Inquiry-based learning is a student-centered approach that shifts the focus from traditional teacher-centered instruction to active exploration and discovery. By posing questions or problems, often related to real-world contexts or personal interests, students are encouraged to take ownership and control of their learning. Through inquiry-based learning, students will engage in research, analysis, and experimentation to gather information from a set of sources selected by them, this active learning style helps students develop critical thinking skills and find meaning in a way that is relevant to them. This approach empowers students to formulate their own research questions, evaluate the credibility and relevance of sources, analyze data, draw informed conclusions, and communicate their findings. By using an inquiry-based learning design, students will become independent, self-driven learners, capable of lifelong learning and fostering a sense of curiosity and intellectual engagement
Teaching personal finance with an inquiry-based learning approach offers numerous benefits and opportunities for students to develop a meaningful understanding of financial topics. Instead of passively receiving information, students are actively involved in the learning process by generating their own questions, conducting research, and analyzing data to build their knowledge. In an inquiry-based learning design focused on personal finance, students have the ability to explore questions that are relevant and interesting to them. They can delve into real-life financial scenarios or investigate topics related to their personal financial goals. By allowing students to pursue their own lines of inquiry, they can develop a sense of ownership and motivation in their education. Through their research, students can access a wide range of resources, such as financial websites, YouTube videos, articles, and finance books, to gather information and gain diverse perspectives. This multidimensional approach ensures that students receive a comprehensive understanding of personal finance and the skills necessary to make informed financial decisions. Furthermore, inquiry-based learning in personal finance recognizes the importance of financial literacy for all individuals. By allowing students to explore topics that are relevant to their lives, such as loans, investments, or budgeting, they will acquire practical knowledge that directly impacts their financial well-being. This approach ensures that students develop the skills needed to navigate the complex world of personal finance. Engaging in inquiry-based learning will not only enhance students’ understanding of personal finance but also cultivate critical thinking and effective communication skills. Students will learn to evaluate information and claims, analyze data, and present their findings in a coherent manner. These skills will be essential for making good financial decisions and communicating financial concepts to others.
References:
Carfora, J. M., & Blessinger, P. (2014). Inquiry-based learning for faculty and institutional development a conceptual and practical resource for educators. Emerald.
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