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  1. 1. EASTON PUBLIC SCHOOLS OLIVER AMES HIGH SCHOOL COURSE 533 Business and Personal Finance BUSINESS TECHNOLOGY DEPARTMENT Cathy Harp, Business Technology Department Chair Written by: Gordon O’Connell
  2. 2. EASTON PUBLIC SCHOOLS BUSINESS TECHNOLOGY PROGRAM 9-12 533 BUSINESS AND PERSONAL FINANCE TABLE OF CONTENTS I. Forward II. EPS Philosophy Statement III. EPS Vision Statement 1 EPS Strategic Goals 1 IV. Oliver Ames High School Mission Statement Oliver Ames High School Strategic Goals Oliver Ames High School Academic Expectations Oliver Ames High School Social/Civic Expectations V. Curricular Connections 5 VI. Business Technology Philosophy and Goals 6 VII. 533 Business and Personal Finance Curriculum Outline 1. Planning Personal Finances: Personal Financial Planning 2. Planning Personal Finances: Finances and Career Planning 3. Planning Personal Finances: Money Management Strategy 4. Planning Personal Finances: Consumer Purchasing and Protection 5. Banking and Credit: Banking 6. Banking and Credit: Consumer Credit 7. Banking and Credit: The Finances of Housing 8. Investing Financial Resources: Saving and Investing 9. Investing Financial Resources: Stocks 10. Investing Financial Resources: Bonds and Mutual Funds 11. Investing Financial Resources: Real Estate and Other Investments 12. Protecting Your Finances: Planning Your Tax Strategy 13. Protecting Your Finances: Home and Motor Vehicle Insurance 14. Protecting Your Finances: Health, Disability, and Life Insurance 15. Protecting Your Finances: Retirement and Estate Planning VIII. APPENDIX C – Learning Strategies 56 IX. APPENDIX XXX - Assessments XII. APPENDIX F – Glossary of Terms 94 XIII. APPENDIX XX Instructional Materials, Media, and Equipment 108 XIV. APPENDIX H – Community Resources 109 XV. APPENDIX I – Interdisciplinary Connections 110 XVI. APPENDIX D - Rubrics XVI. APPENDIX J – Technological Applications 111 XVII. APPENDIX K – References State & National Standards 112
  3. 3. XVIII. XX.APPENDIXM – Internet Acceptable Use Policy 11 XIX. APPENDIX XXX – Acknowledgements
  4. 4. table of contents link Forward June 2009 As of this writing, the American and World Economies are in the largest upheaval since the Great Depression. The largest economic bailout program in history has recently been passed by the United States Congress and is currently at the earliest stages of implementation. Economists are calling for a return to traditional economic values, and they are calling on everyone from the average citizen to the Wall Street CEO to the Government of the United States to join together towards the goal of building an economic “House of Bricks” to replace the current economic “House of Cards”. Surprisingly, the formula is very simple. Don’t spend money that you don’t have. Differentiate between needs and wants, and make sure that basic economic needs are taken care of well before giving in to the urge to indulge wants. Create a sound financial plan, and follow it. The curriculum for this course, Business and Personal Finance, is designed to present the basic concepts of finance in a form that the High School student can comprehend and apply to their daily lives, now and in the future. Many students will vote for the first time this year, and this course also contributes to achieving a basic goal of helping to create an informed citizenry that can make reasoned decisions concerning economic policy. table of contents link Easton Public Schools Philosophy Statement Recognizing that each child is unique, the Easton Public Schools strives: to provide a coordinated and integrated instructional program; to nurture intellectual and academic capabilities; to promote physical development; to stimulate creativity and aesthetic awareness; to encourage participatory learning; to foster an understanding that learning is a lifelong process; and, to develop positive attitudes which can lead to being a responsible member of a global society. Utilizing a variety of instructional approaches, each individual is encouraged to maximize his or her potential and thus develop a positive sense of his or her own self worth. Recognizing the changing structure of family and society, the Easton Public Schools accepts its responsibility to create a safe, nurturing educational environment. The school system views community support and involvement as an integral component of the educational process.
  5. 5. table of contents link Easton Public Schools Vision The Easton Public School System educates children to become motivated, lifelong learners who, as confident and creative individuals, function to their full potential, understand and value individual differences, and are contributing members of their community, able to meet the challenges of a global society. table of contents link Easton Public Schools 2008-2010 Strategic Goals Goal 1 - Student Achievement All students are held to high expectations and standards through engagement in programs that are designed to maximize student performance. Goal 2 - Student Achievement All students regularly receive progress assessments that use appropriate instruments, are conducted according to specific timelines, and that cover appropriate content areas to determine their instructional needs. Goal 3 - Educator Effectiveness Educators design and use coordinated curriculum units that integrate technology, the community, the work place, the state’s curriculum frameworks, and an authentic system of assessment; where appropriate, curriculum units incorporate the arts, cooperative learning, and interdisciplinary projects. Goal 4 - Educator Effectiveness Educators are afforded optimal time to investigate current trends and approaches, necessary resources to access state-of-the-art teaching practices, and sufficient flexibility to regularly communicate with fellow educators. Goal 5 - School Effectiveness The community is informed about the successes and challenges of the schools, has opportunities for involvement in school activities, and regards itself as a full partner in collaborative enterprise of education.
  6. 6. table of contents link Oliver Ames High School Mission Statement The Oliver Ames High School community of faculty, staff, students, parents, and residents believe that in order to fulfill its mission of excellence and equity in education, we must embody the ideals of a comprehensive high school. To that end, we will work together to create a safe, nurturing, and stimulating learning environment. Students will become skillful learners and independent thinkers who contribute in many ways to our ever changing world. We recognize the need for a variety of learning experiences that extend beyond the classroom and promote individual responsibility and respectful interaction. By achieving goals and overcoming adversity, students will be encouraged to reach their potential and be prepared to assume meaningful roles in society. table of contents link Oliver Ames High School Academic Expectations OA students will ACCESS information in a variety of ways, including: A.1 actively and critically reading, listening and observing A.2 asking appropriate questions. A.3 conducting independent research. A.4 using appropriate technologies to locate and retrieve information. OA student will PROCESS information in a variety of ways, including: P.1 assimilating and organizing information. P.2 recognizing patterns, evaluating trends, and comparisons. P.3 drawing interferences and making conclusions. P.4 creating and designing unique conclusions to problems and challenges. P.5 applying appropriate form and technique for performance tasks. OA students will COMMUNICATE information in a variety of ways including: C.1 doing, Writing, and Speaking clearly and purposefully for a variety of audiences. C.2 presenting creative products in a variety of formats. C.3 using technology to present information. C.4 demonstrating various forms of physical expression that promote individual and group success in activity settings.
