Economics & Personal Finance

Course OutlineTeacher: Melissa Talley

Click here for a full list of Tasks/Competencies for this course from the CTE Resource Center.

SEMESTER 1: ECONOMICSIntroduction to ClassModule: Welcome to Economics and Personal Finance

Unit 1: The Basics Part ILesson 1: Economics and Personal Finance

Module 1: ScarcityObjectives: 1. Understand the concept of scarcity2. Describe how individuals, businesses, and governments address

scarcityVideo: Star Wars - https://www.youtube.com/watch?v=Np-dZSdzymk

Module 2: Trade-Offs and Opportunity CostsObjectives:1. Understand the concepts of opportunity cost and trade-offs2. Apply the concept of opportunity cost to evaluate both the direct

and indirect costs of a decision3. Utilize the PACED decision model to analyze different choices and

make a decisionVideo: https://www.youtube.com/watch?v=eYxu-x4_U3A

Module 3:Choices and Unintended ConsequencesObjectives:1. Understand how choices often have unintended consequences2. Analyze individual and government actions for unintended

consequencesVideo: https://www.youtube.com/watch?v=pSwMEtuL-GQ

Lesson 2: Economic Systems

Module 5: Three Basic Economic QuestionsObjectives:1. Identify the three basic economics questions.2. Compare and contrast the four different economic systems based

on the three basic economics questions.3. Describe the advantages and disadvantages of a command

economy and a market economy.Video: https://www.youtube.com/watch?v=kLKlsXZd0B8

Module 7: Economic History: Adam Smith Macroeconomics and Microeconomics

Objectives:1. Define economics and identify its three main components:

production, distribution, and consumption.2. Compare and contrast microeconomics and macroeconomics3. Explain the term invisible hand.

Video: https://www.youtube.com/watch?v=EBifN69gcKY

Lesson 3: Factors of ProductionModule 9: Factor Demand

Objectives:1. Understand the concept of labor demand and all other factor

demands.2. Understand the related concepts of wage rate, labor demand,

labor supply, unit cost of capital, capital supply and demand, derived demand, consumer demand, and market-determined selling price.

Video: https://www.youtube.com/watch?v=hcSVbEibKYQ

Module 11: Capital GoodsObjectives:1. Understand the concept of capital goods and how they affect

productivity and the level of production of a business or country.2. Understand the related concept of investment.

Module 12: Changes in TechnologyObjectives: 1. Understand how investments in technology can improve

productivity.2. Understand how supply and demand send signals that lead to

changes in investment in technology.

Lesson 4: Production/ConsumptionModule 14: Households vs Firms

Objectives:1. Understand how households’ purchases generate revenue for firms,

and how firms’ purchases of labor and other resources generate income for households.

2. Understand the concept of consumer sovereignty and its importance.

Module 15: Costs and Benefits of ExchangeObjectives:1. Understand what voluntary exchanges mean.2. Understand the costs and benefits of voluntary exchanges in

international trade.3. Analyze an exchange in terms of its costs and benefits.

Lesson 5: Types of BusinessesModule 17: Sole Proprietorship, Partnership, and Corporation, Advantages and Disadvantages

Objectives:1. Understand the costs and benefits of different forms of business

organization, including sole proprietorship, partnership, corporation, franchise and cooperative.

2. Understand the difference among types of businesses according to ownership, taxation, liability, and profitability.

3. Choose the most appropriate form of business to fit particular circumstances.

4. Extract information from a table and use it to create a sequence of events and a Venn diagram of relationships. A Venn diagram is a diagram that uses circles to represent sets, with the position and overlap of the circles indicating the relationships between the sets.

Video: https://www.youtube.com/watch?v=pPVkG9krOMI

Module 18: Competition, Advantages and GoalsObjectives:1. Appreciate how a market economy allows individuals to become

entrepreneurs and to compete in local, state, national, and global economies.

2. Understand the role of competition in the economy: competition among producers and competition among consumers.

3. Understand various strategies entrepreneurs use and their contributions to a market economy.

Module 19: Types of CompetitionObjectives:1. Analyze the effects of competition among competing firms.2. Understand benefits to the consumer from competition among

sellers.3. Demonstrate knowledge of the role of producers and consumers in

a market economy by describing the effects of competition on producers, sellers and consumers.

