Schools are being encouraged to sign up for the new Financial Literacy in Practice Challenge.
The challenge is open to all Victorian students as a part of the Mathematical Association of Victoria’s annual Maths Talent Quest, where students re challenged to make every day financial decisions and situations from risky to rewarding.
Monbulk MP and Deputy Premier James Merlino said the FLIP challenge will bring a practical, real-world focus to financial literacy education in the classroom.
“I’m encouraging every school and student to get involved in the FLIP challenge, growing their financial literacy skills and learning about the real-life impact of economics in our world,” he said.
“Financial literacy education isn’t just about money and how to get rich quick, it’s about teaching students how to make great economic decisions for life, as well as key life skills like tax, superannuation and the role of the markets and innovation.”
Students can enter as individuals, groups or classes and select their own topic based on personal interests, such as buying a pet, planning a holiday, setting up a small business, the cost of climate change, block chain technologies or comparing electric and combustion engine vehicles.
Throughout their investigation, students are encouraged to ask big questions, test hypotheses, analyse data and justify their results. The investigations will be judged by the Mathematical Association of Victoria, with the best across each category entering into the National Maths Talent Quest.
