workshops
Including one for Parents/Carers
© ASIC 2012
So is this another learning area?
Makes Australian Curriculum
subjects come alive in real-life
settings
Consumer and financial literacy
is a cross-curriculum focus
English: Advertising, contracts, guarantees
Science: Environmental and sustainability
Mathematics: Financial literacy sub-strand
Motivates and engages
learners
Connects learners and their
learning to the community
© ASIC 2012
On closing, MoneySmart Teaching:
•
•
•
•
Brings the curriculum alive
Meets Australian Curriculum responsibilities
Focuses on the education of young Australians
Creates the opportunity for a whole-school approach
• ‘To the Max!’ video
• Date for Teacher Workshop 2
© ASIC 2012