Lesson 6: Firm BehaviorModule 21: Cost/Revenue vs Profit

Objectives:1. Understand the difference between cost and price2. Understand the difference between revenue and profit

3. Calculate profit using information about quantity, cost and price4. Understand what happens when cost of production changes5. Differentiate between marginal, average, and total costs and

revenues.

Module 23: The Circular Flow ModelObjectives:1. Understand how money flows between households and firms2. Understand how leakages and injections from the government

affect the circular flow model.3. Relate economic affairs to the context of the circular flow model.

Video: https://www.youtube.com/watch?v=2wM0jHL6TQsUnit 2: The Basics: Part II

Lesson 7: Supply and DemandModule 24: Law of Demand

Objectives:1. Understand the difference between demand and quantity

demanded.2. Create and interpret a demand graph.

Video: https://www.youtube.com/watch?v=QvGLcCTXk9o

Module 26: Law of SupplyObjectives:1. Understand the difference between supply and quantity supplied.2. Create and interpret a supply graph.3. Understand how opportunity costs are related to economic profit

and supply.Video: https://www.youtube.com/watch?

v=t1j3mjEd3wg&index=2&list=PL1DF20ECD195D2405 How to draw the shifts: https://www.youtube.com/watch?v=4ZKBgpuaZFY

Lesson 8: EquilibriumModule 28: Equilibrium Price / Quantity

Objectives:1. Understand the difference between surplus and shortage.2. Create and interpret a supply and demand graph.

Video: https://www.youtube.com/watch?v=JiQtGgX0ffE

Module 29: Effects of Supply and Demand on EquilibriumObjectives:1. Apply determinants of supply and demand to understand effects on

equilibrium price and equilibrium quantity.2. Understand how a simultaneous shift of both supply and demand

can create unpredictable effects on either the equilibrium price or the equilibrium quantity.

Lesson 9: ElasticityModule 31: What is Elasticity

Objectives:1. Explain the economic concept of elasticity.

2. Identify the determinants of price elasticity of demand and elasticity of supply.

3. Determine whether a good is elastic or inelastic.4. Discuss why elasticity is critical knowledge for producers.

Video: https://www.youtube.com/watch?v=4oj_lnj6pXA

Unit 4: MacroeconomicsLesson 14: Supply and Demand

Module 50: Measuring Economic IndicatorsObjectives:

1. Describe economic indicators including unemployment, GDP, and inflation.

2. Understand the relevance of the main economic indicators and how economists use them to gauge the strength of an economy.

Lesson 17: The Business CycleModule 60: Expansion & Contraction

Objectives:3. Recognize the alternating periods of expansion and

contraction that generate the business cycle.4. Identify each stage of the business cycle on a graph.5. Define the characteristics of a recession and a depression.

Module 61: Good Times, Bad TimesObjectives:

1. Understand the business cycle’s effects on markets and factors such as unemployment and inflation.

2. Gain a basic understanding of common stock and a stock market.

3. Understand a graph of stock market activity.

Unit 5: Fiscal & Monetary Role of Government

Lesson 18: The FedModule 65: The Federal Reserve’s Structure & Function

Objectives:1. Describe the origins of the Federal Reserve’s System and list

its main responsibilities2. Describe the structural composition of the Federal Reserve

System and identify the roles of each component3. List and describe the three tools used by the Federal Reserve

System that affect the money supply

Module 66: FDIC and Stability Measures Objectives:

1. Explain the cause and effect of bank runs2. Describe the role that the Federal Deposit Insurance

Corporation (FDIC) plays in stabilizing the economyLesson 19: The Federal Budget Process

Module 68: Surplus & DeficitObjectives:

1. Identify the different methods that federal, state, and local governments use to collect revenue

2. Name some of the typical government expenses at the federal, state, and local levels

3. Understand a balanced budget, budget deficit, and budget surplus

Unit 8: TaxesLesson 27: The Federal Budget Process

Module 95: Preparing Income Tax ReturnsObjectives:

1. Explain the information in a W-2 form and how to use it to prepare an income tax return

2. Understand the differences between a tax deduction and a tax credit

3. Select a tax preparation software

Unit 9: Money Management – Keeping More Money in Your Pocket

Lesson 28: Setting Financial GoalsModule 98: Saving Up to Buy a Car

Objectives:1. Understand and assess your need for a vehicle.2. Learn about the expenses that come with car ownership.3. Understand how automobile loans work.4. Understand the various types of car insurance.

