Economics for Success
An interactive classroom programme in which secondary students explore personal finance and students’ education and career options based on their skills, interests, and values. It also demonstrates the economic benefits of staying in school.
Purpose and process
To help students gain an understanding of their role in the society and the economy as consumers, employees, taxpayers, investors and borrowers. Using this knowledge, the students will then be able to apply their knowledge of personal finance to comprehend their needs and wants and make strong financial management decisions regardless of income.
Students can learn to:
- Identify careers and understand the world of work
- Develop and apply reflective decision-making skills
- Understand the relationship between education and success
- Balance a budget
- Differentiate between gross and net income
- Understand the advantages and disadvantages of using credit
- Weigh the benefits and opportunity costs associated with insurance
- Manage financial risk
Curricular or thematic relevance
Standalone enterprise activity or could be linked to: Business Studies; Economics; Citizenship; PSHE; Careers Education. There is potential for creating extended learning opportunities from each activity to enhance and extend core activities.
How to organise:
Series of 6 sessions (average duration 45 minutes) - could be timetabled lessons or extra-curricular, e.g. after school sessions.
The teacher is to organise the activities, support the business volunteer and follow-up the project with the class. All 6 sessions are led by a business volunteer.
A brochure is available for download here:
Files for download:economics-for-successs.pdf / 3271kB
helper do TM detail body (June 6th, 1st half)
From the description available on the website and in the brochure, this looks to be an interesting programme/resource.
I am particularly interested in the financial capability element as students are often poorly prepared for managing their own finances, for example, not fully underatanding the cost of credit etc.
A potential limitation of the succes of a programme of this nature is the reliance on volunteers, if such volunteers are critical to the delivery of the programme.