Developing Young Entrepreneurs!
This morning I received a set of questions from my 9-year old granddaughter from Singapore, studying in Grade 3. She is interviewing her grandfather as part of her teaching assignment on the topic of 'Young Entrepreneurs'.
And they are expected to read extra books, research on the Internet, and watch a Netflix movie for this purpose. See what all things they learn in the process.
Their assignment is to make greeting cards, price their products, and buy / sell them using mock paper money. Their class has students from different nationalities. Each one has one's own currency. So they learn how to convert, say Korean money or Chinese money into Indian money.
They look up Google and learn about the 'exchange rates' for this purpose. They learn that the currency has a name (Won, Rupee), an abbreviated name (WON, INR), and a symbol (₩, ₹) to represent them, and that when they exchange different currencies, they have to use an 'exchange rate' (1.00 INR = 15.680403 WON).
Another thing they learn is how a currency is subdivided into smaller units having different names: 1 Won = 100 jeon and 1 Rupee = 100 paise.
They also learn about the need to be very precise while dealing with money as South Korean Won (KRW) is different from North Korean Won (KPW) and that the Rupee is a common currency name used in India, Sri Lanka, Nepal, Pakistan, etc.
Like this, when they deal with different currencies of other countries, in order to avoid multiple exchange rates, they realize the convenience of pricing their products in a common currency, which usually happens to be US Dollars.
It is just amazing what today's kids are being taught at such young ages, compared to our days! And they don't learn everything from an all-knowing teacher. Learning becomes an enjoyable group activity, as they learn also from their classmates, coming from different countries and different backgrounds.
The teacher from Australia also learns quite a few things from her students. There is some hope that we can expect this type of practical curriculum when the New Education Policy of India is being implemented.
See the questions I am presented with in the picture. This is what my granddaughter of 9 years is learning in grade 3 - about becoming young entrepreneurs!
And they are expected to read extra books, research on the Internet, and watch a Netflix movie for this purpose. See what all things they learn in the process.
Their assignment is to make greeting cards, price their products, and buy / sell them using mock paper money. Their class has students from different nationalities. Each one has one's own currency. So they learn how to convert, say Korean money or Chinese money into Indian money.
They look up Google and learn about the 'exchange rates' for this purpose. They learn that the currency has a name (Won, Rupee), an abbreviated name (WON, INR), and a symbol (₩, ₹) to represent them, and that when they exchange different currencies, they have to use an 'exchange rate' (1.00 INR = 15.680403 WON).
Another thing they learn is how a currency is subdivided into smaller units having different names: 1 Won = 100 jeon and 1 Rupee = 100 paise.
They also learn about the need to be very precise while dealing with money as South Korean Won (KRW) is different from North Korean Won (KPW) and that the Rupee is a common currency name used in India, Sri Lanka, Nepal, Pakistan, etc.
Like this, when they deal with different currencies of other countries, in order to avoid multiple exchange rates, they realize the convenience of pricing their products in a common currency, which usually happens to be US Dollars.
It is just amazing what today's kids are being taught at such young ages, compared to our days! And they don't learn everything from an all-knowing teacher. Learning becomes an enjoyable group activity, as they learn also from their classmates, coming from different countries and different backgrounds.
The teacher from Australia also learns quite a few things from her students. There is some hope that we can expect this type of practical curriculum when the New Education Policy of India is being implemented.
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