Economic literacy in Yrs 7-10 

The Reserve Bank of Australia's view of Economic literacy - a recording 

One of the core objectives of the Reserve Bank’s public education program is to improve economic literacy. While the social benefits of economic literacy are well established, defining what is meant by this term is not straightforward and has been the subject of debate over many decades. 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.

This is because economics is not all about money: actually, finance is about money!