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A Correlation

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A Correlation Powered By Docstoc
					        A Correlation
           Between
New Jersey Academic Standards
             and
JA Finance Park™ Curriculum




                                       October 2008

                                     JA Worldwide™
                                  One Education Way
                          Colorado Springs, CO 80906



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                                 JA Finance Park
JA Finance Park introduces students to personal financial planning and career exploration. It is
designed to be taught to middle grades students by classroom teachers. At the culmination of this
program, students visit JA Finance ParkTM to put into practice what they’ve learned about economic
options and the principles of budgeting. Assisted by their teachers and a staff of trained volunteers,
they have the opportunity to actually develop and commit to a personal budget.

JA Finance Park is a six-week economics education program designed to:
   Help students think creatively, analyze tasks, and solve problems
   Encourage students to develop and demonstrate personal responsibility for learning and self-
    management
   Actively involve the business community and parents in helping students attain their goals
   Communicate and work with schools to promote the highest level of student achievement
   Help students develop and follow a monthly budget

Units

Unit 1: Financial Institutions—Students recognize the role of financial institutions and the various
services they provide. They explain debit cards and their use, explain the advantages and
disadvantages of using credit, evaluate the risks and benefits of saving and investing, identify the
impact interest rates have on investment value, read stock quotations, and determine stock value. (six
45-minute class periods)

Unit 2: Taxes and My Salary—Students explore what taxes are, why they are important, what they
are used for, and how they affect income and expenses. (four 45-minute class periods)

Unit 3: Budgeting—Students create and evaluate personal budgets. They explain who uses a budget
and why, evaluate the effectiveness of sample budgets, and practice budget decision-making. (three
45-minute class periods)

Unit 4: Preparing for Finance Park—Students evaluate hypothetical life situations and prioritize
budget items in preparation for the JA Finance Park experience. They create a personal budget,
calculate net monthly income, conduct pricing research, and assess investments. (five 45-minute
class periods)

Unit 5: The Visit—Students make spending decisions to maintain a balanced budget while
participating in the JA Finance Park experience. They create a typical family budget using
hypothetical life situations, calculate spending allowances, and evaluate stock holdings. (one full day
experience at JA Finance Park)

Unit 6: After the Visit—Students assess their accomplishments from the JA Finance Park
experience. They assess credit and investment decisions and reflect on the visit. (one 45-minute
class period)

Unit 7: Career Goals—Students consider their career goals and what steps they must take to achieve
them. They differentiate among abilities, interests, work preferences, and values; identify their
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personal characteristics; rate their abilities, interests, and work preferences; identify their career
interests; perform career choice research; and write a letter of application to a prospective employer.
(five 45-minute class periods)




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                                                                                             Language                  Career Education;
                                                                                    Social
     Description                       Key Learning Objectives                                 Arts      Mathematics   Consumer, Family
                                                                                   Studies
                                                                                             Literacy                    & Life Skills

Unit 1:                   Objectives: The students will:                           6.5.8.A   3.1.4-8.A    4.1.4-8.A         9.2.8.B
Financial Institutions     Identify services provided by financial institutions             3.1.4-8.C    4.1.4-8.B         9.2.8.C
Students recognize the     Explain debit cards and their use                                3.1.4-8.D    4.1.4-8.C         9.2.8.E
role of financial                                                                            3.1.4-8.E
institutions and the       Explain the advantages and disadvantages of                      3.1.4-8.F    4.3.4-8.D
various services they       using credit
                                                                                                          4.5.4-8.A
provide                    Evaluate the risks and benefits of saving and                    3.2.4-8.C
                                                                                                          4.5.4-8.C
                            investing                                                        3.2.4-8.D
                           Identify the impact interest rates have on
                            investment value                                                 3.3.4-8.A
                                                                                             3.3.4-8.B
                           Read stock quotations and determine stock value                  3.3.4-8.C
                          Concepts: Benefit, Credit, Investment, Opportunity                 3.4.4-8.A
                          cost, Risk                                                         3.4.4-8.B
                          Skills: Active listening, Brainstorming, Comparing,
                          Critical Thinking, Decision-making, Following
                          directions, Math computation, Reading, Teamwork,
                          Writing

Unit 2:                   Objectives: The students will:                           6.5.8.A   3.1.4-8.A    4.1.4-8.A         9.2.8.B
Taxes and My Salary        Define taxes and explain their purpose                 6.5.8.B   3.1.4-8.C    4.1.4-8.B         9.2.8.C
Students explore what      Distinguish the differences among sales, income,                 3.1.4-8.D    4.1.4-8.C         9.2.8.E
taxes are, why they are     and property taxes, and the purpose for each                     3.1.4-8.E
important, what they                                                                         3.1.4-8.F    4.5.4-8.A
are used for, and how      Identify ways taxes affect everyone                                           4.5.4-8.C
they affect income and     Identify the basic principles of Social Security                 3.2.4-8.C
expenses                   Determine net monthly income                                     3.2.4-8.D

                          Concepts: Government, Income, Salary, Taxes,                       3.3.4-8.A
                          Wages                                                              3.3.4-8.B
                                                                                             3.3.4-8.C
                          Skills: Active listening, Brainstorming, Charting,
                          Comparing, Math computation, Reading,                              3.4.4-8.A
                          Teamwork                                                           3.4.4-8.B


