Experiential learning is an educational philosophy inspired by John Dewey. He believed that knowledge is best acquired through hands-on activities and a reflection of those experiences. Today, the ideology of “learning by doing” is widely embraced as it allows students to be actively involved in the learning process. Learners will partake in real-world experiences such as labs, practicums, or field experiences, and gain valuable skills, practical knowledge, and a deeper understanding of how theoretical concepts apply in real-life situations. The approach directly connects to the First Peoples Principles by learning through experiences. Experiential learning has proven many benefits including, increased motivation and engagement, as well as improved problem-solving skills. Furthermore, experiential learning develops a growth mindset as students must learn from their failures and adapt their approaches accordingly. Our interactive learning resource incorporates activities that align with experiential learning principles.
One of the activities involves having the students track their spendings for a week. This exercise allows them to understand where their money goes, encouraging conscious financial decisions beyond casual card purchases. At the end of the activity, students are encouraged to reflect on their spending and compare it to the previous week. Did they spend less money by being mindful of their purchases? Did any aspects surprise them? Through this activity, students gain practical knowledge about budgeting and personal finance management. Additionally, they gain awareness of the value of their purchases.
Another activity integrated into our course is having the students create a budget. This skill is exceptionally valuable as it equips students with familiarity of various types of expenses, such as fixed and variable costs, and setting realistic financial goals. As students actively plan and allocate their resources, they develop critical financial management habits, ensuring financial stability and independence. Learning how to budget will prove especially useful when students aspire to save up for significant purchases, such as a car or vacation.
References
Boston University. (2023). Experiential learning. Center for Teaching & Learning. https://www.bu.edu/ctl/guides/experiential-learning/
Pedagogy4change.org. (2022, May 3). Great pedagogical thinkers: John Dewey. Great Pedagogical Thinkers . https://www.pedagogy4change.org/john-dewey/
Recent Comments