Financial Literacy – 2014 – Grade 11

In grade 11, The Business of Art – Case Studies unit students will be introduced to a collection of interviews with professional artists who work in the applied arts including visual, media and craft-based related fields. By watching and listening to these interviews students will be exposed to the unique qualities of the business of art. Students will gather knowledge and experience related to financial considerations of working in an art-related field as they consider the market value of products and services at the heart of arts-based careers. In this exploration students will come to understand the relationship between the artist and the consumer including how art has become an essential part of business development. The unique social responsibilities of the artist in business and practice including sustainable and responsible personal financial planning such as budgeting, saving and investing as well as health and financial security in the long term will all be investigated.

Connections to Financial Literacy

Learning Goals

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Connections to Financial Literacy:

Discussion of market value related to products and services and how this relates to arts-based careers

Understanding the consumer and the relationship between the artist and the consumer including how art is now so essential for business

Sustainable and responsible personal financial planning such as budgeting, saving and investing

Sustainable and responsible business financial planning such as budgeting, saving and investing (including ethical/best practice)

The unique qualities of the Business of Art

The unique social responsibilities of the artist in business and practice

Health and financial security in the long term

Students will know, understand and/or be able to:

income and earning streams

self-employment

budgeting

risks and rewards

pensions

insurance

taxes

planning ahead

how the financial system works from the point of view of those working in the arts field

the difference between wants and needs

consumer awareness and advertising[

fraud and its consequences

]future consequences of financial decisions

how to plan for life after high school and beyond

Download Files

Educator’s Guide: The Business of Art
BLM #01: Questions for Professionals
BLM #02: Let’s Consider a Career in the Visual Arts
BLM #03: Quotes About Ontario’s Creative Cluster
BLM #04: Case Study Analysis Chart
BLM #05: Financial Literacy in Visual Arts Checklist
BLM #06: Financial Literacy in Visual Arts Rubric
BLM #07: The Business of Art Terminology Worksheet
BLM #08: The Business of Art Terminology Teacher’s Answer Key
]BLM #09: Financial Literacy & the Arts Personal Reflection

Video Resources