  7. 7. table of contents link Oliver Ames High School Social/Civic Expectations for Learning OA students will ACT RESPONSIBLY for themselves and others in a variety of ways, including: SC.1 Working cooperatively SC.2 Respecting the democratic process SC.3 Participating in the school and community OA students will ACT RESPECTFULLY to themselves and others in a variety of ways including: SC.4 Interacting appropriately with all members of the school and community SC.5 Honoring school policies and procedures SC.6 understanding and demonstrating academic integrity
  8. 8. table of contents link EPS Business Technology Program CURRRICULUM CONNECTIONS Business Technology curricula, as does all curricula in the Easton Public Schools, demonstrates connections to the system wide Mission and Strategic Goals. In addition, high school curricula is connected to the Oliver Ames High School Mission Statement and the academic and social/civic expectations as stated in the current School Improvement Plan. The philosophical base for curriculum has moved from a traditional academic paradigm of teaching and learning to a more constructionist mode which corresponds to standard-driven curriculum and instruction. Active learning about our national and global connections and responsibilities is vital to an in depth understanding and retention of a quite complex knowledge. The Business Technology Department’s philosophy strives to create a real world environment. The state’s Business Technology framework standards inform the goals for each area of content (knowledge, skills). The department is moving toward greater use of performance assessments, while sustaining some of the traditional assessments that provide connections across the curriculum. We maintain both horizontal and vertical achievements (of skills) through this curriculum guide, its implementation, and forms of evaluation.
  9. 9. The development of curriculum is a process that involves and acknowledges the links between the mission and strategic goals of the school system and those of the school and the department; while the Massachusetts Curriculum Framework Standards drives curriculum design and delivery. However, the mission of the district, and the schools, is to design and deliver a broader based curriculum using state framework standards as a guide. It is ultimately the delivery of curriculum, as designed by our professional teachers, that promotes and drives student learning. Curriculum and instruction, then, are the guide for student learning. A curriculum guide is a dynamic document because knowledge and skills are rapidly changing; and each teacher’s knowledge expectations often vary. It is our responsibility as educators to incorporate changes as they become known and to update our current knowledge base. It is each teacher’s responsibility to use this guide to inform and facilitate delivery.
  10. 10. table of contents link EPS Business Technology Program 9-12 Philosophy The Business Technology Department believes that mastering automated accounting applications and developing an appreciation and understanding of new technologies are fundamental prerequisites for life in the "Information Age”. In this ever-changing informational age, students will be able to use their manual and automated accounting skills for personal use, college, the working world and beyond. Goals • to develop the necessary analytical tools for addressing and applying accounting issues and cycles, both personal, societal, real-world and hypothetical • to develop the ability to formulate questions about accounting systems and concepts to seek answers from observations and interpretations using manual and computerized systems for businesses • to develop the students capacities for problem solving and critical thinking in all areas of analysis and present value concepts to make decisions • to encourage an awareness of the nature and scope of a wide variety of accounting related careers open to students • to foster technological knowledge necessary for advanced study by students who are likely to a profession in the area of computerized accounting • to provide a laboratory setting that will promote and encourage students to explore, to discover and experiment • to develop teamwork concepts and strategies which better prepare students for personal financial and accounting activities in the work environment • to develop a sense of pride and contribution in the educational setting
  11. 11. table of contents link EASTON PUBLIC SCHOOLS CURRICULUM OUTLINE 1) Planning Personal Finances: Personal Financial Planning Financial Decisions and Goals Opportunity Costs and Strategies a) Content standard(s): Use a rational decision-making process as it applies to the roles of citizens, workers, and consumers i) Concepts: (1) Define and give examples of financial wants and needs (p.63) (2) Apply opportunity costs and trade-offs to personal decision making (p.63) (3) Apply the steps in a rational decision making process to a situation involving an economic decision by an individual (p.63) (4) Recognize an assume responsibility for the consequences of economic choices (p.63) (5) Differentiate between types of decisions and identify those for which a formal decision-making process should be used (p.63) (6) Apple the decision-making process to various types of decisions at different stages of the life cycle (p.63) b) Skills i) Allocating Time, Allocating Money c) Sample activities i) Math-Building Skills: Tracking Income and Expenses (income and expenses.xls) ii) Getting Your Own Wheels: Students create a Microsoft Excel spreadsheet in order to record and analyze data related to buying a car d) Technology i) Microsoft Excel Spreadsheet, Internet Research table of contents link 2) Planning Personal Finances: Finances and Career Planning Planning Your Career Employment and Career Development a) Content standard(s): Identify various forms of income and analyze factors that affect income as a part of the career decision-making process (p.63) i) Concepts: (1) Identify various ways people earn a living (p.63) (2) Differentiate between earned and unearned income (p.63) (3) Distinguish between income and wealth (p.63) (4) Explain taxes and how they affect purchasing power (p.63) (5) Explain how types and availability of jobs are determined primarily by consumer demand on the market-oriented economy of the United States (p.63) (6) Discuss how personal choices, experiences, technology education/training, and other factors correlate with earning a living (p.63) (7) Analyze the characteristics and requirements of occupations of interest, including entrepreneurial opportunities
