Financial Literacy in Economics

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Financial Literacy in Economics

John Balong
I teach International Baccalaureate Economics Higher Level and Standard Level. There are, of course, plenty of connections between financial literacy and economics. But IB Economics is more of a college-level course that covers macroeconomics, microeconomics, international trade, and development economics. Financial Literacy is not part of the syllabus. However, we will have time in class after the externally-moderated exams in May, and since my students are seniors who will be leaving for college/university in the fall, a unit on financial literacy would be useful for them. They will all be dealing with college loans, budgeting their funds, and the temptation to apply for credit cards. I would love for them to leave high school with at least a minimal understanding of how these things work.