Economic literacy has become an increasingly common topic in IELTS Writing Task 2, appearing in various forms over the past few years. Based on analysis of recent exam patterns, questions related to financial education and economic literacy in schools have appeared approximately 3-4 times annually since 2019, suggesting this theme will likely continue to feature prominently in future tests.
Just as importance of financial literacy education has gained significance in academic discussions, it has also become a crucial element in IELTS writing assessments. Let’s examine a recent exam question and analyze multiple sample responses across different band scores.
Topic Analysis
Some people believe that high schools should teach students about managing personal finances and basic economics. Others think these subjects are not relevant for teenagers. Discuss both views and give your opinion.
This question requires candidates to:
- Examine different perspectives on teaching financial literacy in high schools
- Present arguments both for and against the inclusion of these subjects
- Provide a clear personal stance supported by relevant examples
Sample Essay 1 (Band 8.5)
The debate over incorporating financial education into high school curricula has gained significant traction, with compelling arguments on both sides. While some advocate for early exposure to economic concepts, others question its relevance for teenage students. In my view, teaching financial literacy at the high school level is not only beneficial but crucial for students’ future success.
Proponents of financial education in high schools argue that it equips students with essential life skills. The role of financial education in preventing debt is particularly significant, as early exposure to concepts like budgeting, saving, and investment can help young people avoid financial pitfalls in adulthood. Furthermore, understanding basic economics helps students make informed decisions about college funding, career choices, and personal investments.
However, critics contend that teenagers may not be ready for such practical subjects. They argue that adolescents should focus on traditional academic subjects and that financial matters are better learned through real-world experience or at a later stage in life. Some also suggest that the current curriculum is already overcrowded, and adding financial education would reduce time for core subjects.
In my opinion, the benefits of teaching economic literacy in high schools far outweigh any potential drawbacks. Why financial literacy should be part of school curricula becomes evident when considering how early financial decisions can impact one’s future. Moreover, teenagers are already making financial choices through digital platforms and online purchases, making it essential for them to understand basic economic principles.
In conclusion, while some may question the timing of financial education, integrating these vital life skills into high school education prepares students for the complex economic decisions they will face in the modern world. Schools should therefore prioritize economic literacy alongside traditional academic subjects.
Sample Essay 2 (Band 6.5)
These days, many people have different opinions about teaching finance in high schools. Some people think it’s very important, but others don’t agree. I will discuss both sides and give my opinion.
On the one hand, teaching finance in high school can be very useful. Students can learn how to save money and understand basic things about money. This knowledge will help them when they grow up and start working. Also, they can learn how to avoid getting into debt problems.
But some people think teenagers are too young to learn about money. They say students should focus on normal subjects like math and science. They also think learning about money is boring for teenagers and they won’t be interested.
importance of personal financial discipline is very important in my opinion. I think schools should teach students about money because they will need these skills in the future. Many young people have problems with money because they never learned about it in school.
In conclusion, I strongly believe that teaching finance in high schools is a good idea. It will help students be more successful in their future life and avoid money problems.
Analysis of Band Scores
Band 8.5 Essay Analysis:
- Sophisticated vocabulary and complex structures
- Clear organization with well-developed arguments
- Effective use of topic-specific vocabulary
- Coherent progression of ideas
- Strong conclusion with clear position
Band 6.5 Essay Analysis:
- Simple but clear vocabulary
- Basic paragraph structure
- Some repetition of ideas
- Limited range of complex sentences
- Occasional errors in word choice
Key Vocabulary
- Economic literacy (n) /ˌiːkəˈnɒmɪk ˈlɪtərəsi/ – understanding of financial concepts
- Financial pitfalls (n) /faɪˈnænʃəl ˈpɪtfɔːlz/ – potential financial problems
- Curriculum (n) /kəˈrɪkjʊləm/ – course of study
- Budgeting (n) /ˈbʌdʒɪtɪŋ/ – planning how to spend money
- Investment (n) /ɪnˈvestmənt/ – use of money to create more money
Consider practicing with these similar topics:
- The role of financial education in reducing youth debt
- Teaching entrepreneurship skills in secondary schools
- The importance of practical life skills in education
Feel free to share your practice essays in the comments section for feedback and discussion.