  12. 12. (8) Differentiate between gross and net income (p.63) (9) Identify benefits as a component of total income (p.63) b) Skills i) Allocating Money c) Sample activities i) Evaluating Possible Career Choices ii) Analyze Your Career Goals d) Technology i) Web Links (1) http://www.accountingsolver.com/wealth-income table of contents link 3) Planning Personal Finances: Money Management Strategy Organizing Financial Records Personal Financial Statements Budgeting for Financial Goals a) Content standard(s): Develop and evaluate a spending/savings plan. (p.64) i) Concepts: (1) Identify various sources of money for personal spending (p.64) (2) Construct and use a personal spending/savings plan and evaluate it according to short- and long-term goals (p.64) (3) Identify ways in which individuals and families obtain financial resources (p.64) (4) Categorize expenses as fixed or variable (p.64) (5) Classify periodic expenses as fixed or variable (p.64) (6) Determine discretionary income in a spending plan (p.64) (7) Describe how income and spending patterns change throughout the life cycle for the typical person and family (p.64) b) Skills i) Allocating time, Allocating Money c) Sample activities i) Preparing a Handout for Younger Students ii) Evaluate Personal Financial Statements d) Technology i) Web Links (1) http://financialliteracymonth.com/30Steps/Step20.aspx table of contents link 4) Planning Personal Finances: Consumer Purchasing and Protection Consumer Purchasing Resolving Consumer Complaints a) Content standard(s): Apply a decision-making model to maximize consumer satisfaction when buying goods and services. (p.65) i) Concepts: (1) Apply a rational decision-making process to personal buying decisions (p.65) (2) Identify goods and services and distinguish between the two (p.65) (3) Apply comparison shopping practices (p.65) (4) Identify alternative sources for purchases (e.g. e-malls, retail stores, and catalogs) (p.65)
  13. 13. (5) Recognize that laws are available to protect the rights of the consumer (p.65) (6) Discuss various ways competition helps the consumer (p.65) (7) Describe reasons why there are variances in price for a given item bought from different providers (p.65) (8) Use reliable consumer resources to collect information for making buying decisions about durable and nondurable goods (9) Describe the rights and responsibilities of consumers and five an example of each (10)Identify the advantages and disadvantages of b) Skills i) Allocating Money c) Sample activities i) Comparison Shopping: Using a Research Based Approach to Buying a Flat Panel Television ii) Factors to Consider in Deciding When to Use Cash or Credit d) Technology i) Web Link: https://www.aier.org/ table of contents link 5) Banking and Credit: Banking Financial Services and Institutions Savings Plans and Payment Methods a) Content standard(s): Evaluate savings and investment options to meet short- and long- term goals. (p.64) i) Concepts: (1) Describe how and why people save (p.64) (2) Identify the opportunity cost of saving (p.64) (3) Differentiate between saving and investing (p.64) (4) Distinguish between simple and compound interest (p.64) (5) Describe the advantages and disadvantages of different savings plans (p.64) (6) Describe how financial institutions use deposit funds (7) Identify the risk/return trade-offs for saving and investing (8) Analyze the power of compounding and the importance of starting early in implementing a plan of saving and investing (9) Examine the role of savings and investing in creating a financial plan (p.64) (10)Develop financial goals for the future based on one’s lifestyle expectations and career choices (p.64) b) Skills i) Allocating Money c) Sample activities i) Interview Relatives About Banking Choices ii) Saving for College d) Technology i) Web Link: Business Week Online: A Savings Crisis? Maybe Not http://glencoe.mcgraw- hill.com/sites/0078687128/student_view0/unit2/chapter5/businessweek_online.html table of contents link 6) Banking and Credit: Consumer Credit
  14. 14. What Is Consumer Credit? The Costs and Methods of Obtaining Credit Protecting Your Credit Managing Your Debts a) Content standard(s): Analyze factors the affect the choice of credit, the cost of credit, and the legal aspects of using credit. (p.66) i) Concepts: (1) Explain when and why borrowing is used for the purchase of goods and services (p.66) (2) Describe the risks and responsibilities associated with using credit (p.66) (3) Identify the opportunity cost of credit (p.66) (4) Identify methods of establishing and maintaining a good credit rating (p.66) (5) Determine the advantages and disadvantages of credit (p.66) (6) Define interest as a cost of credit and explain why it is charged (p.66) (7) Identify the various types of credit including the different types of credit cards (p.66) (8) Explain why the amount of principal, the period of the loan, and the interest rate affect the amount of interest charged (p.66) (9) Explain why the interest rate varies with the amount of assumed risk (p.66) (10)Analyze various sources and types of credit (e.g. short- and long-term) and related costs (p.66) (11)Select an appropriate form of credit for a particular buying decision (p.66) (12)Compare and contrast the various aspects of credit cards (e.g. APR, grace period, incentive buying, methods of calculating interest, and fees) (p.66) (13)Explain credit ratings and credit reports and describe why they are important to consumers (p.66) (14)Describe the relationship between a credit rating and the cost of credit (p.66) (15)Recognize the signals of credit problems (p.66) (16)Analyze the advantages and disadvantages of various alternatives for resolving credit problems (p.66) (17)Research rights and responsibilities of consumers according to credit legislation (e.g. truth-in-lending, fair credit reporting, equal credit opportunity, and fair debt collection) (p.66) (18)Describe legal and illegal types of credit that carry high interest rates(e.g. payday loans, rent-to-buy agreements, and loan sharking) b) Skills i) Allocating Money, c) Sample activities i) Obtaining an Inexpensive Loan ii) Critically Evaluating Credit Card Offers d) Technology i) Excel Spreadsheet Activity: Calculating the Total Cost of a Financed Purchase Table of contents link 7) Banking and Credit: The Finances of Housing Housing options Renting a Residence
  15. 15. Buying and Selling a Home a) Content standard(s): Analyze factors the affect the choice of credit, the cost of credit, and the legal aspects of using credit. (p.66) i) Concepts: (1) Describe the risks and responsibilities associated with using credit (p.66) (2) Define interest as a cost of credit and explain why it is charged (p.66) (3) Explain why the amount of principal, the period of the loan, and the interest rate affect the amount of interest charged (p.66) (4) Explain why the interest rate varies with the amount of assumed risk (p.66) (5) Explain credit ratings and credit reports and describe why they are important to consumers (p.66) (6) Describe the relationship between a credit rating and the cost of credit (p.66) (7) Recognize the signals of credit problems (p.66) (8) Analyze the advantages and disadvantages of various alternatives for resolving credit problems (p.66) (9) Research rights and responsibilities of consumers according to credit legislation (e.g. truth-in-lending, fair credit reporting, equal credit opportunity, and fair debt collection) (p.66) b) Skills i) Concepts: (1) Allocation of Resources (2) The Role of Government (3) International Economic Concepts (4) Personal Decision Making (5) Earning a Living (6) Managing Finances and Budgeting (7) Buying Goods and Services (8) Using Credit (9) Protecting Against Risk c) Skills i) Allocating Money d) Sample activities i) Students use the internet to find an apartment lease, and then analyze the key elements contained therein. ii) Students use the internet to find an apartment and a house with comparable monthly payments, and then weigh the pros and cons of each. The focus will be on which option is a better investment in the short run, and which an investment in the long run is. iii) Students construct a spreadsheet in Microsoft Excel that allows them to compare three mortgage opportunities from three different lenders. Data on mortgage rates, points, closing costs, down payment options, and monthly payments are compiled and analyzed. e) Vocabulary f) Technology i) Excel Spreadsheet Activity: Comparing Housing Alternatives Table of contents link
