A Correlation Between the

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A Correlation Between the Powered By Docstoc
					         A Correlation Between the
Texas Essential Knowledge and Skills (TEKS)
         and JA Banks in Action™




                                               May 2007

                                          JA Worldwide™
                                       One Education Way
                               Colorado Springs, CO 80906
                                           Overview

In this document, the JA Banks in Action program is correlated to the Texas Essential Knowledge
and Skills (TEKS) for Economics with Emphasis on the Free Enterprise System and Its Benefits,
Banking and Financial Systems, Introduction to Business, and Mathematical Models with
Applications. The standards are located on the Texas Department of Education website,
www.tea.state.tx.us/teks/.

This list is not meant to be exhaustive or intended to infer that a resource will completely address
any given standard, but is designed to show how it will enhance or complement efforts to do so.

JA Banks in Action teaches high school students the principles of the banking industry and
introduces them to the challenges of successfully operating a bank in a competitive environment.
Students also examine the features of banking products and services so they, as consumers, can
take advantage of them, and evaluate potential career opportunities in banking.
                                        JA Banks in Action

    Texas Essential Knowledge and Skills                                  JA Banks in Action

       Economics with Emphasis on the Free Enterprise System and Its Benefits

(1) Citizenship. The student understands the               Long-Term Opportunity—Students determine the
rights and responsibilities of consumers in the            best banking products for a variety of consumer
U.S. free enterprise system.                               scenarios; and consider capacity, character, and
(A) analyze the economic rights and responsibilities       collateral when deciding whether or not to approve
of individuals as consumers.                               or deny a loan application.
(B) analyze the consequences of an economic
decision made by an individual consumer.


(2) Citizenship. The student understands the               Throughout the program, students learn about the
rights and responsibilities of businesses in the           responsibilities of a banking business, the business
U.S. free enterprise system.                               decisions that must be made by banks and the
(A) analyze the economic rights and responsibilities       potential consequences of those decisions, and how
of businesses.                                             banks must meet reserve requirements set by the
(B) analyze the consequences of an economic                central bank.
decision made by a business.
(D) identify and evaluate ordinances and regulations
that apply to the establishment of various types of
businesses.


(4) Economics. The student understands the                 Throughout the program, students learn basic
basic principles of the U.S. free enterprise               principles of free enterprise including profit motive,
system.                                                    competition, marketing, and investment. They make
(A) explain the basic principles of the U.S. free          decisions about short-term and long-term deposit
enterprise system, including profit motive,                and loan rates, analyze research and development
voluntary exchange, private property rights, and           decisions, and examine the importance of marketing
competition.                                               and market research to their businesses as they
                                                           compete in a computer-based banking simulation.


(8) Economics. The student understands the role            Throughout the program, students learn how banks
of financial institutions in saving, investing, and        operate and identify the features of various banking
borrowing.                                                 products and services. Topics covered include the
(A) explain the functions of financial institutions        history of banking, how banks earn profits, short-
and how the role of financial institutions has             term deposit and loan products, long-term deposit
changed over time.                                         and loan products, the role of the central bank, the
(B) analyze how financial institutions affect              three C's of credit, the importance of research and
households and businesses.                                 development and market research to a banking
                                                           business, and career opportunities in the banking
                                                           industry.




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    Texas Essential Knowledge and Skills                                   JA Banks in Action


(11) Economics. The student understands the                 Long-Term Opportunity—Students determine the
basic concepts of consumer economics.                       best banking products for a variety of consumer
(A) analyze the factors involved in the process of          scenarios; and consider capacity, character, and
acquiring consumer goods and services, including            collateral when deciding whether or not to approve
credit, interest, and insurance.                            or deny a loan application.
(B) compare different means by which savings can
be invested and the risks and rewards each poses to
the consumer.


(15) Government. The student understands the                Long-Term Opportunity—Students learn about the
role that the government plays in the U.S. free             role of the central bank in an economy and how the
enterprise system.                                          central bank uses interest rates and reserve
 (B) evaluate government rules and regulations in           requirements in setting monetary policy.
the U.S. free enterprise system.


(18) Government. The student understands the                Long-Term Opportunity—Students learn about the
role of the Federal Reserve System in                       role of the central bank in an economy and how the
establishing monetary policy.                               central bank uses interest rates and reserve
(B) analyze the three basic tools used to implement         requirements in setting monetary policy.
U.S. monetary policy.


(23) Social studies skills. The student applies             Throughout the program, students analyze
critical-thinking skills to organize and use                information; make predictions; draw conclusions;
information acquired from a variety of sources              analyze tables, and graphs of economic data;
including electronic technology.                            perform mathematical computations; participate in
(A) analyze information by sequencing,                      group discussions and activities; propose solutions
categorizing, identifying cause-and-effect                  and explain their reasoning as they learn about the
relationships, comparing, contrasting, finding the          challenges of successfully operating a bank in a
main idea, summarizing, making generalizations              competitive environment.
and predictions, and drawing inferences and
conclusions.
 (D) explain a point of view on an economic issue.
(F) evaluate economic-activity patterns using charts,
tables, graphs, and maps.
(G) use appropriate mathematical skills to interpret
social studies information.




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    Texas Essential Knowledge and Skills                                    JA Banks in Action


(24). Social studies skills. The student                     Throughout the program, students communicate in
communicates in written, oral, and visual forms.             written, oral, and visual forms. Examples include
(A) use social studies terminology correctly.                participating in group discussions, making oral
(B) use standard grammar, spelling, sentence                 presentations, developing a marketing plan for a
structure, and punctuation.                                  business, making presentations designed to secure
(C) transfer information from one medium to                  capital investment, and creating and interpreting
another including written to visual and statistical to       graphs of economic data.
written or visual using computer software as
appropriate.
(D) create written, oral, and visual presentations of
social studies information.


