national strategy for financial literacy and general curriculum
DESCRIPTION
Presentation "NATIONAL STRATEGY FOR FINANCIAL LITERACY AND GENERAL CURRICULUM"(2014)TRANSCRIPT
NATIONAL STRATEGY FOR FINANCIAL LITERACY AND GENERAL CURRICULUMIeva UplejaFCMC of the Republic of LatviaSkopje, Macedonia; 02.10.2014
STAGE 1: UNOFFICIAL ENHANCEMENT
TASKS:
•Guide public opinion (PR)
•Support and training for teachers
•Develop cooperation
•Establish partnership (local and international – CYFI, OECD, Estonian FSA)
2
67% of teachers agree: students
receive insufficient knowledge in
personal financing
47% of youth believe -
curriculum does not adequately cover financial
issuesBUT only 44%
study economics
and finances at school
(2011)
STAGE 2: OFFICIAL ENHANCEMENT
•On 24.02.2014, strategic partners signed the memorandum on the implementation of the NATIONAL STRATEGY FOR FINANCIAL LITERACY IN LATVIA 2014–2020
OBJECTIVE 1: Habits of planning and savings
3
FCMC (as a national coordinator)
Bank of Latvia,CRPC,
MoEdS, NCE,School of Business
and Finance, LU, RTU, LAA etc.
AB 1: Curriculum enhancement to provide for building up and developing financial literacy at every stage of public education
CURRICULUM (the issues of
financial literacy are integrated in
different subjects)
OECD PISA 2012 RESULTS
4
BelgiumEstonia
AustraliaNew Zealand
Czech RepublicPoland
Latvia 501_OECD average 500USA, Russia, France
15% of students in
Latvia perform at highest
level (average OECD
– 21%)
only 7% of students
perform at lowest level
(average OECD – 15%)CONCLUSION:“Latvia has built an
educational system which provides
equal opportunities for all students from families with a different socio-economic status to achieve a good
level of financial literacy .”
MAIN ACTIVITIES OF PARTNERS
•Educational websites: www.klientuskola.lv and www.naudasskola.lv
•Methodology and teaching materials
•Seminars and workshops for teachers
GMW + FINANCIAL EDUCATION WEEKS 2013/2014
5
CURRENT SITUATION
6
77% of students study economics and finances -
2013 (some of them make use the option to test the
level of their knowledge by taking exam)
Results of PISA 2012 and the first National Survey
of Latvian Residents
INDEX of Financial Literacy
(annually will be provided by FCMC)