  16. 16. 8) Investing Financial Resources: Saving and Investing Preparing for a Savings or Investment Program Savings and Investment Options Reducing Risk and Sources of Information a) Content standard(s) i) Concepts: (1) Allocation of Resources (2) Economic Institutions and Incentives (3) Market Structures (4) The Role of Government (5) International Economic Concepts (6) Aggregate Supply and Aggregate Demand (7) Personal Decision Making (8) Earning a Living (9) Saving and Investing b) Skills i) Allocating Money c) Sample activities (1) Examining Investment Performance (2) Researching Investments d) Technology i) Comparing rates on the Internet: http://www.bankrate.com Table of contents link 9) Investing Financial Resources: Stocks Common and Preferred Stocks Evaluating Stocks Buying and Selling Stocks a) Content standard(s) i) Concepts: (1) Allocation of Resources (2) Economic Systems (3) Economic Institutions and Incentives (4) Market Structures (5) The Role of Government (6) International Economic Concepts (7) Personal Decision Making (8) Earning a Living (9) Saving and Investing b) Skills i) Allocating Money c) Sample activities i) Factors Affecting Stock Prices ii) Evaluating Stock d) Technology i) Internet Activity: Charting the Performance of an Investment on Bloomberg.com (http://www.bloomberg.com/?b=0&Intro=intro3)
  17. 17. Table of contents link 10) Investing Financial Resources: Bonds and Mutual Funds Corporate and Government Bonds Investing in Bonds Investing in Mutual Funds a) Content standard(s) i) Concepts: (1) Allocation of Resources (2) Economic Institutions and Incentives (3) The Role of Government (4) International Economic Concepts (5) Personal Decision Making (6) Earning a Living (7) Saving and Investing b) Skills i) Allocating Money c) Sample activities (1) Creating a Checklist for Evaluating a Bond (2) Analyzing Mutual Funds ii) Internet Activity: Charting the Performance of a Mutual Fund on Bloomberg.com (http://www.bloomberg.com/markets/mutualfunds/index.html) Table of contents link 11) Investing Financial Resources: Real Estate and Other Investments Real Estate Investment Precious Metals, Gems, and Collectibles a) Content standard(s) i) Concepts: (1) Allocation of Resources (2) Economic Systems (3) Economic Institutions and Incentives (4) Market Structures (5) The Role of Government (6) International Economic Concepts (7) Personal Decision Making (8) Earning a Living (9) Saving and Investing (10)Buying Goods and Services (11)Banking b) Skills i) Allocating Money c) Sample activities i) Financial Risks and Opportunities in Collecting ii) Analyzing the Return on a Real Estate Investment d) Technology i) Software Activity: Choosing Investment Alternatives
  18. 18. Table of contents link 12) Protecting Your Finances: Planning Your Tax Strategy Income Tax Fundamentals Preparing an Income Tax Return Tax Assistance and Strategies a) Content standard(s) (1) Allocation of Resources (2) Economic Systems (3) Economic Institutions and Incentives (4) The Role of Government (5) International Economic Concepts (6) Personal Decision Making (7) Earning a Living (8) Saving and Investing (9) Buying Goods and Services b) Skills i) Allocating Money c) Sample activities i) Filling Out Form 1040EZ ii) Knowing Where to Look (and where not to look) for Tax Information d) Technology i) Filing Taxes Electronically: http://www.irs.gov Table of contents link 13)Protecting Your Finances: Home and Motor Vehicle Insurance Insurance and Risk Management Home and Property Insurance Motor Vehicle Insurance a) Content standard(s): Analyze choices available to consumers for protection against risk and financial loss i) Concepts: (1) Identify risks in life and how to gain protection against the consequences of risk (2) Explain how all types of insurance are based on the concept of risk sharing and statistical probability (3) Identify the types of insurance associated with different types of risk (e.g., automobile, personal and professional liability, home and apartment, health, life, long-term care, disability) (4) Explain why insurance needs change throughout the life cycle (5) Identify various suppliers of insurance (e.g., public and private) b) Skills i) Allocating Money c) Sample activities i) Choosing a Vehicle with Insurance in Mind ii) Comparing Two Insurance Quotes d) Technology i) Software Activity: Evaluating Home and Motor Vehicle Insurance Policy Coverage Table of contents link
  19. 19. 14) Protecting Your Finances: Health, Disability, and Life Insurance Health Insurance and Financial Planning Private and Government Plans Disability Insurance Life Insurance a) Content standard(s) i) Analyze choices available to consumers for protection against risk and financial loss. (p.66) ii) Concepts: (1) Identify risks in life and how to gain protection against the consequences of risk (p.66) (2) Explain how all types of insurance are based on the concept of risk sharing and statistical probability (p.67) (3) Identify the type of insurance associated with different types of risk (e.g. automobile, personal and professional liability, home and apartment, health, life, long term care, disability) (p.67) (4) Explain why insurance needs change throughout the life cycle (5) Identify various suppliers of insurance (e.g., public and private) b) Skills i) Allocating Money c) Sample activities i) Analyzing Types of Insurance ii) Comparing Health Insurance Plans d) Technology i) Software Activity: Comparing POS, HMO, and Private Insurance Coverages Table of contents link 15) Protecting Your Finances: Retirement and Estate Planning Retirement Planning Planning Retirement Income Estate Planning and Taxes a) Content standard(s) i) Concepts: (1) Allocation of Resources (2) Economic Institutions and Incentives (3) The Role of Government (4) International Economic Concepts (5) Personal Decision Making (6) Earning a Living (7) Managing Finances and Budgeting (8) Saving and Investing b) Skills i) Allocating Money c) Sample activities i) Getting Ready To Write A Will ii) Researching the Retirement Plans of Area Businesses
  20. 20. d) Technology i) Software Activity: Reviewing Performances of Retirement Investments ii) Web Link: http://www.aarp.org Table of contents link
  21. 21. EASTON PUBLIC SCHOOLS BUSINESS TECHNOLOGY PROGRAM 9-12 Table of contents Link APPENDIX XXXX Learning Strategies – 533 Business and Personal Finance (Designed to assess level of understanding and retention of learning) • PolyVision Board, LCD Projector, and White board used for demonstrations– teacher and student use • Multi-media lab presentations focused on visualization and auditory processing by students for learning • Cooperative learning (guided practice, work together problems, etc.) • PowerPoint Presentations • Additional course materials maintained on the instructor’s teaching website www.mroconnell.net • Internet Research and visiting selective Web Pages (Internet Activities) • Project based learning using specific finance and business based problems and/or simulation software for in-depth learning. • Demonstration of understanding (application, challenging, and mastery problems), auditing, case studies, automated spread sheets, debates, role playing, oral presentation, observation, summary activities • Real-life application of financial theory to current business and money management practices • Rubrics –see Appendix XXXX • Teacher observation specific to academic performance standards and expectations • Projects- cooperative and individual • Class participation Some strategies are traditional teaching strategies (well crafted field trips, and special guest speakers/lecturers), but the major focus is on active, engaged learning opportunities designed by the teacher to engage students’ minds in higher order thinking and learning. The teacher will focus on learning strategies designed for deep learning in real-life financial situations.
