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With the news full of stories about people losing their savings to Ponzi (pyramid) schemes; going on strike (despite the financial consequences to themselves); playing the Lotto with the hope of instant wealth; and having their cars, homes and other possessions repossesed, we should ask the question: What is the role of Mathematical Literacy in developing financial acumen?

In this unit, the theoretical basis for teaching mathematics - constructivism - is explored. Varieties of teaching strategies based on constructivist understandings of how learning best takes place are described.