Financial Literacy : Appreciation and Depreciation

Instructional Tools & Strategies

Students should be encouraged to select a variety of tools and strategies to represent and compare their mathematical ideas, as well as to discuss and debate divergent viewpoints. Technology is used to quickly compare a large amount of data, helping us make informed financial decisions. The tools and strategies proposed to students, especially in relation to financial literacy, help them draw thoughtful conclusions in a variety of financial situations.

Context	Technology Tools	Strategies
Financial situation involving appreciation or depreciation over time	Electronic spreadsheet Graphic calculator software or website Coding	Analyze situations by representing them using a graph, a table of values, or an equation. Estimate potential appreciation or depreciation over time.
Impact of loan or investment parameters	Online financial calculator Electronic spreadsheet Interest rate calculator	Create a comparative table showing the impact of different elements (interest rates, borrowing times, payment frequencies, and down payment amounts) on: interest and loan payments, interest and the total amount of an investment.
Budgets	Electronic spreadsheet Budgeting software or website	Use formulas in an electronic spreadsheet to adjust budgets following a variety of events.

Reflection

How can technology help students better understand financial literacy concepts?
How can pedagogical practices be adapted to ensure the inclusion of all students in financial literacy education, considering their diverse contexts and life experiences?
How can technology enrich student understanding of how changing variables will impact various financial situations?