Module 100: How to Buy a HouseObjectives:

1. Understand the terms related to buying a home and home ownership.

2. Assess the risks and benefits of home ownership.3. Understand the process of buying a house and the debt

associated with the purchase.

Unit 12: Smart SpendingLesson 40: Housing – Rent or Buy?

Module 132: Comparing the Total Cost of a Lease vs. PurchaseModule 133: Benefits and Disadvantages of Renting and Buying

Objectives:1. Use a decision model to select both rental housing and a

home you might like to buy.

Unit 16: Insurance – How to Protect YourselfLesson 51: Insurance Basics

Module 156: Types of InsuranceObjectives:1. Evaluate insurance as a risk management strategy.2. Identify the general benefits of the different types of insurance—

health, life, automobile, property, and professional liability insurance.

3. Explain the roles of insurance in financial planning.

SEMESTER 2: PERSONAL FINANCEI. Money Management Unit SOL’s Covered:

EPF.17 The student will demonstrate knowledge of personal financial planning by:

a) identifying short-term and long-term personal financial goalsf) explaining how economics influences a personal financial plan

EPF. 10 The student will develop consumer skills by:d) determining the consequences of conspicuous consumptionh) examining the impact of advertising and marketing on consumer demand and decision-making in the global marketplace.

ASSIGNMENTS:

Register for EverFi [www.everfi.net] Complete Orientation Module on EverFi NEFE booklet - Module 01: Money Management

o Students read through booklet and complete/submit assignments on Google Classroom [NEFE Mod 01] (graded)

EverFi: Module 1– Savings – all online at www.everfi.net - Savings Pre-quiz- Starting To Save

o “Saving For Today and Tomorrow”o “Set a Savings Goal”o “The Power of Interest”o Practice Quiz #1o “Savings Adds Up”

- Compound Interesto “Compound Interest”o “Compounding Frequency”o Practice Quiz #2o “Rule of 72”o Practice Quiz #3

- Budgeting Basics

o “Savings Vehicles”o “Savings Vehicles Practice”o “What is a Budget”o “Your Budget: Your Needs vs. Wants”o “Your Budget: Start Saving”o “Budgeting Best Practices”

- Savings Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

II. Credit and Borrowing Unit SOL’s Covered:

EPF.13 The student will demonstrate knowledge of credit and loan functions by:

a) evaluating the various methods of financing a purchaseb) analyzing credit card features and their impact on personal financial

planning c) identifying qualifications needed to obtain creditd) identifying basic provisions of credit and loan lawse) comparing terms and conditions of various sources of consumer

creditf) identifying strategies for effective debt management, including

sources of assistanceg) explaining the need for a good credit rating h) comparing the costs and conditions of secured and unsecured loansi) comparing the types of voluntary and involuntary bankruptcy and

the implications of each ASSIGNMENTS :

NEFE: Module 02 – Borrowingo Students read through booklet and complete/submit assignments

on Google Classroom [NEFE Mod 02] (completion grade – out of 30 points)

EverFi: Module 4 – Credit Score- Credit Scores Pre-Quiz- Introduction to Credit Scores

o “What is a Credit Score?”o Practice Quiz #1o “Credit Score Ranges”o Practice Quiz #2

- What Affects Your Credit Score?o “Components of a Credit Score”o Practice Quiz #3o “Actions That Will Hurt Your Credit Score”o “Help Your Credit”

- Your Credit Reporto “Explore A Credit Report”

o “Keeping Tabs on Your Credit”o Practice Quiz #4o “The Impact of Your Credit Score”

- Credit Scores Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

“The Automatic Millionaire” Chapter 5o students are to read this chapter and write 10 facts they learned on

the assigned Google Doc on Google Classroomo “Turn In” for a grade

10 facts = 10 points (100%) 9 facts = 9 points (90%), etc…

Reinforcement Activities (These are Google Docs in my Drive that can be posted to Google Classroom. The answer keys for these are in the Personal Finance binder under the “Supplemental Material” section.)

