SYLLABUS FOR GRADE 5
1. Evolution of Money:
- History of money (barter system to digital payments).
- Overview of currency notes and coins used globally.
- Understanding the importance of money in an economy.
2. Advanced Banking Concepts:
- Types of bank accounts (savings, current, and fixed deposits).
- How banks work (deposits, loans, and interest).
- Introduction to online banking (safety tips for online transactions).
3. Commerce and Trade Basics:
- Understanding trade (local, national, and international).
- Introduction to supply and demand (how goods and services are priced).
- Importance of transportation in commerce (how goods reach consumers).
- E-commerce basics (buying and selling online).
4. Financial Literacy Skills:
- Budgeting: Planning income and expenses.
- Saving: Importance of saving money for short-term and long-term goals.
- Spending: How to make smart spending decisions.
- Investing: Simple introduction to investments (e.g., saving in banks).
5. Introduction to Taxes:
- Basic understanding of taxes (why governments collect taxes).
- Examples of how tax money is used (roads, schools, hospitals).
6. Financial Safety and Ethics:
- Avoiding financial scams (what to do if faced with suspicious situations).
- Importance of honesty in financial dealings.