ADDITIONAL ACTIVITIES: FINANCIAL LITERACY IN THE NEWSPAPER

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Grace Fletcher
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1 ADDITIONAL ACTIVITIES: FINANCIAL LITERACY IN THE NEWSPAPER

2 Published by News Limited, 2009 Content written by Jan Kiernan Fair copying of this publication is permitted for the purposes of teaching, review or research Inquiries: Damian Bester Education Services Manager The Mercury GPO Box 334 Hobart TAS 7001 Phone: Fax: Design and layout by Lewis Mathieson of digital flourish Type set in 12pt Gentium.

3 Finance information and marketing in the newspaper Ideas for getting started Newspaper scan: money, finance, marketing Ask each student to look through a copy of the newspaper to find and cut out something that involves money or finance in some way. Ask the class to suggest how they could categorise the cuttings e.g. advertisements for food, travel, stock market, motor vehicles, clothing, finance for home loans etc. When they have decided on the categories have the students sort their cuttings into the categories. Ask them to present their information as a frequency graph and/or mind map. Common language and terms Have the students read through the cuttings they have gathered and make a list of common language and terms used e.g. 10% off, bargain Creating a travel brochure Ask students to locate examples of features and advertisements on travel in the newspaper and use the examples they have found to create a travel brochure for a particular location including information about cost, transport, accommodation, what to see etc. Developing vox pops Ask students to work in groups to select and article or advertisement for a popular product and then interview classmates about their views on this product and its value for money.

Share Market News Newspapers include information on the Share Market to assist investors. Shares in some companies go up and down regularly, others stay about the same.

4 Share Market News Newspapers include information on the Share Market to assist investors. Shares in some companies go up and down regularly, others stay about the same. Let s pick a few that you might be interested in and then you choose some of your own e.g. a bank, a mining company Start on a Monday. Billabong Cochlear (Bionic ear) Colorado Qantas Airways Virgin Blue Price on Monday Move on Tuesday Move on Wednesday Move on Thursday Close on Friday Gain or loss for the week Watch out for negative numbers when the shares go down! The third column lists the highest cost of the shares for the year and the fourth column the lowest price for the year. What are the highest and lowest cost of the shares you have looked at? Billabong Cochlear (Bionic ear) Colorado Qantas Airways Virgin Blue Year High Year Low

5 Currency Exchange Rates Newspapers include information currency exchange rates to assist investors and travellers. Check the Australian dollar against these five other currencies each day. Australian dollar vs Monday Tuesday Wednesday Thursday Friday $ United States (dollar) Japan (yen) European Union (euro) $ New Zealand (dollar) United Kingdom (pound) Use the Universal Currency Converter Find out what our dollar is worth in these countries and what their currency is called. Check to see if your newspaper prints details of these countries too. The first one is done for you. One Australian dollar (AU$1.00 ) equals: Country Currency AU$1.00= Canada dollar Fiji Thailand Switzerland South Africa Chile Mexico South Korea Japan India Indonesia Country Currency AU$1.00= Singapore Brazil Philippines Egypt Bangladesh Denmark Iceland Malaysia Pakistan Russia Vietnam

6 Display Advertisements Newspapers rely on display advertisements to help cover their production costs. Collect examples of display advertisements that depict products or services for sale. For example motor vehicles, travel, groceries, home loans etc. Create your own display advertisement using cuttings from the newspaper.

7 Buying groceries Make a shopping list of products to buy from those advertised as specials in the newspaper. Where the same product has been advertised from different outlets, compare the price. Product Price from outlet 1 Price from outlet 2 Price from outlet 3 TOTAL:

8 Travel advertisements and costs Using travel advertisements published in the newspaper, select a holiday destination. Option one Company: Cost: What s included: Option two Company: Cost: What s included: Option three Company: Cost: What s included: Option selected Company: Why did you select this option? Cost: What s included:

Motor vehicle advertisements and costs Imagine you have two options when buying your first car. You can buy a new car up to $45,000 or a used car up to $22,500.

9 Motor vehicle advertisements and costs Imagine you have two options when buying your first car. You can buy a new car up to $45,000 or a used car up to $22,500. Find suitable advertisements in the paper. Cut them out and place them in the boxes below. Give reasons why you might purchase the more expensive car and reasons why you might purchase the less expensive car. New car under $45,000 Reasons to buy stick advertisments here... Used car under $22,5000 Reasons to buy stick advertisments here... Decision Why?

10 Let s make breakfast Draw what you like for breakfast and find out how much each food costs.

11 I can bake a cake To bake my cake I need ingredients. Make a shopping list and find out how much each ingredient costs.

12 Buying a birthday present You have been invited to a birthday party and you have $20 to spend. What will you buy? Look at the newspaper or catalogues to select a presents. Select three different presents.? What will you choose and why?

13 Draw your own shopping centre Imagine t here are six shops in your local shopping centre. Draw a product in the window of each shop and put a price tag on each. BUTCHER NEWSAGENT CHEMIST clothes shop SUPERMARKET shoe shop

14 My Catalogue Make your own catalogue. Cut out pictures of products from the newspaper or catalogues and make your own catalogue with price tags attached. Show different things on each page. For example one page for clothes, one for toys, one for shoes etc. Make up a name for each shop.

15 Design Your Own Coins Australian coins What is on the coin? My coins What is on your coin? Make some coins out of play dough and cover them with foil and draw designs on them.

16 Catching The Bus Draw a picture of your local bus in the box below. If it cost $1.00 a day to go each way on the bus to school, how much would it cost you for the week? Monday Tuesday Wednesday Thursday Friday To school From school Total:

17 Draw pictures of the different activities and find out how much it costs for you to go. How Much Does It Cost? To the football To the movies To the museum

18 ! Earning Pocket Money Use this mind map to draw pictures of how you might be able to earn pocket money. For example, cleaning your room.

19 My Money Box To save $10.00 i would need: Draw a picture of your money box and work out how many coins you would need to save to save $ My money box

20 Buying New Clothes! You have been to town to buy new clothes. How much will they cost? Draw pictures of your new clothes and add up how much it will cost. Your JEANS cost $60.00 Your T-SHIRT cost $40.00 Your JACKET cost $80.00 Jeans Your BELT cost $20.00 Your SHOES cost $ Your SOCKS cost $5.00 How much all together? Jacket T-Shirt Shoes Socks Belt

21 Buying a Pet Draw a picture of your new imaginary pet. Draw items your new pet will need. For example somewhere to sleep, food, playthings. Find out how much these items might cost.

22 What change will you get? You have You buy What change will you get? 4 pencils that cost 10 cents each 3 Textas that cost 5 cents each 4 erasers that cost 20 cents each

23 What change will you get? You have You buy What change will you get? 3 pens that cost 50 cents each 5 tubes of paint that cost 1 dollar each 5 paint brushes that coost 5 cents each

24 Going on an Excursion Pretend you are going on an excursion to the zoo. How much will it cost? draw the bus The bus will cost draw something from the zoo It will cost to get into the zoo? How much will the excursion cost? and for lunch

25 ? How much? + = + = + = + = = = = =

70 minutes. Canadian and World Studies, Grade 11 and 12 (2005) Travel and Tourism (CGG30)

70 minutes. Canadian and World Studies, Grade 11 and 12 (2005) Travel and Tourism (CGG30) GRADE 11/12 In this lesson, students identify the factors that affect foreign exchange rates and learn how to optimize their personal buying power when exchanging money for travel. Subject Suggested Timing