Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling...
Transcript of Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling...
![Page 1: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/1.jpg)
1
Enterprise and Financial Literacy
Education Strategy
Neil Mackay
![Page 2: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/2.jpg)
Why?
The compelling case….
2
The OECD Director of Education and Skills, Andreas Schleicher, spoke at the World Education Forum and highlighted the capabilities young people need to flourish in a complex world.
![Page 3: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/3.jpg)
3
He called on schools to focus on the development of capabilities such as
• Entrepreneurship
• Creative Thinking
• Problem Solving
• Communication
![Page 4: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/4.jpg)
Foundation of Young Australians (fya.org.au)
4
The New Work Order Report: ensuring young Australians have the skills and experience for the jobs of the future, not the past.
On average it takes young people 4.7 years from leaving full time education to entering full time work.
30% of young people aged 15-24 are unemployed or under employed
Up to 70% of young people’s entry level jobs are at risk of automation
30% of 15 year olds are not financially proficient
![Page 5: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/5.jpg)
FYA Report
5
“The Foundation for Young Australians is calling for a national strategy to ensure young people are digitally literate, financially savvy, innovative and adaptable and can navigate the increasing complex careers of the future.”
“Enterprise skills are transferable. They have been found to be as powerful predictor of long term job success as technical knowledge.”
![Page 6: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/6.jpg)
Philip Lowe – Reserve Bank of Australia 2014
6
“This generation of young people will (need to) PROMOTE INNOVATION and ENTREPRENEURIALISM and grow our economy to maintain our standard of living.”
![Page 7: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/7.jpg)
Financial Literacy Australia
Key Goal – build teacher
capability and confidence to effectively teach FLT and
entrepreneurship 7
![Page 8: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/8.jpg)
Financial Literacy
Foundation Advisory Board
8
Establishing good, basic money habits early in life is the key
![Page 9: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/9.jpg)
9
ASIC 2015 – Australian Financial
Attitudes To Behaviour Tracker • Amongst those who lived with their children, 18% openly
discussed finance with their children
• 31% of those surveyed reported they had not heard of the investing principle ‘diversification’
• 21% had heard it but didn’t understand it
![Page 10: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/10.jpg)
10
Startup Apprentice
• “It is essential that we encourage kids, parents and teachers to consider the possibility of business creation as a career path rather than the current expectation that kids will get a good education in order to get a good job.”
• Australia has 8.7% of 18-24 year olds involved in setting up or owning a new business compared to the USA’s 13.5%
![Page 11: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/11.jpg)
11
Startup Apprentice
• “It is essential that we encourage kids, parents and teachers to consider the possibility of business creation as a career path rather than the current expectation that kids will get a good education in order to get a good job.”
• Australia has 8.7% of 18-24 year olds involved in setting up or owning a new business compared to the USA’s 13.5%
![Page 12: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/12.jpg)
12
TED TALK
Educating Young Entrepreneurs (Cameron Herold)
https://youtu.be/nx3GuO41Jyg
![Page 13: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/13.jpg)
13
![Page 14: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/14.jpg)
14
Palm Beach Currumbin SHS Profile
![Page 15: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/15.jpg)
15
Palm Beach Currumbin SHS Profile
• Situated on the southern end of Gold Coast
• Yr 7 – 12 Independent Public School
• 2450 students on campus with an enrolment zone
• Excellence programs include Sports (12), Academia and Performing Arts
• ICSEA Index of 1021 (middle class)
![Page 16: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/16.jpg)
16
HOW? The Process
• The Learning Pyramid as our Framework
![Page 17: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/17.jpg)
17
![Page 18: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/18.jpg)
18
HOW?
• Sequenced and Holistic
• Mapped Current practices and researched new opportunities
• Curriculum Extension (in class)
• Curriculum Enrichment (extra curricula)
• Identified stakeholder partnerships
![Page 19: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/19.jpg)
19
Sequenced Approach
Please refer to handout….
Our aim is to provide opportunities at each year level for students to participate in an enterprise based activity that gradually provides more complex real life scenarios
![Page 20: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/20.jpg)
20
Holistic Approach - We had the usual business and
money management approach where you cover units such as business plans, marketing, budgets and consumer issues.
![Page 21: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/21.jpg)
21
We Added: Wealth creation units and an Entrepreneurial focus
Senior – OP, SAS and VET with early entry Uni programs and Diploma options
![Page 22: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/22.jpg)
22
Curriculum Extension – “The Highlights”
- explicit linking of assessment items to existing competitions and programs (PYOE, ASX game, $20 Boss, BuySmart)
- thewealthacademy.com.au
![Page 23: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/23.jpg)
23
![Page 24: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/24.jpg)
24
Curriculum Extension
• Start Smart (Smart saving / investing and enterprise) workshops
• ASIC’s “teens talk money” unit linked to Queensland government’s Buy Smart competition
![Page 25: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/25.jpg)
25
![Page 26: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/26.jpg)
26
Curriculum Extension
Startup Apprentice
Entrepreneurial Education
Program startupapprentice.com.au
![Page 27: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/27.jpg)
27
Startup Apprentice Program Structure
![Page 28: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/28.jpg)
28
Startup Apprentice
![Page 29: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/29.jpg)
29
Curriculum Extension
![Page 30: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/30.jpg)
30
Curriculum Extension
![Page 31: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/31.jpg)
31
Curriculum Enrichment • ABW 5 day program
• Ecoman 3 day workshop
• CPA – Plan your own Enterprise competition supported by mentoring program using “Start Up Creative”
![Page 32: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/32.jpg)
32
Sustainability • Advance Queensland Young
Starters Grant $20,000
• PBC Business Alliance
![Page 33: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/33.jpg)
33
PBC Business Alliance
Model • Business Alumni
• Business Friends
• Business Partners
Sponsorships / Mentors / Guest speakers / Trainee apprenticeships
![Page 34: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/34.jpg)
34
![Page 35: Enterprise and Financial Literacy Education Strategy Neil ... · Neil Mackay . Why? The compelling case…. 2 The OECD Director of Education and Skills, Andreas Schleicher, spoke](https://reader031.fdocuments.in/reader031/viewer/2022022703/5bc69c2209d3f218038c4ae7/html5/thumbnails/35.jpg)
35
Don’t Forget.. CommBank Foundation teaching awards
Financial Literacy Australia grants and awards
Global enterprise challenge
ASIC’s Money Smart school
www.lemonadestand.rocks