Financial Literacy Education at Provincial Schools
Financial Literacy Education at E.C. Drury School for the Deaf
In Ontario, beginning in the 2011-2012 school year, schools and school boards throughout the province are enhancing financial literacy education within existing Ontario curriculum from grades 4-12. The goal of this Financial Literacy Education Initiative is to make financial literacy education a part of every child’s learning by enhancing and highlighting opportunities for students to build financial literacy skills using the existing curriculum in grades 4-12. Curriculum-linked resources including video clips, viewer guides and lesson plans which show the implementation of financial literacy across a wide range of subjects, settings and grades have been developed to support implementation. These and other financial literacy resources can be found by visiting Financial Literacy EduGAINS at http://www.edugains.ca/newsite/financialLiteracy/index.html.
Two schools from the Provincial Schools Branch are featured as part of the provincial financial literacy video clips series. The following video clips show financial literacy education in action in a Grade 7 and 8 class at E.C. Drury School for the Deaf, with a focus on Mathematics and Health and Physical Education.
To see a video filmed at W. Ross Macdonald School for the Blind showing students developing financial literacy skills in a Grade 12 Guidance and Career Education class, click here.
Financial Literacy in Grade 7 and 8 Mathematics and Health and Physical Education Making Savvy Consumer Choices
Students in this lesson are developing their understanding of personal financial planning by solving mathematical problems using real life situations. They add and subtract fractions and integers, apply a variety of computational strategies and use a variety of tools to solve problems. Students use their understanding of proportional relationships (with percent ratios and rate) and measurement units (considering conversions required) while demonstrating the ability to make connections related to health and well-being (considering the impact of healthy choices). They learn to apply the consumer skills they are developing to making purchasing decisions.
In the classroom, the teachers and the students are communicating using American Sign Language (ASL). Thank you to staff at Ernest C. Drury Elementary School for Students who are Deaf/Hard of Hearing (elementary) for providing interpretation for this video.
Download with Closed Captions and Audio Descriptions: MP4 (915 MB)
The two teachers in the video, superintendent and principal reflect on the importance of learning financial literacy skills for their students and for all students. The teachers discuss how they approached their planning, acknowledging that financial literacy concepts are embedded in the curriculum, and how they looked for ways to highlight opportunities for students to build and develop skills related to planning, budgeting and financial awareness.
Download with Closed Captions and Audio Descriptions: MP4 (192 MB)
Students brainstorm as a class, then in small groups about the concept of budgeting. The teacher asks questions to get students to make connections to their own lives. In preparation for the activity, the class reviews some of the concepts they have discussed related to quantities of food and shopping for groceries.
Download with Closed Captions and Audio Descriptions: MP4 (167 MB)
Teachers introduce the task of buying healthy food for a party, working within a $30.00 budget. The class reviews one example together, practicing making conversions between different units for weight. As students work in small groups, the two teachers provide support as needed with individual questions and prompts.
Download with Closed Captions and Audio Descriptions: MP4 (220 MB)
Students share their work and discuss next steps, challenges and key skills they are developing through this activity.
Download with Closed Captions and Audio Descriptions: MP4 (155 MB)
Teachers reflect on how this lesson can build to greater life lessons with global connections. Teachers comment on the collaborative teaching and planning process. Students reflect on their learning related to financial literacy.
Download with Closed Captions and Audio Descriptions: MP4 (172 MB)