Bank of Russia develops online financial literacy course for extracurricular activities in grades 3–6
The online course offers 68 lessons on a variety of financial topics with examples, tasks and tips.
The lessons are available in the catalogue of digital educational content. To start taking lessons, students need to select their region of residence and go to the Financial Literacy section.
Teachers will be able to use this course in full as part of an extracurricular programme or include certain topics into the World Around Us, Social Science, Maths, and other core school subjects.
Students can take the full course or go through selected lessons on their own. It is a highly interactive course with simple and clear examples. Moreover, parents can also use it to teach their children the basics of financial literacy.
The course is divided into thematic units: how to use money wisely, why every family needs a financial plan, how to save pocket money, etc. At the end of each unit, there is a review of the information learnt, related exercises and a summary lesson.
The topics and the way of presenting information become more complex as students grow older. The lessons for elementary school students include videos on financial topics and mini-games where children help game characters save up for their dreams. The lessons for older students put them in various life situations, for example, they may be asked to develop a sound financial plan for a family to build an emergency fund.
All lessons have been designed specifically for the course by teachers with extensive experience in financial literacy and their own insights on the topic. The course is in line with the school curriculum and educational standards.
‘The more high-quality educational materials of different formats, with games and videos, we develop for students of different ages, the higher are the chances of getting them interested in this important and serious topic and showing them that finance can be fun and helpful in developing useful skills and succeeding in life,’ noted Mikhail Mamuta, Head of the Service for Consumer Protection and Financial Inclusion of the Bank of Russia.