TEACHING FINANCIAL LITERACY IN PRIMARY SCHOOL STUDENTS: INTERNATIONAL EXPERIENCE

Journal Title: Continuing Professional Education: Theory and Practice - Year 2021, Vol 1, Issue 66

Abstract

The article is devoted to international experience in teaching financial literacy in elementary school students. The state of research is analyzed in the theory and practice of elementary education. This article reacts to the current situation in our society and the need for financial education in schools. The modern world requires financial and economic literacy. The essence of the concept and importance of financial literacy is considered. Appearances of scientists to interpret the concept of «financial literacy» are revealed. The author proposes an actual definition of financial literacy, which is understood as human skills to dispose of their own funds, possessing the basic financial knowledge, which will rationally take financial decisions. An analysis of international experience in teaching financial literacy and organization of educational process aimed at developing financial skills of elementary school students is carried out. Financial literacy and financial education are not new categories for the world experience of young education. The number of countries that implement financial literacy programs increases annually. So, in Europe there are more than 180 such programs. The study showed that it is extremely important to include financial literacy in the educational process in the elementary school an important role in learning students of the elementary school of financial literacy play relevant programs developed by ministries of finance, national banks, public organizations, charitable foundations, etc. that exist in different countries of the world (USA, Great Britain, Netherlands, Turkey and others). The author concludes that there is a need for mastering young competencies in various types of financial activity due to the peculiarities of the development of Ukrainian society. From these grounds for key competencies that should form into school students, financial literacy includes.

Authors and Affiliations

Viktoriia Andriichuk

Keywords

Related Articles

INTRINSIC MOTIVATION OF STUDENTS DURING BLENDED LEARNING OF BUSINESS ENGLISH

The article discusses the issue of improving the efficiency of teaching Business English to students of economic specialties using educational Internet resources. The described method of blended learning involves the act...

DEVELOPMENT OF SCIENTIFIC COMMUNICATION OF STUDENT’S YOUTH BY MEANS OF TOURNAMENT’S COMPETITIONS

This research work is dedicated to a topical theme from the science’s point of view. The main goals are to study the role of competitions in history tournaments for students in the development of scientific communication...

INCREASING MOTIVATION IN PHYSICAL EDUCATION CLASSES AT AN AGRARIAN UNIVERSITY

This article defines the criteria for the formation of the pedagogical competence of scientific and pedagogical workers in physical education (motivational-value, cognitive-processual, developmental, educational, health-...

PROFESSIONAL READINESS OF TEACHERS FOR THE FORMING OF STUDENT’S NATIONAL IDENTITY IN THE LESSONS OF FOREIGN LITERATURE

The article deals with the problem of the readiness of the literature teacher for the forming of the national identity of students in foreign literature lessons. The aim of the article is to outline the components of the...

PREPARING STUDENTS FOR LEADERSHIP: THE ROLE OF UNIVERSITIES

The article is devoted to the role of universities in preparing students for leadership. The article states that universities provide opportunities that cultivate the leadership potential of their students, but rarely of...

Download PDF file
  • EP ID EP693669
  • DOI https://doi.org/10.28925/1609-8595.2021.1.10
  • Views 144
  • Downloads 0

How To Cite

Viktoriia Andriichuk (2021). TEACHING FINANCIAL LITERACY IN PRIMARY SCHOOL STUDENTS: INTERNATIONAL EXPERIENCE. Continuing Professional Education: Theory and Practice, 1(66), -. https://www.europub.co.uk/articles/-A-693669