FL 7 and 8 OVERVIEW ADOBE PRESENTER

OVERVIEW Financial Literacy OVERVIEW Financial Literacy Financial Literacy Education in Ontario Schools Grades 7/8

Welcome to a brief overview of the Financial Literacy resources developed for Grades <7/8> math students.

Overview Overview Financial Literacy and Mathematics Classroom LessonsProfessional Learning

The Ministry of education together with OAME supported the development of materials to improve Ontario students’ Financial Literacy Skills for use in grades 7/8 and 9/10 math classrooms. These materials include fully developed 3 part lesson plans, Black Line Masters and technology related resources. Related Professional Learning materials have been developed to support the implementation of these resources.

Classroom Lessons Classroom Lessons Four lesson unit for grades 7 &8Social justice focusedIntegrates technologyTeaches and reinforces math skills and conceptsCan be used as a Culminating Task

A four lesson unit engages grade 7 and 8 students in a topic of considerable importance to intermediate-age students – that of social justice. The lessons can integrate technology as students gather data and use the data to createspreadsheets. This set of lessons can be used to teach and reinforce specific skills and concepts identified in the learning expectations of the grade 7 and 8 mathematics curriculum. Alternatively, it can be used as a Culminating Task for students after completing a unit on data or graphing or proportional reasoning .

Classroom Lessons Grades 7 & 8 Lesson TitlesMathematics expectationGrade 7Grade 8LESSON 1Choosing a CharityCircle graphsNewRevisit LESSON 2BudgetingReading circle graphs; what is a budget;percents; using a spreadsheetNewRevisit(Spreadsheets may be new)LESSON 3Planning and Costing Creating a budget for a fundraiser – expenses and incomeNew New LESSON 4Representing Income and ExpensesGraphing to analyse income and expenses; representing relations algebraicallyNewNewtinyurl.com/finlit7and8 Classroom Lessons Grades 7 & 8

The 4 lesson titles can be seen down the left side of this chart and related mathematics expectations beside them. The lessons can be used with students in grades 7 or 8 or in combined grade 7 / 8 classrooms. The URL provided can be typed into your browser for easy access to these materials.

Classroom Lesson 1 Classroom Lesson 1 build consumer awareness by analyzing dollars spent by charities on expenditures consider social, ethical and environmental implications of financial decisionsreflect on their role as active citizensconnect a small community-based project to an understanding of economy

During lesson 1, “Choosing a Charity”, students search the Canada Revenue Agency website to investigate the spending of various charities and select one to explore further. Using financial information, students create circle graphs to represent the charity’s spending and consider social and ethical implications about supporting that charity. There are 5 sample sets of data from the CRA site for students who do not have access to the internet.

Classroom Lesson 2 Classroom Lesson 2 practise financial planning dealing with expenditures, income, and profits consider social, ethical and environmental implications of financial decisionsreflect on their role in active citizenshipconnect a small community-based project to the economy

Lesson 2, entitled, “Budgeting”, has students reading and making circle graphs, flexibly representing the data using decimals, percents, and degrees. As they examine income and expense guidelines for a fundraising event, they create budgets and simulate the role of active citizenship in their community.

Classroom Lesson 3 Classroom Lesson 3 engage in financial planning (e.g., budgeting, potential income, expected expenses)reflect on social implications of active citizenship (e.g., raising money for charities)

Lesson 3, “Budgets on Spreadsheets for Fundraisers”, engages students in recording on spreadsheets the income and anticipated expenses for a fundraiser. There are electronic EXCEL templates for student use where titles are set up but no formulas or data is included. We reference EXCEL in the document and include URL suggestions for online tutorials on how to create circle graphs (lesson 2) and how to enter formulas (lesson 3). The completed spreadsheets (in paper form) are for teacher use.

Classroom Lesson 4 Classroom Lesson 4 use mathematical strategies and tools of financial planning to synthesize and analyze charity fundraising eventsrepresent financial data graphically and adapt decisions to change profit margins

Lesson 4 is entitled, “Graphing and Analysing Proposals”. Students represent income and expense data as linear graphs with or without technology. The graphical representations prompt students to reason and reflect on the decisions they have made as they pose“what if” questions about the relationships and adapt income and expense values to increase profit.

Professional Learning 5 Activities 3 PowerPoint Presentations Activities 3, 4, and 5 BlacklinemastersFacilitator’s Guide including a MATCH template for each activity tinyurl.com/finlit7and8 Professional Learning

Principals and math leaders may wish to provide professional learning experiences for teachers to enhance their understanding of financial literacy and help teachers plan to maximize the value of these mathematics lessons. Included are 5 activities, 3 PowerPoint presentations, Blackline masters, and Facilitator notes. The URL provided can be typed into your browser for easy access to these materials.

Activities for Teachers Professional Learning ContentActivity 1What is Financial Literacy?Activity 2Frayer Model of Financial LiteracyActivity 3 with PPTInvestigation of Issues and Where they “Fit” into the Grades 7/8 CurriculumActivity 4 with PPTThe Story Behind These Lessons and the Financial Literacy CompetitionActivity 5 with PPTThe 3-part Lesson and Processing the Processestinyurl.com/finlit7and8 Activities for Teachers

The first two presentations in the Professional Learning package, provide background information from the Financial Literacy Expert Panel identifying the need for financial literacy education. The third presentation gives details on how the lessons may fit into the grades 7/8 curricula from a variety of disciplines including Media Literacy, The Arts, Language, and Geography. Presentation 4 tells a story about what motivated a grade 8 class in Scarborough to complete these lessons and enter an annual contest from the Investor Education Fund (IEF). The top-performing group from the class won $300 that was forwarded to their chosen charity. Presentation 5 reviews the components of 3-part problem solving lessons and shows how these materials satisfy those criteria. The url provided can be typed into your browser for easy access to these materials.

Thank You Thank You We hope that you find the materials that have been provided for you by OAME will assist you in meeting financial literacy expectations in your mathematics programs. tinyurl.com/finlit7and8

Thank you for your attention to this overview of the financial literacy resources available from the OAME and EduGains Financial Literacy Gains) websites. We hope that you find the materials that have been provided for you by OAME will assist you in meeting financial literacy expectations in your mathematics programs.