Consumer and financial literacy: Critical and Creative thinking

Explore content

The Critical and Creative Thinking capability is key to the development of consumer and financial literacy. Responding to the ever-changing consumer and financial landscape requires young people to be creative, innovative, enterprising and adaptable, with the motivation, confidence and skills to use critical and creative thinking purposefully. The Critical and Creative Thinking capability contributes to the development of the following dimensions of consumer and financial literacy.

Approximate proportion of the dimensions addressed by Creative and Critical Thinking

Through this capability, students develop the critical thinking skills of analysing, evaluating and synthesising information. They learn to discriminate between fact and opinion, question the reliability of evidence and draw reasoned conclusions. These are important skills for students when making sound consumer and financial decisions. Critical and Creative Thinking also equips young people to be innovative and manage opportunities at work, in the community and in their personal lives. Dispositions that enable students to effectively participate in the complex consumer and financial landscape, such as inquisitiveness, reasonableness, intellectual flexibility, open- and fair-mindedness, a readiness to try new ways of doing things and consider alternatives, and persistence are also enhanced by Critical and Creative Thinking.

Moneysmart for teachers and Tax, Super and You provide a number of interdisciplinary units and interactive activities that include aspects of the Critical and Creative Thinking capability.


Please select the Year Levels to view the content
Please select the General Capability Levels to view the content

Typically, by the end of Year 2, students:

Identify and clarify information and ideas

identify and explore information and ideas from source materials

Organise and process information

organise information based on similar or relevant ideas from several sources

Apply logic and reasoning

identify reasoning used in choices or actions in specific situations

Typically, by the end of Year 2, students:

Pose questions

pose questions to identify and clarify issues, and compare information in their world

Imagine possibilities and connect ideas

build on what they know to create ideas and possibilities in ways that are new to them

Consider alternatives

identify and compare creative ideas to think broadly about a given situation or problem

Seek solutions and put ideas into action

investigate options and predict possible outcomes when putting ideas into action

Transfer knowledge into new contexts

use information from a previous experience to inform a new idea

Draw conclusions and design a course of action

identify alternative courses of action or possible conclusions when presented with new information

Evaluate procedures and outcomes

evaluate whether they have accomplished what they set out to achieve