Bslf presentation 2007

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Bslf presentation 2007

  1. 1. Using The World is Flat and Rich Dad, Poor Dad to Teach International Finance and Financial Planning Presented by the Academy of Finance at The Bronx School of Law and Finance
  2. 2. Agenda <ul><li>Introduction </li></ul><ul><li>Objectives of using literature in finance classes </li></ul><ul><li>The World is Flat in International Finance </li></ul><ul><li>Rich Dad, Poor Dad in Financial Planning </li></ul><ul><li>Student Experience </li></ul><ul><li>Teacher Experience </li></ul>
  3. 3. The Bronx School of Law and Finance <ul><li>Located in the Bronx, New York </li></ul><ul><li>400 students </li></ul><ul><li>First graduating class this year </li></ul><ul><li>Academy of Finance is in its third year </li></ul><ul><li>International Finance and Personal Financial Planning are required courses for all Finance seniors </li></ul>
  4. 4. Who are we? <ul><li>Lena Borst, Academy of Finance Coordinator and teacher of International Finance </li></ul><ul><li>Shok Dylon, Teacher of Personal Financial Planning </li></ul><ul><li>Marjie Martinez, Recent graduate </li></ul><ul><li>Ana Merditaj , Recent graduate </li></ul>
  5. 5. Objectives of Using Literature <ul><li>To increase vocabulary and literacy skills </li></ul><ul><li>To prepare students for post-secondary education; literature is often used as the major source of information </li></ul><ul><li>To apply real world/life events and perspectives to the concepts learned in class </li></ul><ul><li>To encourage students to read current literature and question the author’s perspective to create their own viewpoints </li></ul><ul><li>To teach students how to use literature as a tool to be life-long learners </li></ul>
  6. 6. International Finance Curriculum <ul><li>Integrated curriculum: serves as both final semester of Global History and International Finance </li></ul><ul><li>The World is Flat serves as textbook </li></ul><ul><li>Assigned a country and participated in a global trade summit </li></ul><ul><li>Focus on global economy and the role of the students in it </li></ul>
  7. 7. The World is Flat by Thomas Friedman <ul><li>How the world became flat </li></ul><ul><li>How the flat world impacts America, developing nations, and corporations </li></ul><ul><li>The unflat world </li></ul><ul><li>How the flat world impacts us </li></ul>
  8. 8. Activities Used to Teach The World is Flat <ul><li>Group work </li></ul><ul><li>Role playing </li></ul><ul><ul><li>Consultants to Presidents, CEOs, and Prime Ministers </li></ul></ul><ul><li>Silent Conversations </li></ul><ul><li>Predicting the next chapter </li></ul>
  9. 9. Personal Financial Planning Curriculum <ul><li>Budgets </li></ul><ul><li>Expenses </li></ul><ul><li>Financial literacy (Ex: Assets vs. Liabilities) </li></ul><ul><li>Investments: Having money work for you rather than working for money </li></ul><ul><li>Current Events </li></ul><ul><li>Used Rich Dad, Poor Dad as textbook </li></ul><ul><li>Taxes </li></ul><ul><li>Cash Flow Game </li></ul>
  10. 10. Rich Dad, Poor Dad by Robert Kiyosaki with Sharon Lechter <ul><li>Importance of being financially literate </li></ul><ul><li>Mind of the poor vs. mind of the rich </li></ul><ul><li>Using investment skills to have money work for you </li></ul><ul><li>Getting out of the rat race </li></ul><ul><li>Power of taxes (1031) </li></ul>
  11. 11. Activities Used to Teach Rich Dad, Poor Dad <ul><li>Daily tracking of expenses and income </li></ul><ul><li>Researching sources of personal financial planning literature </li></ul><ul><li>Seminars </li></ul><ul><li>On-line research </li></ul><ul><li>http://richdadpoordad.com/ </li></ul><ul><li>http://www.wealthbasecamp.com/ </li></ul><ul><li>Cash Flow Game </li></ul>
  12. 12. Student Experience The World is Flat <ul><li>Successes </li></ul><ul><li>Challenges </li></ul><ul><li>How I’ll use this in the future </li></ul>
  13. 13. Student Experience Rich Dad, Poor Dad <ul><li>Successes </li></ul><ul><li>Challenges </li></ul><ul><li>How I’ll use this in the future </li></ul>
  14. 14. Teacher Experience The World is Flat <ul><li>Preparation </li></ul><ul><li>Successes </li></ul><ul><li>Challenges </li></ul>
  15. 15. Student Experience Rich Dad, Poor Dad <ul><li>Preparation </li></ul><ul><li>Successes </li></ul><ul><li>Challenges </li></ul>
  16. 16. Questions

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