Visits to money museums offer young people a great opportunity to draw on the past – learn about the history of money – to understand the importance of saving for their futures. GMW is a brilliant platform to share with others how you engage children and youth in your community to learn about money.Please see Global Money Week Toolkit for Money Museums for more details here.
EXAMPLE CASE STUDY
Investory Investment Discovery Museum at the Stock Exchange of Thailand (SET) welcomed children in GMW2017
For GMW2016 the Stock Exchange of Thailand (SET) participated for the first time, preparing and carrying out activities at the Investory Investment Discovery Museum and the Maruey Knowledge & Resource Center. One of the activities included an interactive self-discovery museum called INVESTORY whose goal is to inspire children to learn about financial planning and investment, how to earn, save, spend, invest, and build awareness. The second activity organized by the SET in the Maruey Library called “Capital Market Living Library” was targeted to people from all backgrounds: investors, securities practitioners, and the general public. The overarching aim of the activity was to encourage all visitors to start saving, recommending some financial planning books, and building awareness of GMW.
EXAMPLE CASE STUDY
The British Museum’s Citi Money Gallery has organized great GMW activities to students in GMW2014, GMW2015, GMW2016 and GMW 2017
The British Museum’s Citi Money Gallery has planned many GMW events since 2014. Their team has involved more and more students to their GMW celebrations each year.
During GMW2016, young people were able to engage in the Citi Money Gallery exhibitions to explore the ways in which people have saved historically and whether this is the same as our saving strategies today. During the first launch event of the Money Gallery, 300 young people were familiarized with several economic concepts which may appear contemporary, but have actually been in use over the past 4000 years. Students were encouraged to challenge their knowledge through topics such as inflation throughout history, financial crises through the ages and historical savings strategies. Students were able to handle objects from the collection during the lunch break and visit the Citi Money Gallery. Following a talk by Professor Nigel Dodd, the day closed with a debate on the future of money and transactions.
During GMW2015 there was a talk in the Citi Money Gallery on ‘the development of money and the economy’ for 25 sixth form students studying economics and business. On the last day of GMW2015, 26 year 11 math students explored the links between mathematics and money. The activities ranged from a serious look at the budgeting strategies to fun activity event where they had to calculate how many £2 coins would fit into the Citi Money Gallery which was approximately 607,200,000. That’s a lot of £2 coins!
During GMW2014 The British Museum organized a number of financial education workshops for students and educators through their program for the British Museum’s Citi Money Gallery. Educators were provided with models and strategies to deliver empowering financial education, which has been a compulsory part of Mathematics and Citizenship in the revised secondary National Curriculum. The workshops introduced fresh approaches to financial education and were linked to the Museum’s large collection. Students enjoyed the opportunity to handle real items in the collection and explore the Citi Money Gallery at the British Museum. In addition, they discovered and learned about the development of money and its role in societies around the world.
EXAMPLE CASE STUDY
Mexico’s Interactive Museum of Economy (MIDE) in GMW2017
During GMW2016, partner organizations in Mexico were able to reach 26,000 children and youth in a series of educational activities in partnership with Museo MIDE. MIDE deployed a series of interactive and fun activities, where children performed 4 activities which helped them become aware of the responsible use of money:
2) Value Scale: the children made daily life decisions, analyzing a series of possibilities with different values, each one associated with each decision. The task became complicated when the children had to see that each decision taken balances with their ethic formation and financial decisions. This activity enhanced the children’s reflections on values related to financial decision present in daily life and the importance of keeping it in balance.
3) A Savings adventure: children and youth learned about savings and the road to their own goals and dreams.
4) Mint your own coin: children were able to create their own money.