worldsciencechampionship

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.