  22. 22. Table of contents Link APPENDIX XXXX Assessments As stated in the Easton Public Schools 2008-2010 Strategic Goals, “All students regularly receive progress assessments that use appropriate instruments, are conducted according to specific timelines, and that cover appropriate content areas to determine their instructional needs.” The course uses a combination of performance assessments in conjunction with more traditional assessments. The performance assessments strive to assess what the student knows and what they are able to do in real world financial and business contexts. Traditional assessments provide connections across the curriculum as well as providing students with an opportunity to demonstrate their knowledge in a more conventional testing context. Course Rubrics play an important role in the assessment process. For example, Excel spreadsheets are evaluated using Rubric 1: Microsoft Excel Spreadsheet. Students also participate in the OAHS Portfolio Assessment weeks, and here again, rubrics are used to supplement the evaluation process. In a more traditional assessment context, student activity sheets are regularly evaluated for comprehension, accuracy and completeness. Specialized software such as ExamView is employed to generate custom tests for select course topics. Table of contents Link 533 Business and Personal Finance GLOSSARY OF TERMS Planning Personal Finances: Personal Financial Planning annuity- a series of equal regular deposits consumer- a person who purchases and uses goods or services demand- the amount of goods and services people are willing to buy economics- the study of the decisions that go into making, distributing, and using goods and services economy- the ways in which people make, distribute, and use their goods and services Federal Reserve System- the central banking organization of the United States, also known as the Fed future value- the amount your original deposit will be worth in the future based on earning a specific interest rate over a specific period of time goals- the things you want to accomplish goods- a physical item that is produced and can be weighed or measured inflation- a rise in the level of prices for goods and services
  23. 23. interest- the price that is paid for the use of another’s money liquidity- the ability to easily convert financial assets into cash without loss in value opportunity cost- what is given up when making one choice instead of another? present value- the amount of money you would need to deposit now in order to have a desired amount in the future principal- the original amount of money on deposit service- a task that a person or a machine performs for you supply- the amount of goods and services available for sale time value of money- the increase of an amount of money due to earned interest or dividends values- the beliefs and principles you consider important, correct, and desirable Planning Personal Finances: Finances and Career Planning aptitudes- the natural abilities that people possess cafeteria-style employee benefits- programs that allow workers to choose the benefits that best meet their personal needs career-a commitment to work in a field that you find interesting and fulfilling cooperative education- programs that allow students to enhance classroom learning with part-time work related to their majors and interests cover letter- the personal letter that you present along with your résumé demographic trends- tendencies of people grouped by age, gender, ethnicity, education, or income that change over time geographic trends- tendencies of people moving from one area of the country to another as financial centers shift location informational interview- a meeting with someone who works in your area of interest who can provide you with practical information about the career or company you are considering interest inventories- tests that help you identify the activities you enjoy the most internship- a position in which a person receives training by working with people who are experienced in a particular field interview- a formal meeting with your potential employer that allows you to express why you think you are the best person for the job job- work that you do mainly to earn money mentor- an experienced employee who serves as a teacher and counselor for a less- experienced person networking- a way of making and using contacts to get job information and advice pension plan- a retirement plan that is funded at least in part by an employer potential earning power- the amount of money you may earn over time résumé- a one or two-page summary of your education, training, experience, and qualifications service industries- businesses that provide services for a fee, offer employment potential in coming years standard of living - a measure of quality of life based on the amounts and kinds of goods and services a person can buy trends- developments that mark changes in a particular area
  24. 24. Planning Personal Finances: Money Management Strategy assets- any items of value that an individual or company owns, including cash, property, personal possessions, and investments budget- a plan for using money to meet wants and needs budget variance- the difference between the budgeted amount and the actual amount that you spend cash flow- the money that actually goes into and out of your wallet and bank accounts consumer price index (CPI) - a measure of the changes in prices for commonly purchased goods and services in the United States deficit- the financial situation that occurs when more money is spent than is earned or received discretionary income- the money left over after paying for the essentials—food, shelter, clothing, transportation, and medication income- the money you receive insolvency- a financial state that occurs if liabilities are greater than assets liabilities- the debts that you owe liquid assets- cash and items that can be quickly converted to cash market value- the price at which property would sell money management- planning how to get the most from your money net worth- the difference between the amount that you own and the debts that you owe personal balance sheet- also called a net worth statement; a financial statement that lists items of value owned, debts owed, and a person’s net worth personal financial statement- a document that provides information about an individual’s current financial position and presents a summary of income and spending real estate- land and any structures that are on it that a person or family owns safe-deposit box- a small, secure storage compartment that you can rent in a bank, usually for $100 a year or less surplus- extra money that can be spent or saved, depending on a person’s financial goals and values take-home pay- the amount of income left after taxes and other deductions are taken out of your gross pay wealth- an abundance of valuable material possessions or resources Planning Personal Finances: Consumer Purchasing and Protection arbitration- a process whereby a conflict between a customer and a business is resolved by an impartial third party whose decision is legally binding class-action suit- a legal action on behalf of all the people who have suffered the same injustice cooperative- a nonprofit organization owned and operated by its members for the purpose of saving money on the purchase of goods and services down payment- a portion of the total cost of an item that must be paid at the time of purchase
