© ASIC 2012
Helping young people be MoneySmart, ASIC
Teacher Workshop 1: Introduction to consumer and financial literacy education in Australia
© ASIC 2012
The Australian Curriculumand 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!
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Teacher Workshop 1
Introduction to consumer and financial literacy education in Australia
© ASIC 2012
What do the experts think?
Paul ClitheroeChairman, 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
Including four workshops for teachers and one workshop for parents/carers
Including four workshops for teachers and one workshop for parents/carers
Integrated: Foundation to Year 2, including a big book, and Years 3–6)Mathematics: Years 4–6)
Integrated: Foundation to Year 2, including a big book, and Years 3–6)Mathematics: Years 4–6)
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The MoneySmart Units of Work
Foundation to Year 6
Have Australian Curriculum content descriptions
Link to the National Consumer and Financial Literacy Framework
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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
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Online Support @www.teaching.moneysmart.gov.au
Professional learning modules for primary and secondary teachers
A range of digital and other resources
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How important is money in our lives?
Activity 1: A personal money timeline
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Needs and wants — what are they?
Activity 2: The needs and wants sort-out!
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The push and pull of needs and wants
Activity 3: A tug o’ war
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How do I feel about money?
Activity 4: An Oxford debate
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What can we do with money?
What is missing?Spend Save
Invest Donate
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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
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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
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The National Consumer and Financial Literacy Framework
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The MoneySmart Brand
Consumer website: www.moneysmart.gov.au MoneySmart…
…Schools
…Teachers
…Kids (primary)
…Students (secondary)Products:•MoneySmart Teaching website www.teaching.moneysmart.gov.au
•MoneySmart Teaching package
© 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
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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
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The MoneySmart School Learning Journey
Overview of the 5 workshopsIncluding one for Parents/Carers
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So is this another learning area?
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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
