Essential Learning > Economics Domain > Financial Literacy

Financial Literacy

September upload 2009

Student Choice Awards explores the use of Facebook in a classroom activity.

  • Financial Literacy – Students’ Choice Awards [PDF file]
  • Financial Literacy – Resources for Barter and the functions of money, with an activity on Gold [Word file]
  • Financial Literacy – Assessment Task – Level 6 – Steve Martin video clip and Money [Word file]


June upload 2009

Brand Names are powerful tools to influence consumer decision making. Money and the functions of money are presented in a different way through music. With the current Global Financial Crisis in full swing Choice magazine has some great resources for you to build an activity around. Using the Choice resources there are eight ideas for activities.

  • What is in a brand name? [Word file]
  • Money songs [Word file]
  • The effective consumer in the Global Financial Crisis (GFC) from Choice Magazine [word file]


April upload 2009

  • Financial Literacy – My life as a coin [Word file]
  • Financial Literacy – Consumers, which one are you? [Word file]

February upload 2009
  • Financial Literacy - Money Lingo Crossword and Word Puzzle [PDF]

Classroom August 2008

  • Financial Literacy - Dollarsmart

Dollarsmart units examine six key aspects of financial literacy. Dollarsmart

FPA believes that being financially literate – understanding money and making plans to meet your financial needs and goals – is essential to the wellbeing and security of Australians. Dollarsmart: A financial toolkit for young Australians (Dollarsmart) is a web and CD based program designed to help teenagers improve their financial skills and give them confidence when dealing with financial matters throughout their life.

Dollarsmart units

Dollarsmart examines six key aspects of financial literacy. Click here on the following headings to view each unit:
Please note: This version of Dollarsmart is intended for use by residents of Australia and New Zealand only.

Classroom July 2008

Financial Literacy – Budgeting

The Tasks in this Budgeting Activity include using the Internet for research, VELS ICT skills and a practical budgeting activity:

  1. Prepare a 5 minute presentation for your class on ‘Why budgeting is an important financial life skill’.
  2. Complete the practical exercise for Fiona and Roger

In completing your tasks you need to …
  • Use at least three different ICT tools from this list – Digital Camera/Video, Microsoft Office (Word, Excel, PowerPoint), Kahootz, Wiki, Blog, Podcast, Digital Imaging Software (eg Photoshop) and/or one of your own choice approved by your teacher

  • Justify your use of the ICT tools

  • Check that your work has minimal functional, typographical, formatting and readability errors.

Classroom 2008

  • Financial Literacy – ASIC resource

ASIC Victorian middle school resource Levels 5 and 6 (years 7–10)

This covers important consumer education issues for young people, for example, buying a car, mobile phone or dealing with credit. It will be of particular interest to Commerce/Business Studies teachers, working in Humanities – Economics.

Produced in consultation with the Victorian Curriculum and Assessment Authority and the Victorian Commercial Teachers’ Association, the resources comply with Victorian Essential Learning Standards.

Both units can be linked to the National Framework for Financial Literacy.

Download ASIC Victorian middle school resource

PDF file (476KB) WORD file (945KB)

2006 - 2007 Classroom and Compak resources

September 2007 Classroom

Assessment - Credit

Dianne Fabiyanic has created a test covering the topic of credit. This test is designed for ESL students at Year 10 level.

August 2007

Assessment - Budgeting
Dianne Fabiyanic has created a test covering skills in financial literacy.This test is designed for ESL students at Year 10.

Supplements to Compak Issue 4 2007

Commonwealth Bank Foundation: resources for your courses! (ECOCIT407_1, issue 4, October 2007) Word or PDF
Financial literacy role-play and activities (ECOCIT407_2, issue 4, October 2007) Word or PDF

Previously uploaded resources

Compak Issue 3 2006

Are you a spender or a saver?
Cleo Westhorpe, DipEd, The University of Melbourne, 2006
These activities are designed to develop students' financial literacy skills. The activities provide opportunities for students to develop and demonstrate an understanding of the role and significance of savings for individuals and for the economy, and skills in planning and managing personal finances (Humanities-Economics domain, Level 6). Students are required to use Microsoft Excel to create charts using current data on household expenditure and simple personal budgets. In creating these, they are to apply commonly accepted presentation conventions (ICT domain, Level 6). Templates and tables for the ICT tasks in this resource are available in an Excel file


Compak Issue 4 2006

Financial literacy activities and resources (PDF, 432K, ES406_1.pdf, no. 4, October 2006)

Gary Grach, Shelford Girls Grammar
These materials were distributed at a VCTA professional development activity in July. They include a series of classroom activities, a list of useful financial literacy websites, and outlines of Chapters 1-3 of the new Macmillan/VCTA Publishing textbook, Money, Markets & Citizenship (2006), which has been written for Level 6 of the Humanities Economics and Civics and Citizenship domains. Chapters 1-3 of this textbook, Money and You, The Smart Consumer, and Investing and You, focus on the development of financial literacy skills, a key area at Levels 5 and 6 of the Economics domain.