  25. 25. fraud- dishonest business practices that are meant to deceive, trick, or gain an unfair advantage impulse buying- purchasing items on the spur of the moment legal aid society- a network of community law offices that provide free or low-cost legal assistance mediation- the attempt by a neutral third party to resolve a conflict between a customer and a business through discussion and negotiation open dating- a labeling method indicating the freshness, or shelf life, of a perishable product, such as milk or bread rebate- a partial refund of the price of a product service contract- a separately purchased agreement by the manufacturer or distributor to cover the costs of repairing the item small claims court- a court that deals with legal disputes that involve amounts below a certain limit unit pricing- the use of a standard unit of measurement to compare the prices of packages that are different sizes warranty- a written guarantee from the manufacturer or distributor that states the conditions under which the product can be returned, replaced, or repaired Banking and Credit: Banking annual percentage yield (APY) - the amount of interest that a $100 deposit would earn, after compounding, for one year. automated teller machine (ATM) - a computer terminal that allows a withdrawal of cash from an account bank reconciliation- a report that accounts for the differences between the bank statement and a checkbook balance certificate of deposit (CD) - a savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of return commercial bank- a for-profit institution that offers a full range of financial services, including checking, savings, and lending compounding- the process in which interest is earned on both the principal—the original amount you deposited—and on an y previously earned interest credit union- a nonprofit financial institution that is owned by its members and organized for their benefit debit card- a cash card that allows you to withdraw money or pay for purchases from your checking or savings account direct deposit- an automatic deposit of net pay to an employee’s designated bank account endorsement- the signature of the payee, the party to whom the check has been written money market account- a savings account that requires a minimum balance and earns interest that varies from month to month overdraft protection- an automatic loan made to an account if the balance will not cover checks written point-of-sale transaction- a purchase by a debit card of a good or service at a retail store, a restaurant, or elsewhere
  26. 26. rate of return- the percentages of increase in the value of your savings from earned interest savings and loan association (S&L) - a financial institution that specializes in accepting savings deposits and making mortgage and other loans stop-payment order- a request that a bank or other financial institution not cash a particular check Banking and Credit: Consumer Credit annual percentage rate (APR) - the cost of credit on a yearly basis, expressed as a percentage bankruptcy- a legal process in which some or all of the assets of a debtor are distributed among the creditors because the debtor is unable to pay his or her debts closed-end credit- credit as a one-time loan that you will pay back over a specified period of time in payments of equal amounts. collateral- the interest computed only on the principal, the amount that you borrow consumer credit- the use of credit for personal needs cosigning- agreeing to be responsible for loan payments if the other person fails to make them credit- an arrangement to receive cash, goods, or services now and pay for them in the future credit rating- a measure of a person’s ability and willingness to make credit payments on time creditor- an entity that lends money finance charge- the total dollar amount you pay to use credit grace period- a time period during which no finance charges will be added to your account line of credit- the maximum amount of money a creditor will allow a credit user to borrow minimum monthly payment- the smallest amount you can pay and remain a borrower in good standing net income- the income you receive (take-home pay, allowance, gifts, and interest) open-end credit- credit as a loan with a certain limit on the amount of money you can borrow for a variety of goods and services simple interest- interest paid on the principal alone Banking and Credit: The Finances of Housing adjustable-rate mortgage (ARM) - a mortgage with an interest rate that increases or decreases during the life of the loan amortization- the reduction of a loan balance through payments made over a period of time appraisal- an estimate of the current value of the property closing- a meeting of the seller, the buyer, and the lender of funds, or representatives of each party, to complete the transaction deed- the official document transferring ownership from seller to buyer
  27. 27. equity- the value of the home less the amount still owed on the money borrowed to purchase it escrow account- an account where money is held in trust until it can be delivered to a designated party fixed-rate mortgage- a mortgage with a fixed interest rate and a fixed schedule of payments home equity loan- a loan based on the difference between the current market value of a home and the amount the borrower owes on the mortgage landlord- the person who owns the property that you rent lease- a legal document that defines the conditions of the rental agreement between the tenant and the landlord mobility- the ability to move easily from place to place mortgage- a long-term loan extended to someone who buys property points- extra charges that must be paid by the buyer to the lender in order to get a lower interest rate private mortgage insurance (PMI) - a special policy that protects the lender in case the buyer cannot make payments or cannot make them on time refinance- obtaining a new mortgage to replace an existing one renter’s insurance- a type of insurance that covers the loss of a tenant’s personal property as a result of damage or theft security deposit- an amount of money paid to the owner of the property by a tenant to guard against any financial loss or damage that the tenant might cause tenant- a person who pays for the right to live in a residence owned by someone else title insurance- a type of insurance that protects the buyer if problems with the title are found later Investing Financial Resources: Saving and Investing capital gain- the profit from the sale of assets such as stocks, bonds, or real estate capital loss- the sale of an investment for less than its purchase price common stock- a unit of ownership of a company corporate bond- a corporation’s written pledge to repay a specific amount of money, along with interest diversification- the process of spreading your assets among several different types of investments to reduce risk dividends- distributions of money, stock, or other property that a corporation pays to stockholders emergency fund- a savings account that you can access quickly to pay for unexpected expenses or emergencies equity capital- money that a business gets from its owners in order to operate financial planner- a specialist who is trained to offer specific financial help and advice government bond- the written pledge of a government or a municipality, such as a city, to repay a specific sum of money with interest investment liquidity- the ability to buy or sell an investment quickly without substantially reducing its value