o “Examining A Credit Report” students will look at a sample credit score and answer

questions Go over answers Students should submit on Google Classroom for a

completion gradeo “ Making Credit Choices Case Studies” Google Doc

students are to assume the role of a financial advisor, read four case studies, and answer related questions

Go over answers Students should submit on Google Classroom for a

completion gradeIII. Interest and Banking Unit

SOL’s Covered:EPF. 18 The student will demonstrate knowledge of investment and savings planning by:

a) comparing the impact of simple interest vs. compound interest on savings

EPF. 12 The student will demonstrate knowledge of banking transactions by:

a) comparing the types of financial institutionsb) comparing how financial institutions affect personal financial

planningc) evaluating services and related costs associated with personal

bankingd) differentiating among types of electronic money transactionse) preparing all forms necessary for opening and maintaining a

checking and saving accountf) reconciling bank statements g) comparing costs and benefits of online and traditional banking h) explaining how certain historical events have influenced the

banking system and other financial institutions ASSIGNMENTS :

NEFE: Module 05 – Financial Services

o Students read through booklet and complete/submit assignments on Google Classroom [NEFE Mod 05] (completion grade – out of 30 points)

EverFi: Module 2 – Banking- Banking Pre-Quiz- The Banking System

o “Your Banking Options”o “Banking Options Practice”o “The Federal Reserve System”o Practice Quiz #1

- Choosing Your Accounto “Inside a Bank – Part 1”o “Inside a Bank – Part 2”o “Inside a Bank – Part 3”o Practice Quiz #2o “Account Types”o “Comparing Account Types”

- Using Your Accounto “Account Fees”o “The Basics of Checking”o “Accounts”o “Explore A Check”o Practice Quiz #3o “Balance Your Checking Account”o “Your Online Account – Part 1”o “Your Online Account – Part 2”o “Your Online Account – Part 3”o “Your Online Account – Part 4”

- Banking Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

How To Do Your Banking booklet- “Check It Out” video on www.cemarkinc.com - Practice Filling out checks- Explain balance book, check, endorsement, routing number, etc… (all

included in booklet)- Follow instructions together for first few transactions

EverFi: Module 3 – Payment Types- Payment Types Pre-Quiz- Payment Types

o “Payment Types”o Practice Quiz #1o “Credit vs. Debit”o Practice Quiz #2o “Payment Types Practice”o “Other Payment Types”

- Selecting a Credit Cardo “Credit Card Terms”o Practice Quiz #3

o “Credit Card Offer Comparison”- Using a Credit Card

o “Paying More than the Minimum”o “It Costs What?”o Practice Quiz #4o “Understanding Your Bill”o “How to Manage Existing Debt”

- Payment Types Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

Reinforcement Activities (These are Google Docs in my Drive that can be posted to Google Classroom. The answer keys for these are in the Personal Finance binder under the “Supplemental Material” section.)

o “Everything You Wanted to Know About Figuring Interest” students will look at the equations for figuring interest rates

and answer questions Go over answers Students should submit on Google Classroom for a

completion gradeo “Comparing Credit Cards”

students will look at a sample credit card statement and answer questions

Answer key is in Personal Finance notebook – “Supplemental Materials” section

Go over answers Students should submit on Google Classroom for a

completion gradeo “Understanding a Credit Card” – PowerPoint on Google

Classroom Students will fill in PowerPoint Notes on their computers as I

go over notes on the Smart Board Answer Review Questions (Google Doc)– go over answers -

“Turn In” for a grade Play “Understanding a Credit Card Trivia” game to review for

Credit Card Test (on Google Classroom) Divide into teams Winning team gets +5 EC on Test

Understanding a Credit Card Test (Google Form) Post the “Understanding a Credit Card Test Instructions”

on Google Classroom Students will take the Test using a Google Form (Use

Flubaroo Ad-On to grade. I created a separate test for 4th & 7th periods to make it easier for recording grades)

IV. InvestingSOL’s Covered:

EPF. 18 The student will demonstrate knowledge of investment and savings by:

b) comparing and contrasting investment and savings optionsc) comparing costs and income sources for investments

d) examining the fundamental workings of Social Security and the system’s effects on retirement planning

e) contrasting alternative retirement plansf) describing how the stock market worksi) accessing reliable financial information from a variety of sources

ASSIGNMENTS: NEFE: Module 04 – Investing

o Students read through booklet and complete/submit assignments on Google Classroom [NEFE Mod 04] (completion grade – out of 30 points)

