Intermediate Financial Literacy
Grade 4, Primary School
Economics and Finance
The class time is Singapore time as GMT+8/UTC+8
Live Class Starts From:
Oct. 10月 Oktober اكتوبر octobre octubre
Mon. 周一 Montag 月曜日 lunes الاثنين lundi
7.30 pm ~ 8.15 pm
Live Class Ends On:
Weeks 1-4: Money Concepts and Skills
Functions of money
Types of money
Sources of money
Weeks 5-8: Decision Making
Needs and wants
Costs and benefits
Weeks 8-12: Saving Money
Saving VS spending
Types of savings
Weeks 13-16: Careers
Skills and jobs
Employment income: salary, wage, commission
Non-employment income: profits, dividends, rent
THEME OF THE PROJECT
Personal Financial Plan
By the end of this project, the students will be able to:
Find information about exchange rates
Conduct cost-benefit analysis
Set financial goals
Develop a savings plan
Identify differences between employment options
Align income with financial goals
1ST STAGE OF THE PROJECT
Currency exchange diary
In week 3, students select two currencies, for example, a US dollar and a national currency, or two foreign currencies. During five business days, students track exchange rates of the selected currencies and record them in a collaborative document on Google Drive, where each student has a personal segment to complete.
2ND STAGE OF THE PROJECT
Setting financial goals
On the first stage of this project (weeks 5 and 6), the students discuss costs and benefits of several financial goals, such as a travel tour or a new computer. They write down their thoughts in a collaborative document.
On the second stage of this project (weeks 7 and 8), each student sets their own financial goal and submits an entry with the reasoning for choosing this financial goal (costs, benefits, and utility of this goal). The value of the financial goal must be presented in national currency and at least one foreign currency.
3RD STAGE OF THE PROJECT
Each student submits a savings estimate for achieving the financial goal set in Stage 3 and a savings estimate for a peer’s financial goal. Based on comparison of own and peer estimates, each student revises their own financial estimate.
4TH STAGE OF THE PROJECT
Sources of income
On the first stage of this project (weeks 13 and 14), the students discuss advantages and disadvantages of several income sources, such as salary-based employment, wage-based employment, self-employment, and property rent. They write down their thoughts in a collaborative document.
On the second stage of this project (weeks 15 and 16), each student selects own source of income, submits an entry with the reasoning for choosing this income source, and aligns the source of income with the financial goal and savings plan submitted on previous stages.