Financial Literacy · SHS1 Social Studies

Lesson notes

Learning Objectives

Indicator: 1.6.4.LI.1 - Discuss the concept and features of financial literacy

By the end of the lesson, learners can:

Define financial literacy in their own words and explain why it matters for individuals and for the nation.
Identify at least four key features of financial literacy from a given list or scenario.
Distinguish between financially literate and financially illiterate behaviour using everyday examples.
Explain how budgeting, saving, and informed decision-making form the foundation of financial literacy.
Work collaboratively in groups to research and present findings on one feature of financial literacy.

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Curriculum details

Strand: Production, Exchange and Creativity (Strand 6)
Sub-strand: Financial Literacy (6.4)
Content standard: 1.6.4.CS.1 - Demonstrate understanding of the need to be financially literate and apply it in establishing a secure personal and public financial security 1.6.4.LO.1 Examine the concept of financial literacy and efficient ways of using individual and public finances and managing individual finances in ways that can ensure financial security
Indicator: 1.6.4.LI.1 - Discuss the concept and features of financial literacy
Suggested placement: Semester 2, Week 15 (Week 35 of the year)
Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.
Curriculum reference: NaCCA curriculum document, p. 48

Exemplars (from the NaCCA curriculum)

Group work and collaboration:
- In differentiated task groups, learners discuss the meaning of financial literacy
- Learners research on the features of financial literacy and discuss findings
Teaching and Learning Resources:
- Stationery
- Smartphone/Tablets
- YEAR TWO
- Computers/ laptops
- Internet access
- Standard textbooks
- Resource person
Assessment (1.6.4.AS.1). The document marks these depth-of-knowledge levels for this indicator: Level 2 Skills of conceptual understanding; Level 3 Strategic reasoning.