Infusing Financial Literacy in Primary Mathematics: A Proposed Framework for Instruction

Yeo, Joseph B. W.

doi:10.1007/978-981-10-0360-8_38

Cited by 6 publications

(6 citation statements)

References 3 publications

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“…Previously, Yeo (2016) researched the integration of financial literacy into mathematics education by creating a framework in the form of a task matrix that links financial literacy skills consisting of saving, managing, and sharing with general mathematical abilities consisting of content knowledge and strategic knowledge. However, our study complements previous research by concentrating on financial literacy with a particular emphasis on Islamic economics.…”

Section: Teachermentioning

confidence: 99%

“…Some studies (Sawatzki, 2017;Yeo, 2016) have emphasized the importance of including financial education into mathematics education. The OECD (2019) also shows similarities between financial literacy and mathematical literacy in the PISA framework, particularly in basic arithmetic content which requires students to apply their understanding to financial situations.…”

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Infusing Islamic financial literacy in mathematics education for Islamic school

et al. 2023

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Knowledge of financial literacy, including Islamic financial literacy which has been widely used in various financial products, intersects with several domain areas in mathematical concepts, especially in basic arithmetic which requires students to perform basic calculations before making the right financial decisions. This research aims to develop an instructional design of social arithmetic learning using Math-based Islamic Financial Literacy (MIFL) framework for Islamic schools. We develop a Hypothetical Learning Trajectory (HLT) for fostering students' numeracy and Islamic Financial Literacy (IFL) skills by using MIFL framework that involves various Islamic financial problems as context in mathematics tasks. We chose design research as the method for accomplishing our objective. However, we will discuss about task design and a portion of one of the three major phases of design research, namely pilot experiments. We involved three experts to provide suggestions to improve the tasks and six students from an Islamic junior high school participated in this study. We designed three stages of learning activities. Identifying of math-based Islamic financial information, analyzing math-based Islamic financial context, and applying math-based Islamic financial knowledge and understanding for completing the tasks are the three activities. Results indicate that HLT can indeed assist students in acquiring fundamental arithmetic abilities and advance their IFL. To improve the learning trajectory, we added several sub-sections of activities that bridged the understanding of mathematics and IFL.

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Section: Teachermentioning

confidence: 99%

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confidence: 99%

Infusing Islamic financial literacy in mathematics education for Islamic school

et al. 2023

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“…The accumulation of such knowledge applies in the pursuit of financial literacy in many individuals and communities. Several studies focus on applying such intervention-based strategies to improve financial literacy [6,16,24,29,43,52,62]. While most of the research follows a traditional approach in terms of improving financial cognitive abilities, only a few focus on youth [5,22,27,28,32,45,52].…”

Section: Literature Reviewmentioning

confidence: 99%

FinCraft: Immersive Personalised Persuasive Serious Games for Financial Literacy Among Young Decision-Makers

et al. 2020

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FinCraft is an open source gaming platform to enhance financial literacy. Research has shown a growing concern for financial literacy and financial decision-making across several age groups and interventionist programme methods. However, very few focused on the youth demographic specifically. Fewer, considered fun and sustainable means of financial literacy enhancement. In a day and age of instant gratification, people gravitate towards familiar and engaging content. In this paper, we posit starting financial literacy enhancement early -during the teenage years of individuals, so secure saving and spending habits can be adopted prior to adult years and responsibility. Through gamification, FinCraft aims to bridge the familiarity and engagement gap that makes financial literacy, an unexplored, significant part of growing up. We propose various conceptual and system artefacts at the intersection of serious games and learning analytics for financial literacy..

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“…Recommendations to include financial education in mathematics education have been emphasized by several researchers [1,2]. The relationship and linkage between mathematical concepts and financial literacy are also presented by the OECD [3] in the PISA assessment and analytical framework, namely the basic arithmetic content that requires students to apply knowledge in the context of everyday financial problems.…”

Section: Introductionmentioning

confidence: 99%

Islamic Financial Literacy in Mathematics Education: Proposed Design for Instruction

Kusumawati¹,

Fachrudin²,

Putri³

et al. 2022

Advances in Social Science, Education and Humanities Research

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This study aims to develop a social arithmetic learning design by integrating Islamic economic principles. Using various Islamic financial products as a context in mathematical tasks, we propose a hypothetical learning trajectory (HLT) to support the students' Islamic financial literacy (IFL) skills. We chose design research as the method to achieve the goal. However, we limit the discussion to a part of one phase, namely pilot experiments, of the three main phases of design research. This study involves six students at Islamic junior high school. The design consists of several activities that require students to solve mathematics-based Islamic financial literacy tasks. These tasks contain IFL knowledge, including money and shariah transaction, planning and managing finance using shariah product, risk, and reward of shariah finance product, and a landscape of shariah finance. We develop an instructional design by adapting the process domain of the OECD financial literacy by adjusting based on the principles of Islamic economics. In general, the stages of learning activities are identifying Islamic financial information, analyzing information in an Islamic financial context, and applying Islamic financial knowledge and understanding. At each of these stages, students are faced with problems that focus on each process domain. The results show that this design can bring out some fundamental mathematical capabilities and support the students' IFL. Furthermore, by infusing Islamic financial literacy in mathematics education, we get an opportunity to create a caring young generation on the development of Indonesian Islamic economics.

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Infusing Financial Literacy in Primary Mathematics: A Proposed Framework for Instruction

Cited by 6 publications

References 3 publications

Infusing Islamic financial literacy in mathematics education for Islamic school

Infusing Islamic financial literacy in mathematics education for Islamic school

FinCraft: Immersive Personalised Persuasive Serious Games for Financial Literacy Among Young Decision-Makers

Islamic Financial Literacy in Mathematics Education: Proposed Design for Instruction

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