Economic literacy and financial literacy
Defining what is meant by economic literacy is not straightforward and it has been the subject of debate over many decades. New research by
the RBA and their Bulletin article explores the meaning of ‘economic literacy’.
Economic and financial literacy are clearly distinguished by the RBA research.
This is important information required by teachers of the Australian Curriculum Economics and
Business Years 5-10.
The curriculum, both versions 8.4 and 9.0 refer to core ideas of economics and financial literacy, so it is critical that teachers
appreciate the difference of economic and financial literacy for their teaching programs.
The recording is available to all members and non members of QETA.