The Glossary of Financial Literacy “ Words of Economics and Finance” is born on October 2016, from the need to create a support for the debate on the evolution and the diffusion of basic financial skills on financial literacy school programs and on the important topics of “financial inclusion”, offering an explicatory tool on the history of the economy, on banks and investments, deepening and contextualizing over 350 words in everyday reality.
By reordering the concepts and helping to define the most technical parts that makeup today’s finance, a platform of dialogue and debate on all financial topics has been formed, in order to promote a culture of economic citizenship among teachers, students, families and savers.
4th edition of our Financial Education Glossary “Words of Economy and Finance” (February 2022). In this new edition, the entire social security and insurance section has been further updated, including a detailed explanation of how credit derivatives work, as well as news on regulations protecting savers and investors. A new feature is the creation of a section dedicated to the theme of Fintech and the 2030 Agenda, not forgetting cryptocurrencies (Chapter 7 – “Fintech and Sustainability”). The Glossary – made available digitally free of charge – had already reached a circulation of 150 thousand copies, making it the most widely distributed Glossary in Italy! This commitment has been renewed over the years in order to give substance and completeness to our mission of disseminating financial literacy with a view to financial inclusion and greater financial awareness, so that we can be primary actors of a proactive economic citizenship. The Glossary has been translated into English in order to be better integrated with the CLIL methodology – Content and Language Integrated Learning (which with Law 107 of 13 July 2015 became part of the priority educational objectives of the Italian school system), and to encourage the acquisition of disciplinary content and foreign language learning.
The third edition of the Glossary of Financial Education – Words of Economics and Finance (December 2019) combines modern and updated teaching of economic discipline with a more concrete approach, closely connected to the economic-financial reality that we are experiencing in recent years. In particular, in this new edition, the infographics and the entire social security and insurance section have been fully updated and there is also a detailed explanation on the mechanism of operation of credit derivatives, without missing the legislation that protects savers and investors (MIFID II, IDD) and an analysis of banks’ stress tests to assess their solidity. Our Glossary also includes current and popular themes such as Brexit and Quantitative Easing (QE). All this to give concreteness and completeness to the financial issues that we all have the right and duty to know and understand, with a view to “financial inclusion” and greater financial awareness to be primary players in proactive economic citizenship.
The Glossary has been translated into English to offer an opportunity of integration with the CLIL methodology (Content and Language Integrated Learning methodology) and to promote to the acquisition of disciplinary content and foreign language learning.
The second edition, launched in April 2018, improved with the infographics donated by Pictet Asset Management, became even more innovative. It is also used in adult classes, in class and also at home in a simple and easy way. The definition of each concept expressed in questions and answers will facilitate the learning of even the most complex topics, favouring a transfer of generational skills, made possible also thanks to the digital platform www.familymi.com and its 30 video tutorials related to the skill survey.
The Second Edition has already sold out its first 20 thousand copies and aims to consolidate the way of financial awareness for families, future generations of investors and women, through the keywords of a topic in constant evolution. The Glossary is distributed for free to all the participants of the classes of the “Women Squared Project” and at all FamilyMi events.
The first edition of the Glossary has been distributed by Giunti Scuola in over 680 Italian schools for a total of 120,000 copies, e-books and printed edition. It has been given to students, High School teachers, that have chosen special educational path, on the pilot regions of Lombardy, Lazio, Piedmont and Emilia Romagna.