EverFi: Module 9 – Investing- Investing Pre-Quiz

o “A Penny for Your Thoughts”o “Compounding Returns”o “Many Happy Returns”o “Retirement Plans”o Practice Quiz #1o “It Pays to Save Early”

- The Basics of Investingo “What is Investing?”o “Investing Options Practice”o “Why Issue Stocks & Bonds”o Practice Quiz #2o “Stock Exchanges & Indexes”o “Risk vs. Return”o “Risk vs. Return Practice”

- Balancing Your Portfolioo “The Effect of Time on your Portfolio”o Practice Quiz #3o “Why Diversify”o “Diversify Your Portfolio – Part 1”o “Diversify Your Portfolio – Part 2”

- Investing Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

Reinforcement Activities (These are Google Docs in my Drive that can be posted to Google Classroom. The answer keys for these are in the Personal Finance binder under the “Supplemental Material” section.)

o “Risks of Investing” Students will read about the risks vs. rewards of investing and

answer questions Go over answers Students should “Turn In” on Google Classroom for a

completion gradeo “An Introduction to Stocks & Bonds”

Students will read about the different types of investing and answer questions

Go over answers Students should “Turn In” on Google Classroom for a

completion grade

o “Investing Terms” Students will copy the definitions from the Teacher Copy of

this file on the Driveo “Investing Terms BINGO”

There is a supplemental BINGO Review game that goes with this – it is all in the answer key in the binder. You would have to make copies, etc… to set it up.

o “Investing Terms Quiz” students will take the quiz for a grade

V. Budgeting and Consumers Skills SOL’s Covered:

EPF.17 The student will demonstrate knowledge of personal financial planning by:

d) developing a personal budgetEPF.10 The student will develop consumer skills by:

a) examining basic economic concepts and their relation to product prices and consumer spending

b) describing the steps in making a purchasing decision, including the roles of marginal benefit and marginal cost

e) describing common types of contracts and the implications of each f) demonstrating comparison-shopping skillsg) maintaining a filing system for personal financial recordsj) explaining consumer rights, responsibilities, remedies and the importance of consumer vigilance k) examining precautions for protecting identity and other personal information

ASSIGNMENTS: EverFi: Module 8 – Consumer Protection

- Consumer Protection Pre-Quiz- Identity Theft and Consumer Fraud

o “Why do we need Identity Protection?”o “Ways Identity Theft Can Happen”o Practice Quiz #1

- Protecting Yourselfo “Making a Strong Password”o “Strong Password Practice”o “Social Security Numbers”o “Sensitive Documents Part 1”o “Sensitive Documents Part 2”o Practice Quiz #2o “How to Tell Identify Theft Has Occurred”o “Resolving Identify Theft”o “How to Protect Yourself”o Practice Quiz #3

- Consumer Protectiono “Why Do Consumers Need Protection?”o “Consumer Protection Acts & Organizations”

- Consumer Protection Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

Reinforcement Activities (These are Google Docs in my Drive that can be posted to Google Classroom. The answer keys for these are in the Personal Finance binder under the “Supplemental Material” section.)

o “Money Management” Students will read about managing money and answer

questions regarding setting a budget Go over answers Students should “Turn In” on Google Classroom for a

completion gradeo “Consumer Credit Protection”

Students will read about the different legislation protecting consumers, answer questions, and analyze client case studies (they only have to do 3 of the case studies)

Go over answers Students should “Turn In” on Google Classroom for a

completion gradeo “Scams and Schemes”

Students will read about types of scams and schemes regarding credit and answer questions

Go over answers Students should “Turn In” on Google Classroom for a

completion grade

VI. Earning Power and Human Capital SOL’s Covered:

EPF.10 The student will develop consumer skills by:b) examining the effect of supply and demand on wages and prices

EPF. 15 The student will demonstrate knowledge of income earning and reporting by:

a) examining how personal choices about education, training, skill development and careers impact earnings

b) differentiating among sources of income d) investigating employee benefits and incentives

ASSIGNMENTS: NEFE: Module 03 – Earning Power

o Students read through booklet and complete/submit assignments on Google Classroom [NEFE Mod 03(completion grade – out of 30 points)

