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Classroom ideas: Finance is fun! Maths and money

Citation

Dungey, M, Classroom ideas: Finance is fun! Maths and money, Australian Mathematics Teacher, 70, (4) pp. 35-40. ISSN 0045-0685 (2014) [Contribution to Refereed Journal]


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Copyright 2014 The Australian Association of Mathematics Teachers (AAMT) Inc.

Official URL: http://www.aamt.edu.au/Webshop/Entire-catalogue/Au...

Abstract

Teaching the principles of finance can seem daunting, but it is something that students find extremely engaging. The fundamental features of money are both mathematical and social constructs, and hence can be usefully entwined with many areas of the curriculum as enrichment activities. While this proposal talks directly to the current Year 6 Australian Curriculum: Mathematics (Units of Measurement) and Australian Curriculum: History (Australia as a Nation) it is also forward looking to the curriculum around financial literacy outlined in the Australian Curriculum, Assessment and Reporting Authority (ACARA, 2012) report on The Shape of the Australian Curriculum: Economics and Business and the Australian Securities and Investments Commission (ASIC, 2011) National Financial Literacy Strategy commissioned by the Government, with the expectation that a substream Money and Financial Literacy will be introduced into Mathematics in the near future (ASIC, 2013). While there are many programs aimed at primary school student financial literacy provided as downloadable resources from major financial institutions my experience is that these are not widely used, at least partly because they tend to rely on sheet based exercises. The advantage of the approach reported here is that it is interactive and involves hands-on learning engaging the entire class and attracts students and teachers to learning based around finance. This can be furthered with programs such as the MoneySmart teaching resources available at www. teaching.moneysmart.gov.au

Item Details

Item Type:Contribution to Refereed Journal
Research Division:Commerce, Management, Tourism and Services
Research Group:Banking, Finance and Investment
Research Field:Investment and Risk Management
Objective Division:Commercial Services and Tourism
Objective Group:Financial Services
Objective Field:Investment Services (excl. Superannuation)
UTAS Author:Dungey, M (Professor Mardi Dungey)
ID Code:99672
Year Published:2014
Deposited By:TSBE
Deposited On:2015-04-01
Last Modified:2015-05-15
Downloads:202 View Download Statistics

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