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International Handbook of Financial Literacy pp 499–513Cite as

Approaches to Teaching Financial Literacy: Evidence-Based Practices in Singapore Schools

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Abstract

As financial literacy is quickly becoming one of the most important twenty-first century skills, educators worldwide are striving to develop and implement financial literacy programmes that are targeted at different age groups and education levels. This chapter gives an overview of the Financial Literacy Hub for Teachers that was established in the National Institute of Singapore in 2007 and has become an incubator of innovative financial literacy programmes that have been introduced and effectively implemented at all levels, from preschools to tertiary institutions. The chapter outlines evidence-driven approaches to curriculum development and programme implementation that have been informed by the latest research findings in the field of financial literacy education. The Hub’s approach that emphasizes partnerships with educational institutions, development of scalable programmes through gamification and ICT-enabled learning can serve as a model for financial literacy education worldwide.

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Acknowledgements

The study reported in this chapter was supported by funding from the Citi Foundation.

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Authors and Affiliations

  1. National Institute of Education, Nanyang Technological University, 1 Nanyang Walk, 637616, Singapore, Singapore

    Noi Keng Koh

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  1. Noi Keng Koh
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Correspondence to Noi Keng Koh .

Editor information

Editors and Affiliations

  1. Friedrich Schiller University Jena , Jena, Germany

    Carmela Aprea

  2. Goethe Universität Frankfurt, Frankfurt, Germany

    Eveline Wuttke

  3. Johannes Gutenberg Unversity Mainz, Mainz, Germany

    Klaus Breuer

  4. National Institute of Education Nanyang Technological University, Singapore, Singapore

    Noi Keng Koh

  5. University of Birmingham, Birmingham, United Kingdom

    Peter Davies

  6. Vienna University of Economics and Business, Vienna, Wien, Austria

    Bettina Greimel-Fuhrmann

  7. California State University, East Bay, Long Beach, California, USA

    Jane S. Lopus

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© 2016 Springer Science+Business Media Singapore

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Koh, N.K. (2016). Approaches to Teaching Financial Literacy: Evidence-Based Practices in Singapore Schools. In: Aprea, C., et al. International Handbook of Financial Literacy. Springer, Singapore. https://doi.org/10.1007/978-981-10-0360-8_32

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  • DOI: https://doi.org/10.1007/978-981-10-0360-8_32

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-10-0358-5

  • Online ISBN: 978-981-10-0360-8

  • eBook Packages: Social SciencesSocial Sciences (R0)

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