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Personal and Social Capability has an important role in developing consumer and financial literacy in young people, equipping them with the knowledge, understanding, skills and dispositions needed to engage in a range of consumer and financial situations. Personal and Social Capability contributes to the development of the dimensions of consumer and financial literacy as shown in the diagram below.
Approximate proportion of the dimensions addressed by Personal and Social Capability
The development of Personal and Social Capability is a foundation for active citizenship. Through developing an understanding of self and others, students understand their own consumer and financial attitudes and behaviours and appreciate those of others. They learn to identify the resources needed to set and achieve goals, to communicate effectively and to handle challenging situations constructively. They learn to apply informed decision-making in a range of real-world contexts and use criteria to evaluate the effects of individual and group decisions. These are important skills for responsible participation in real-world consumer and financial contexts. Personal and Social Capability also supports the development of enterprise skills such as leadership, working productively with others, planning and organising, adaptability and resilience. Dispositions that enable effective participation in consumer and financial contexts, such as feeling positive about themselves and others, persistence, confidence and self-discipline are also enhanced by this capability.
Moneysmart for teachers and Tax, Super and You provide a number of interdisciplinary units and interactive activities that include aspects of Personal and Social Capability.
Typically, by the end of Year 6, students:
Recognise emotions
explain how the appropriateness of emotional responses influences behaviour
Recognise personal-qualities-and-achievements
describe the influence that personal qualities and strengths have on their learning outcomes
Typically, by the end of Year 6, students:
Communicate effectively
identify and explain factors that influence effective communication in a variety of situations
Negotiate and resolve conflict
identify causes and effects of conflict, and practise different strategies to diffuse or resolve conflict situations
Typically, by the end of Year 6, students:
Work independently and show initiative
assess the value of working independently, and taking initiative to do so where appropriate
Become confident, resilient and adaptable
devise strategies and formulate plans to assist in the completion of challenging tasks and the maintenance of personal safety
Appreciate diverse perspective
explain how means of communication differ within and between communities and identify the role these play in helping or hindering understanding of others
Contribute to civil society
identify a community need or problem and consider ways to take action to address it
Work collaboratively
contribute to groups and teams, suggesting improvements in methods used for group investigations and projects
Make decisions
identify factors that influence decision making and consider the usefulness of these in making their own decisions
Develop leadership skills
initiate or help to organise group activities that address a common need