Implementation of Mini Market Simulation in Improving Understanding of Currency Value in Early Childhood
DOI:
https://doi.org/10.29407/e.v13i1.28367Keywords:
early childhood, financial literacy, currency value, minimarket, role-playingAbstract
Understanding the value of currency in early childhood is part of strengthening early financial literacy, which needs to be developed through concrete and contextual learning experiences. This study aims to analyze the effectiveness of implementing a mini-market simulation as a play-based learning strategy in improving understanding of currency values in children aged 4–5 years. This study used the Classroom Action Research (CAR) approach modeled after Kemmis and McTaggart and was conducted in two cycles. Fifteen children participated in the study. Data were collected through observation using checklists, interviews, and documentation, while data analysis employed simple qualitative and quantitative descriptive approaches. The results showed a gradual increase in children's abilities, from 35% in the pre-cycle stage to 47.92% in the first cycle, and a significant increase to 82.50% in the second cycle. These findings indicate that the mini-market simulation, as a form of structured role-play, is effective in helping children understand the concept of currency values, including recognizing nominal values, understanding the function of money as a medium of exchange, and using it in simple transactions. Thus, implementing a minimarket simulation can be an effective contextual learning strategy to support strengthening financial literacy in early childhood.
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