Unit 3:                   Objectives: The students will:                                     3.1.4-8.A    4.1.4-8.A         9.2.8.B
Budgeting                  Explain who uses a budget and why                                3.1.4-8.C    4.1.4-8.B         9.2.8.C
Students create and        Identify the components of a successful budget                   3.1.4-8.D    4.1.4-8.C         9.2.8.E
evaluate personal                                                                            3.1.4-8.E
budgets                    Evaluate the effectiveness of sample budgets                     3.1.4-8.F    4.5.4-8.A
                           Develop spending plans                                                        4.5.4-8.C
                           Practice budget decision-making                                  3.2.4-8.C
                                                                                             3.2.4-8.D
                          Concepts: Budget, Expenses, Income, Needs,
                          Opportunity cost, Savings, Taxes, Wages, Wants                     3.3.4-8.A
                                                                                             3.3.4-8.B
                          Skills: Active listening, Comparing, Decision-                     3.3.4-8.C
                          making, Math computation, Reading, Teamwork                        3.4.4-8.A
                                                                                             3.4.4-8.B




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                                                                                            Language                  Career Education;
                                                                                   Social
     Description                       Key Learning Objectives                                Arts      Mathematics   Consumer, Family
                                                                                  Studies
                                                                                            Literacy                    & Life Skills

Unit 4:                   Objectives: The students will:                                    3.1.4-8.A    4.1.4-8.A         9.2.8.B
Preparing for              Create a personal budget                                        3.1.4-8.C    4.1.4-8.B         9.2.8.C
Finance Park               Calculate net monthly income                                    3.1.4-8.D    4.1.4-8.C         9.2.8.E
Students evaluate                                                                           3.1.4-8.E
hypothetical life          Conduct pricing research                                        3.1.4-8.F    4.5.4-8.A
situations and             Assess investments                                                           4.5.4-8.C
prioritize budget items    Receive business assignment and account number                  3.2.4-8.C
in preparation for the                                                                      3.2.4-8.D
                          Concepts: Budget, Expenses, Income, Needs,
JA Finance Park                                                                             3.3.4-8.A
                          Savings, Taxes, Wages, Wants
experience                                                                                  3.3.4-8.B
                          Skills: Active listening, Comparing, Interpersonal                3.3.4-8.C
                          skills, Math computation, Reading, Role-play,
                          Teamwork, Verbal communication                                    3.4.4-8.A
                                                                                            3.4.4-8.B

Unit 5:                   Objectives: The students will:                                    3.2.4-8.C    4.1.4-8.A         9.2.8.B
The Visit                  Create a typical family budget using hypothetical               3.2.4-8.D    4.1.4-8.B         9.2.8.C
Students make               life situations                                                              4.1.4-8.C         9.2.8.E
spending decisions to      Use percentages to calculate minimum and                        3.3.4-8.A
maintain a balanced         maximum spending allowances                                     3.3.4-8.B    4.5.4-8.A
                                                                                            3.3.4-8.C    4.5.4-8.C
budget while               Evaluate stock holdings
participating in the JA                                                                     3.4.4-8.A
Finance Park              Concepts: Budget, Expenses, Income, Needs,                        3.4.4-8.B
experience                Savings, Taxes, Wages, Wants
                          Skills: Active listening, Critical thinking,
                          Interpersonal communication, Math computation,
                          Role-play, Teamwork

Unit 6:                   Objectives: The students will:                                    3.2.4-8.A                      9.2.8.A
After the Visit            Demonstrate the integration of classroom                        3.2.4-8.C                      9.2.8.B
Students assess their       instruction with the hands-on simulation                        3.2.4-8.D                      9.2.8.E
accomplishments from       Perform an assessment of credit and investments
the JA Finance Park                                                                         3.3.4-8.A
experience                 Reflect on their visit                                          3.3.4-8.B
                                                                                            3.3.4-8.C
                          Concepts: Budget, Expenses, Income, Needs,
                          Savings, Taxes, Wages, Wants
                          Skills: Active listening, Critical thinking, Self-
                          reflection

Unit 7:                   Objectives: The students will:                                    3.1.4-8.A                      9.1.8.A
Career Goals               Differentiate among abilities, interests, work                  3.1.4-8.C                      9.1.8.B
Students consider their     preferences, and values                                         3.1.4-8.D
career goals and what                                                                       3.1.4-8.E                      9.2.8.A
                           Identify their personal characteristics                                                        9.2.8.B
steps they must take to                                                                     3.1.4-8.F
achieve them               Rate their abilities, interests, and work
                            preferences                                                     3.2.4-8.C
                           Identify their career interests                                 3.2.4-8.D
                           Perform career choice research                                  3.3.4-8.A
                           Write a letter of application to a prospective                  3.3.4-8.B
                            employer                                                        3.3.4-8.C
                                                                                            3.3.4-8.D
                          Concepts: Career, Goals, Income, Values
                                                                                            3.4.4-8.A
                          Skills: Active listening, Critical thinking, Research             3.4.4-8.B
                          writing, Self-assessment

                                                                                                                      10/08

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