  28. 28. mutual fund- an investment in which investors pool their money to buy stocks, bonds, and other securities selected by professional managers who work for an investment company preferred stock- a type of stock that gives the owner the advantage of receiving cash dividends before common stockholders receive cash dividends prospectus- a document that discloses information about a company’s earnings, assets and liabilities, its products or services, a particular stock, and the qualifications of its management retained earnings- profits that a company reinvests, usually for expansion or to conduct research and development speculative investment- a high-risk investment that might earn a large profit in a short time tax-deferred income- income that is taxed at a later date tax-exempt income- income that is not taxed Investing Financial Resources: Stocks bear market- a market condition that occurs when investors are pessimistic about the economy and sell stocks blue-chip stock- stocks issued by the strongest and most respected companies, such as AT&T, General Electric, and Kellogg bull market- a market condition that occurs when investors are optimistic about the economy and buy stocks capitalization- the total amount of stocks and bonds issued by a corporation current yield- the annual dividend of an investment divided by the current market value cyclical stock- a stock that has a market value that tends to reflect the state of the economy defensive stock- a stock that remains stable during declines in the economy earnings per share- a corporation’s net, or after-tax, earnings divided by the number of outstanding shares of common stock growth stock- stock issued by a corporation whose potential earnings may be higher than the average earnings predicted for all the corporations in the country income stock- a type of stock with predictable and higher-than-average dividends large-cap stock- stock from a corporation that has issued a large number of shares of stock and has a large amount of capitalization over-the-counter (OTC) market- a network of dealers who buy and sell the stocks of corporations that are not listed on a securities exchange par value- an assigned dollar value that is printed on a stock certificate penny stock- stocks that are issued by new companies or companies whose sales are very unsteady portfolio- a collection of all the securities held by an investor price-earnings (PE) ratio- the price of one share of stock over the last 12 months private corporation- a company that issues stock to a small group of people public corporation- a company that sells its shares openly in stock markets, where anyone can buy them
  29. 29. securities- all of the investments—stocks, bonds, mutual funds, options, and commodities—that are bought and sold on the stock market securities exchange- a marketplace where brokers who represent investors meet to buy and sell securities small-cap stock- a stock issued by a company with a capitalization of $500 million or less total return- a calculation that includes the annual dividend as well as any increase or decrease in the original purchase price of the investment Investing Financial Resources: Bonds and Mutual Funds bearer bond- a bond that is not registered in the investor’s name closed-end fund- a mutual fund with a fixed number of shares that are issued by an investment company when the fund is first organized convertible bond- a bond that an investor can trade for shares of the corporation’s common stock coupon bond- a bond that is registered in the owner’s name for only the face value and not for interest debenture- a bond that is backed only by the reputation of the issuing corporation, rather than by its assets face value- the dollar amount that the bondholder will receive at the bond’s maturity income dividends- the earnings a fund pays to shareholders investment-grade bonds- bonds that are issued by financially stable companies or municipalities load fund- a mutual fund for which you pay a commission every time you buy or sell shares maturity date- the date when a bond will be repaid mortgage bond- a bond that is backed by assets of a corporation municipal bond- a security issued by a state or local government to pay for its ongoing activities net asset value (NAV) - the amount that one share of a mutual fund is worth no-load fund- a mutual fund that has no commission fee open-end fund- a mutual fund with an unlimited number of shares that are issued and redeemed by an investment company at the investors’ request registered bond- a bond registered in the owner’s name by the company that issues the bond serial bonds- bonds issued at the same time but which mature on different dates sinking fund- a fund to which a corporation makes deposits for the purpose of paying back a bond issue yield- the rate of return, usually stated as a percentage, earned by an investor who holds a bond for a certain period of time zero-coupon bond- a bond that does not produce interest payments Investing Financial Resources: Real Estate and Other Investments
  30. 30. collectibles- a type of investment that includes rare coins, works of art, antiques, stamps, rare books, comic books, sports memorabilia, rugs, ceramics, paintings, and other items that appeal to collectors and investors direct investment- an investment in which the owner holds legal title to the property he or she has purchased financial leverage- the use of borrowed funds for direct investment purposes indirect investment- an investment in which a trustee is appointed to hold legal title to the property on behalf of an investor or group of investors participation certificate (PC) - an investment in a group of mortgages that have been purchased by a government agency precious gems- rough mineral deposits (usually crystals) that are dug from the earth by miners and then cut and shaped into brilliant jewels precious metals- valuable ores such as gold, platinum, and silver Protecting Your Finances: Planning Your Tax Strategy adjusted gross income- your gross income after calculating certain reductions allowance- an adjustment to the tax withheld from your paycheck, based on your marital status and whether you have dependents estate tax- a federal tax collected on the value of a person’s property at the time of his or her death exclusion- income that is not subject to taxes exemption- a deduction from adjusted gross income for the taxpayer, the spouse, and qualified dependents extension- an extended deadline for filing an income tax return income tax return- a form on which a taxpayer reports how much money he or she received from working and other sources, and the exact taxes that are owed income tax- the tax on wages, salaries, and self-employed earnings inheritance tax- a state tax collected on the property left by a person to his or her heir(s) in a will itemized deduction- a specific expense that you deduct from your adjusted gross income standard deduction- an amount of money set by the IRS that is not taxed tax audit- a detailed examination of your tax return by the IRS tax credit- an amount of money that can be subtracted directly from taxes you owe tax deduction- an expense that you can subtract from your adjusted gross income to figure your taxable income tax liability- the total amount of taxes owed Protecting Your Finances: Home and Motor Vehicle Insurance actual cash value- the replacement cost of an item minus depreciation assigned risk pool- a group of people who cannot get motor vehicle insurance bodily injury liability- insurance that covers physical injuries caused by a vehicle accident for which you were responsible deductible- the set amount that the policyholder must pay per loss on an insurance policy
