Citizenship
Understanding finance is a crucial part of taking an active role in society
Citizenship helps young people make sense of the world today and equips them for the future challenges facing communities. The National Curriculum programmes of study for citizenship require young people to learn the relationship between their own finances and financial decisions and those of local and national government.
By the age of 16 students should have studied the economy in relation to citizenship, including decisions about the collection and allocation of public money as well as the rights and responsibilities of consumers.
Topics such as wage slips, how taxes are collected and used and pros and cons of buying fair trade products are all areas teachers can draw on to make sense of money in the classroom. pfeg’s consultancy, support and resources through the Learning Money Matters initative can help with this.
Key Stage 3
At Key Stage 3 students learn “how economic decisions are made, including where public money comes from and who decides how it is spent” (Citizenship Range and content 3h).
Key Stage 4
At Key Stage 4 this is further developed through exploration of “the economy in relation to citizenship, including decisions about the collection and allocation of public money” (Citizenship Range and Content 3j). As they learn to play an active role in school, local, national and global communities, young people consider the financial implications of their own and others' decisions.
