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Document Sample
A Correlation
Between
New Jersey Academic Standards
and
JA Finance Park™ Curriculum
October 2008
JA Worldwide™
One Education Way
Colorado Springs, CO 80906
1
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
2
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)
3
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
4
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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