Here we will keep a record of our learning towards developing our Financial Capabilities.
Financial Capability Progressions.
Here are the progressions from level 1 (year 1-2) to level 8 (end of high school). We will be focusing on LEVEL 3 and some LEVEL 4.
1. How was money invented?
Covers the history of money including before money was invented. Bartering, the use of shells in China, coins as currency and then paper notes. Also what we use now and the future.
2. The invention of money and currency
Bartering, trading and the problems with this. The use of a precious resource that has a value - gold, and the use of IOUs and places to store this wealth.
3. The essence of money
Good explanation of how people used to trade goods and services, the problem with using coins (because many people kept them and didn't use them to trade goods and services), and the invention of promissory notes - pieces of paper that had a value that you could use to buy other goods and services - the basis of modern money.
The essential purpose of money - guarantee the existence of enough purchasing power to purchase all goods and services in demand.
4. The problems of the barter system and the evolution of money
Goes into detail about the problems of the bartering system in history and the conditions that saw the introduction of money - firstly coins, then notes.
NEW ZEALAND CURRENCY
1. The new currency - due to be out in late 2015 . early 2016
2. Brighter Money.co.nz - website that explains the new currency
Reserve Bank of NZ thanks Harry!
MONEY, MONEY, MONEY
Workshop with Mr F: Interest and inflation
Interest rates for children's accounts
Basic explanation of interest
The tale of the TT2
What is inflation? Video 1
What is inflation? Video 2