(25) Social studies skills. The student uses                 Throughout the program, students use problem-
problem-solving and decision-making skills,                  solving skills and make decisions about savings and
working independently and with others, in a                  credit rates, loan rates, marketing, and research and
variety of settings.                                         development as they learn about the challenges of
(A) use a problem-solving process to identify a              successfully operating a bank in a competitive
problem, gather information, list and consider               environment.
options, consider advantages and disadvantages,
choose and implement a solution, and evaluate the
effectiveness of the solution.
(B) use a decision-making process to identify a
situation that requires a decision, gather
information, identify options, predict consequences,
and take action to implement a decision.

                                   Banking and Financial Systems

(1) The student evaluates the role of money in the           The Building Blocks of Banking—Students watch a
modern economy.                                              video that reviews the history of money and banking
(A) outline the history of money and banking in the          from very early times to the present.
United States economy.
(D) explain the operation of the Federal Reserve             Long-Term Opportunity—Students learn about the
Bank and its role in the economy.                            role of the central bank in an economy and how the
                                                             central bank uses interest rates and reserve
                                                             requirements in setting monetary policy.


(2) The student identifies the principal functions           The Spread—Students learn about short-term loan
of financial institutions.                                   and deposit products and the risks a bank takes to
(B) analyze the process of credit creation and its           offers these products.
impact on a single financial institution and on the
banking system as a whole.                                   Decide on Short-Term Products—Students adjust
 (D) critique the methods of credit investigation and        short-term deposit and loan rates for their bank
the concepts related to the use of credit analysis.          businesses as they compete in a computer-based
                                                             banking competition.




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    Texas Essential Knowledge and Skills                                   JA Banks in Action


(continued)                                                 Long-Term Opportunity—Students learn about long-
(2) The student identifies the principal functions          term loan and deposit products. They determine the
of financial institutions.                                  best banking products for a variety of consumer
(B) analyze the process of credit creation and its          scenarios, and use the three C's of credit to
impact on a single financial institution and on the         determine whether or not to approve a loan.
banking system as a whole.
 (D) critique the methods of credit investigation and       Decide on Long-Term Products— Students adjust
the concepts related to the use of credit analysis.         long-term deposit and loan rates for their bank
                                                            businesses as they compete in a computer-based
                                                            banking competition.

                                                            The Competition-Bank of Choice—Students adjust
                                                            short- and long-term deposit and loan rates and
                                                            make research and development and marketing
                                                            decisions as they compete in a computer-based
                                                            banking competition.


(6) The student identifies the economic theories            The Building Blocks of Banking, Optional Activity—
and financial forces that influence international           Students learn that foreign currency exchange is a
business.                                                   valuable service a bank can provide to its
(A) read and interpret foreign exchange quotations.         customers. They practice making foreign currency
(B) describe factors that impact foreign exchange           exchange calculations.
rates.

                                       Introduction to Business

(3) The student researches consumer issues and              Long-Term Opportunity—Students determine the
determines financial implications for the                   best banking products for a variety of consumer
individual.                                                 scenarios; and consider capacity, character, and
(B) interpret and explain the rights and                    collateral when deciding whether or not to approve
responsibilities of the consumer.                           or deny a loan application.
(C) research and present major financial issues for
the individual, for example, money management,
banking system and services, saving and investing,
credit, taxes, and paychecks.


(4) The student analyzes employment                         Behind The Scenes—Students analyze a variety of
characteristics necessary for the workplace.                banking job descriptions, identify skills that are
(A) assess the job market and employment and                necessary for most careers, and discuss ways they
entrepreneurial opportunities.                              can invest in their own human capital.


(11) The student identifies the role and impact of          Long-Term Opportunity—Students learn about the
government, the legal system, and organized                 role of the central bank in an economy and how the
labor in business.                                          central bank uses interest rates and reserve
 (B) describe types of activities performed by              requirements in setting monetary policy.
governments in business.




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    Texas Essential Knowledge and Skills                                   JA Banks in Action

                            Mathematical Models with Applications

(1) The student uses a variety of strategies and            Throughout the program, students use mathematical
approaches to solve both routine and non-routine            strategies and problem-solving skills to make
problems.                                                   decisions about savings and credit rates, loan rates,
(A) compare and analyze various methods for                 marketing, and research and development as they
solving a real-life problem.                                learn about the challenges of successfully operating
(B) use multiple approaches (algebraic, graphical, or       a bank in a competitive environment.
geometric methods) to solve problems from a
variety of disciplines.
(C) select a method to solve a problem, defend the
method, and justify the reasonableness of the
results.


(2) The student uses graphical and numerical                Throughout the program, students analyze and
techniques to study patterns and analyze data.              interpret numerical information from charts and
(A) interpret information from various graphs,              graphs to make decisions about savings and credit
including line graphs, bar graphs, circle graphs,           rates, loan rates, marketing, and research and
histograms, and scatterplots to draw conclusions            development as they learn about the challenges of
from the data.                                              successfully operating a bank in a competitive
(B)analyze numerical data using measures of central         environment.
tendency, variability, and correlation in order to
make inferences.


(8) The student uses algebraic and geometric                Throughout the program, students analyze and
models to describe situations and solve problems.           interpret numerical information from charts and
(A) use geometric models available through                  graphs to make decisions about savings and credit
technology to model growth and decay (such as               rates, loan rates, marketing, and research and
population, biology, and ecology).                          development as they learn about the challenges of
                                                            successfully operating a bank in a competitive
                                                            environment.




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