EverFi: Module 5 – Higher Education- Higher Education Pre-Quiz- Investing in Higher Education

o “Education is an Investment”o “Education ROI – Part 1”o “Education ROI – Part 2”o “Path to Higher Education”o “Your Steps to Higher Education – Part 1”o “Your Steps to Higher Education – Part 2”

o Practice Quiz #1- Paying For Higher Education

o “Financing Higher Education”o Practice Quiz #2o “Types of Federal Loans”o “Subsidized & Unsubsidized Federal Loans”o “FAFSA Introduction”o “FAFSA Form – Part 1”o “FAFSA Form – Part 2”o “FAFSA Form – Part 3”o “FAFSA Form – Part 4”o “FAFSA Form – Part 5”o Practice Quiz #3o “Ways to Pay for Higher Education”o Practice Quiz #4o Summary

- Higher Education Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

VII. Insurance & Taxes SOL’s Covered:

EPF. 16 The student will demonstrate knowledge of taxes by:a) describing the types and purposes of local, state, and federal taxes

and the way each is levied and usedc) computing local taxes on products and services d) examining potential tax deductions and credits on a tax returne) explaining the content and purpose of a standard W-2 formf) explaining the similarities and differences between state and federal taxation of inheritances

EPF. 15 The student will demonstrate knowledge of income earning and reporting by:

c) calculating net payd) completing a standard W-4 form

EPF.17 The student will demonstrate knowledge of personal financial planning by:

b) identifying anticipated and unanticipated income and expenses c) examining components and purposes of a personal net worth

statement e) investigating the effects of government actions and economic

conditions on personal financial planningf) explaining how economics influences a personal financial plan

EPF.14 The student will demonstrate knowledge of the role of insurance in risk management

a) evaluating insurance as a risk management strategy b) distinguishing among the types, costs, and benefits of insurance

coverage including automobile, life, property, health, and professional liability insurance

c) explaining the role of insurance in financial planning

ASSIGNMENTS : NEFE: Module 06 – Insurance

o Students read through booklet and complete/submit assignments on Google Classroom [NEFE Mod 06] (completion grade – out of 30 points)

EverFi: Module 7– Insurance & Taxes- Insurance & Taxes Pre-Quiz- Insurance

o “What is Insurance?”o “Types of Insurance”o Practice Quiz #1o “Insurance Policy Terms”o “Policy Terms Practice”o “How Insurance Works”o Practice Quiz #2o “Out-of-Pocket Costs”

- Taxeso “Paying Taxes”o “Types of Taxes”o Practice Quiz #3o “Parts of a Paystub”o “Paystub Practice”o “Tax Forms”o 1040EZ Form – Part 1o 1040EZ Form – Part 2o 1040EZ Form – Part 3o 1040EZ Form – Part 4o 1040EZ Form – Part 5o 1040EZ Form – Part 6o 1040EZ Form – Part 7

- Insurance & Taxes Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

Reinforcement Activities (These are Google Docs in my Drive that can be posted to Google Classroom. The answer keys for these are in the Personal Finance binder under the “Supplemental Material” section.)- “Managing Risk” (Google Doc assignment & need copies made of

10.2 “The Big Risk” Activity)o students should read and complete questions on Google Doc

go over answers “Turn In” for a grade

o “The Big Risk Activity” (you need playing cards – in top left desk drawer)

Follow the instructions for this activity in the “Managing Risk” answer key (it starts on the second page –everything is highlighted that you need)

divide students up into groups Distribute 10.2 sheets to each student

go through activity together at the end of the activity, students are to answer questions

on worksheet discuss as a class

Read and discuss “Closure” questions from instructions packet

- “Uncle Sam Takes a Bite”o Students will read the Google Doc about taxes and answer

questionso Students will fill out two different 1040EZ forms (make copies of

this and the Federal Tax table for Form 1040EZ – in binder) Go over answers “Turn In” for a grade

VIII. Renting vs. Owning SOL’s Covered:

EPF.11 The student will demonstrate knowledge of planning for living and leisure expenses by:

a) comparing the costs and benefits purchasing vs. leasing a vehicleb) comparing the advantages and disadvantages of renting vs.

