Personal Finance by fanzhongqing


									                                                                                          Curriculum Mapping – Calendar Overview
BUSINESS EDUCATION – Personal Finance                                  Grade Level: 9th-12th Grades
  Month                        August                                         September                                       October                                      November                                     December
 Content –     Goals and Decision Making                       Careers and Planning, Budgeting                 Banking Services, Saving and Investing        Saving and Investing, Credit                 Credit and Consumer Skills
 What will     TSWK: What financial literacy is, why it is     How education and skills effect income,         The difference between financial              Inflation, characteristics of financial      Loan types, credit reporting, good vs. bad
 students      important, how to plan for the future, how to   career choices that match their aspirations,    institutions, electronic banking, federal     investments, stock, costs and benefits       credit, finance charges, credit cards, buying,
  know?        set goals, and how to apply skills to improve   how to achieve goals, their own spending        government’s role in personal finance, how    payment methods, cost of using credit,       leasing, renting, insurance basics
               their standard of living.                       and saving behaviors, basic financial terms,    to calculate interest, relationship between   consumer protection laws
                                                               employee benefits, payroll and its deductions   risk and return

  What will    Explain the rationale for financial             Define resources and the income                 Identify deposit, credit and investment       Summarize how inflation affects              Compare types of loans from different
students do?   literacy. Explain how sound financial           payments to resources. Evaluate                 services offered by commercial banks,         spending and saving decisions. Compare       financial institutions. Identify the
               decisions can increase a person’s               resources students possess. Analyze the         savings and loans, credit unions and          the characteristics of several financial     qualities a lender looks for in a loan
               standard of living and wealth. Identify         relationship between education and              brokerage firms. Compare checking             investments, including savings accounts,     applicant. Analyze a credit report and
               goals for the future. Recognize that            potential income using economic                 accounts from different institutions          stocks, bonds, mutual funds, and real        FICO score. Explain the factors that
               choices made today will affect goal             reasoning. Examine personal                     Prepare the following forms related to        estate. Explain how interest rates are       determine the cost of credit. Calculate
               attainment. Apply steps in a problem-           characteristics to determine interests,         opening and maintaining a checking            determined. Compare the features of          finance charges using different interest
               solving process/economic way of                 skills, and knowledge related to career         account: Application form. Deposit            savings accounts among financial             rates. Analyze the relationship among the
               thinking. Apply the economic way of             choices. Establish career goals. Outline        ticket. Check. Check register. Monthly        institutions. Identify the trade-offs        finance charges, principal of the loan,
               thinking to improve money-management            steps required to reach career goals.           account statement (read and reconcile).       related to various financial investment      and the loan repayment period. Compare
               skills and affect an individual’s or            Explain how scarcity affects economic           Differentiate among various types of          options. Distinguish between primary         credit cards in terms of annual fee,
               family’s standard of living.                    decisions. Prioritize personal and              electronic banking services, including        and secondary markets. Identify the costs    annual percentage rate, grace period, and
                                                               financial goals. Construct a plan to            smart cards. Explain the roles and            and benefits of trading stock. Explain the   credit limit. Propose ways to avoid or
                                                               achieve those goals. Examine current            responsibilities of the Federal Reserve       role of brokers. Examine how investors       correct credit problems. Evaluate
                                                               saving and spending behaviors and               System. Identify the opportunity cost of      are protected by agencies that regulate      consumer purchases/agreements using
                                                               patterns. Identify key terms such as gross      spending and saving. Recognize                financial markets. Differentiate between     the Problem, Alternatives, Criteria,
                                                               pay, net pay, deductions and benefits.          financial investments as options for          debit and credit cards and cash. Analyze     Evaluate, Decide (PACED) decision-
                                                               Explain the types of benefits provided by       savings. Explain the advantages of            the costs and benefits of various methods    making model. Analyze how advertising
                                                               employers. Distinguish between required         compounding. Predict how much savings         of payment. Define credit and interest.      influences consumer decision making.
                                                               and optional deductions. Identify key           will be needed to achieve goals. Describe     Compare the advantages and                   Analyze the rights and responsibilities of
                                                               terms such as disposable income,                five types of financial investment risk.      disadvantages of using credit. Explain       consumers in the marketplace. Evaluate
                                                               variable, fixed and period expenses.            Describe the relationship between             the opportunity cost of using credit.        the costs and benefits of buying, leasing
                                                               Complete a W-4 form. Identify the               financial investment risk and return.         Describe the rights and responsibilities     or renting. Analyze financing options of
                                                               various designations on a paycheck/stub.        Distinguish between real and nominal          of buyers and sellers under consumer         consumer purchases. Evaluate various
                                                               Analyze a W-2 statement. Develop a              rate of return.                               protection laws. Identify types of credit    forms of insurance coverage
                                                               budget.                                                                                       and their common forms.

Assessments    Personal Finance Profile, Goals and             Careers and Planning Pretest, Career and        Banking Services Pretest, Banking             Saving and Investing Posttest, Savings       Credit Posttest, Consumer Skills Pretest,
               Decision Making Pretest, Personal               Planning Posttest, Career Planning              Services Posttest, Account Startup,           Account Simulation, Credit Pretest,          Consumer Skills Posttest, Home buying
               Finance Posttest, Career Timeline,              Sheets, Budgeting Pretest, Budgeting            Maintenance, and Closing, Bank                Credit Card Interest Rates Comparisons,      simulation, Financial Literacy Article,
               Future Planning Simulations, Lecture,           Posttest, Budget Analysis Investigation,        Selection Simulation, Saving and              Lecture, Group Work, Class                   Lecture, Group Work, Class
               Group Work, Class Participation                 Financial Tracking Sheet , Lecture,             Investing Pretest, Lecture, Group Work,       Participation                                Participation
                                                               Group Work, Class Participation                 Class Participation
                     Determination of credit worthiness,          The banking system, using a checking     Foundations for sensible money          Understanding our interests, demand and
                     Building a personal credit history,          system, writing and receiving checks,    management, budgeting, planning         supply in career fields, global economy,
                     applying for credit, Comparing credit        ATM and Debit Cards, reconciling a       your financial future, and retirement   international business with careers.
                     costs, calculating annual percentage         checking account, other electronic and   options
                     rates, shopping for credit, Major            drafts, how insurance works, vehicle
What will students
                     sources of credit, positive and negative     insurance, property insurance, life
                     aspects of credit, credit reporting          insurance, health insurance, AD&D
                     agencies and bureaus, types of               Insurance
                     installment credit, use of retail and bank
                     credit cards, and provisions of major
                     credit protection legislation.

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