Personal perceptions about the financial situation and well-being

Activity title

Activity 1. Personal perceptions about the financial situation and well-being

Overview

This activity will be carried out after a brief introduction to the topic, after the trainer has explained / reminded participants of the terms “personal financial situation” and “well-being”.

Discussion the following topics in groups:

• How has your and your friends’ economic situation changed over the last 5 years?
• How has your well-being changed over the last 5 years?
• Please try to explain these changes? 
• Please try to find sources / reasons of these changes

Objectives

Introduction to the topic

Materials

–

Time

15 minutes

Group size

2 students

Instructions for trainers

The trainer leads the general discussion.

The precondition here is that the task of every national government should be to increase the well-being of its citizens. The most important indicator measuring the state of the country’s economy is economic growth. Economic growth provides information to the government on how the economy is changing, but does not provide information on how the well-being of citizens is changing.

Together, the following activities will enable learners to understand that their personal financial situation and well-being do not correlate with economic growth. Could it be concluded from this that the growth indicator does not provide the government with information on what the government should measure?

Recommendation for conducting e-learning

– The discussion can be conducted in groups, in separate rooms of the e-learning platform.

– The results of the discussion can be presented in the public section of the e-learning platform.