The Financial Education department of the BCRA and the Office of Learning Design (Office of the Secretary of Educational Innovation and Quality, Argentine Ministry of Education) produced a series of teaching materials entitled “Financial Skills for Life” under the 2016-2021 National Strategic Plan: Argentina Teaches and Learns. This plan was developed in conjunction with the Argentine Ministry of Education—within the framework of an agreement signed in 2017—to include financial education in primary and secondary schools across the country.
The teaching materials for secondary schools seek to develop students’ skills to interact with the financial system, focusing on the development of their abilities.
The first resource of the series called “Project Financing: Graduation Trip” is divided into five conceptual “routes” and focuses on that trip, which arouses a great deal of expectation among students.
In every route, students are guided so that they are able to:
Moreover, students are encouraged to figure out how to finance their project, to prepare their budget and to push forward an idea for fundraising.
Within this framework, we have conducted pilot tests since 2017 to assess the effectiveness of our resources and continuously enhance the methodology we implement.
First Pilot Test | September - October 2017
This pilot test was conducted in cooperation with the Argentine Ministry of Education, the Ministry of Education for the Province of Córdoba and Banco de Córdoba. This test consisted in a face-to-face training session and online follow-up of teachers to ensure that they were using “Project Financing: Graduation Trip” properly. Teachers' training was divided in two modules:
The flexible nature of “Project Financing: Graduation Trip” enabled teachers to make adjustments depending on the institutional culture, and the characteristics of each group of students, and of the community in which the school was located, among other factors.
Sharing the results was extremely valuable as teachers had the chance to talk about their experiences in class. There follows a list of the results reached:
Second Pilot Test | May - October 2018
This pilot test was conducted in conjunction with the government of the Province of Neuquén, Banco Provincia del Neuquén, the Ministry of Education and the Education Council for the province—within the framework of a Master Agreement for Cooperation and Collaboration on Financial Education and Inclusion signed with that government and Banco Provincia del Neuquén.
This test aimed to evaluate the results of “Project Financing: Graduation Trip” in 18 secondary schools selected by the Ministry of Education and the Education Council for the Province of Neuquén.
The pilot test was run along the following lines of work:
1. Face-to-face training and online follow-up of teachers provided by the BCRA
Training sessions were provided to groups of 5 teachers of different subjects (Economics, Social Sciences, Computing, Ethics and Citizenship, to mention a few), along with a volunteer from Banco de Neuquén.
2. Using the resource in the classroom
Every team adjusted the resource to the dynamics of their school, the students’ interests, needs, and social standard of living. Students were expected to share their knowledge with the community upon project completion.
The schools decided to:
3. Recording the implementation of the resource
Each team plans, develops and assesses the implementation process, recording at the same time what happens in the classroom in different formats.
4. Disclosing the results at the end of the school year
A two-day session is planned, where multidisciplinary teams present, analyze and draw conclusions about the activity in the classroom.
5. Assessing results
In order to evaluate students' financial skills, they were surveyed before and after using the resource.