purchasing a homec) describing the process of renting housing d) describing the process of purchasing a home e) calculating the costs of utilities, services, maintenance and other

housing expensesf) evaluating discretionary spending decisions

ASSIGNMENTS : EverFi: Module 6 – Renting vs. Owning

- Renting vs. Owning Pre-Quiz- Renting vs. Owning Basics

o “Renting vs. Owning”o “Types of Assets”o “Appreciating Assets”o “Depreciating Assets”o Practice Quiz #1

- Housing Choiceso “Renting Pros & Cons”o “Explore a Lease Agreement”o Practice Quiz #2o “Owning Pros & Cons”o “Mortgages”o “Housing Real-life Decisions”o “Mortgage Terms & Factors”o Practice Quiz #3

- Transportation Choiceso “Transportation Choices”o “Transportation Real-life Decisions”o “Buying a Car – Part 1”o “Buying a Car – Part 2”

o “Buying a Car – Part 3”o “Buying a Car – Part 4”

- Renting vs. Owning Final Quiz (graded – students must achieve at least an 80/100 to move on. Any student has the opportunity to re-take a quiz as many times as needed to get desired/required grade.)

“The Automatic Millionaire” Chapter 6o students are to read this chapter and write 10 facts they learned on

the assigned Google Doc on Google Classroomo “Turn In” for a grade

10 facts = 10 points (100%) 9 facts = 9 points (90%) etc…

Reinforcement Activities (These are Google Docs in my Drive that can be posted to Google Classroom. The answer keys for these are in the Personal Finance binder under the “Supplemental Material” section.)

o “Shopping for an Auto Loan” Students will learn about obtaining a car loan and answer

questions regarding setting a budget Go over answers Students should “Turn In” on Google Classroom for a

completion gradeo “Shopping for a Mortgage”

Students will learn about obtaining a mortgage loan and answer questions fill in a Mortgage Comparison Table (do the first column together so they know what to do)

Go over answers Students should “Turn In” on Google Classroom for a

completion grade

IX: ReviewThese can be done in any order or in any combination.

W!SE Practice Test #1 – 35 questions (on Google Classroom)o Students will submit answers via a Google Form (create an

assignment on Classroom with a link to the Google Form) W!SE Practice Test #2 – 85 questions (on Google Classroom) (create an

assignment on Classroom with a link to the Google Form)o Students will submit answers via a Google Form

Quizleto Students log in to www.quizlet.como They are to search my user name: msptalley and look for the

following sets. o W!SE Test Practice Problems – 33 terms

Students should look over this set on Quizlet to study Create an assignment on Classroom with a link to the Google

Form titled “W!SE Test Practice Problems” They are to submit their answers on the Google Form for a

grade (they can re-do it as many times as they want to get the best grade possible)

o W!SE Study Guide – 99 terms Students should look over this set to study Students will create and take a “test” on Quizlet

They should tell you what they score on the test (check their screen) so you can put this in PowerSchool

o Insurance Review for W!SE – 14 terms Students should look over this set to study Students will create and take a “test”

They are to submit the grades for a participation gradeo W!SE Certification Review – 115 terms

Students should look over this set to study Students will create and take a “test”

They are to submit the grades for a participation gradeo Money Review for W!SE Financial Literacy Test – 14 terms

Students should look over this set to study Students will create and take a “test”

They are to submit the grades for a participation grade Gen I Revolution

o Make an assignment on Google Classroom for this Google Doc Students should follow instructions to register, log-in and

“play” this review video game They will complete 15 missions (in order – starting with

Mission #1) Advise them that having a sheet of scrap paper and a writing

utensil is handy Divide the class period half Quizlet or other review and half

thiso Teacher Guide is in the Personal Finance Binder and includes

Answer keys for missions Other helpful tips & tricks

o Give a grade for each mission completed – if they pass the mission give them a 100/100 for that mission

If they don’t pass the mission, they need to re-do it until they do

It tells you on the teacher account whether or not they pass the mission

EverFi Post-Testo Make an assignment on Google Classroom that provides the link to

the Google Form “EverFi Post-Test”o Responses will come up on the responses page (can use Flubaroo

add-on to grade it) EverFi Life Game

o Students are to complete the High School Simulation for review/practice with key terms and concepts

X: Career Unit Career Research Presentation –

o Students are to research two career interests and (according to the grading rubric) create a Google Slides presentation

Next year if there is time – do resumes, mock interviews, etc… like I do in Marketing classes