  31. 31. homeowner’s insurance- coverage that provides protection for your residence and its associated financial risks insurance- protection against possible financial loss liability- legal responsibility for the financial cost of another person’s losses or injuries medical payments coverage- insurance that pays the costs of minor accidental injuries to visitors on your property negligence- the failure to take ordinary or reasonable care to prevent accidents from happening no-fault system- an arrangement whereby drivers who are involved in accidents collect money from their own insurance companies personal property floater- additional property insurance that covers the damage or loss of a specific item of high value policy- a contract between an insurance company and a person by which that person joins a risk-sharing group premium- a fee for insurance property damage liability- motor vehicle insurance that applies when you damage the property of others property damage liability- motor vehicle insurance that applies when you damage the property of others replacement value- the full cost of repairing or replacing an item uninsured motorist’s protection- insurance that covers you and your family members if you are involved in an accident with an uninsured or hit-and-run driver Protecting Your Finances: Health, Disability, and Life Insurance beneficiary- a person named to receive the benefits from an insurance policy Blue Cross- an insurance company that provides hospital care benefits Blue Shield- an insurance company that provides benefits for surgical and medical services performed by physicians cash value- in a whole life policy, the accumulated savings to which you are entitled when and if you cancel the policy coinsurance- the percentage of the medical expenses the policyholder must pay in addition to the deductible amount co-payment- a flat fee that you pay every time you receive a covered service disability income insurance- coverage that provides regular cash income when you are unable to work due to a pregnancy, non-work-related accident, or illness endowment- life insurance that provides coverage for a specific period of time and pays a sum of money to the policyholder if he or she is living at the end of the endowment period health insurance- a form of protection that eases the financial burden people may experience as a result of illness or injury health maintenance organizations (HMO) - a health insurance plan that contracts with selected physicians and other medical professionals to provide health care services in exchange for a fixed, prepaid monthly premium managed care- prepaid health plans that provide comprehensive health care to their members
  32. 32. Medicaid- a medical assistance program offered to certain low-income individuals and families Medicare- a federally funded health insurance program available mainly to people over 65 and to people with certain disabilities point-of-service (POS) plan- a health insurance plan that combines features of both HMOs and PPOs preferred provider organization (PPO) - a group of doctors and hospitals that agree to provide specified medical services to members at prearranged fees stop-loss provision- a provision that requires the policyholder to pay all costs up to a certain amount, after which the insurance company pays 100 percent of the remaining expenses covered in the policy term insurance- insurance that provides protection against loss of life for only a specified term, or a period of time whole life insurance- a permanent policy for which you pay a specified premium each year for the rest of your life Protecting Your Finances: Retirement and Estate Planning 401(k) plan- a type of retirement savings plan funded by a portion of your salary that is deducted from your gross paycheck and placed in a special account annuity insurance- a contract purchased from an insurance company that guarantees a future fixed or variable payment to the purchaser for a certain number of years or for life assisted-living facility (ALF) - a residence complex that provides personal and medical services for the elderly beneficiary (estate) - a person who is named to receive a portion of someone’s estate codicil- a document that explains, adds, or deletes provisions in an existing will defined-benefit plan- a retirement plan that specifies the benefits an employee will receive at retirement age, based on total earnings and years on the job defined-contribution plan- an individual retirement account for each employee estate- all property and assets owned by an individual or group estate planning- the process of creating a detailed plan for managing personal assets to make the most of them while you are alive and to ensure that they are distributed wisely after your death executor- a person who is willing and able to perform the tasks involved in carrying out a will guardian- the person who accepts the responsibility of caring for the children of the deceased and managing an estate for the children until they reach a certain age heirs- the people who will have the legal right to your assets when you die individual retirement account (IRA) - a special account in which a person saves a portion of income for retirement intestate- the status of not having a valid will Keogh plan- a retirement plan specially designed for self-employed people and their employees power of attorney- a legal document that authorizes someone to act on your behalf probate- the legal procedure of proving that a will is valid or invalid
  33. 33. trust- an arrangement in which a designated person known as a trustee manages assets for the benefit of someone else vesting- the right of an employee to keep the company’s contributions from company- sponsored plans, even if the employee no longer works for that employer will- a legal declaration of a person’s wishes regarding disposal of his or her estate after death Table of contents Link Appendix Xxxx Instructional Materials, Media, and Equipment 533 Business And Personal Finance Instructional Materials (Text Books, Workbooks, and ancillary materials): American Institute for Economic Research, How to Avoid Financial Tangles Vol. XXXV No. 1, American Institute for Economic Research, 1999 American Institute for Economic Research, How to Read a Financial Statement Vol. XLVIII No. 8, American Institute for Economic Research, 2008 American Institute for Economic Research, What Your Car Really Costs: How to Keep a Financially Safe Driving Record Vol. XLVIII No. 9, American Institute for Economic Research, 2008 Brill, Marla. If Something Should Happen Vol. XLVIII No. 3, American Institute for Economic Research, 2008 Erikson, Linda. Quick Simple Microsoft Excel 2000. Upper Saddle River: Prentiss-Hall, Inc. 1999 Glencoe. Business and Personal Finance, ExamView Test Generator. Publication Medium: CDROM. New York: Glencoe/McGraw Hill, 2007. Glencoe. Business and Personal Finance, Financial Planner Software. New York: Glencoe/McGraw Hill, 2007.
  34. 34. Glencoe. Business and Personal Finance, Interactive Student Edition . Publication Medium: CDROM. New York: Glencoe/McGraw Hill, 2007. Glencoe. Business and Personal Finance, Lesson Planner Plus with Teacher Resources. Publication Medium: CDROM. New York: Glencoe/McGraw Hill, 2007. Glencoe. Business and Personal Finance, PowerPoint Presentations, User Guide, and Video Clips. Publication Medium: CDROM. New York: Glencoe/McGraw Hill, 2007. Glencoe. Business and Personal Finance, Standard and Poor’s Extension Activities. New York: Glencoe/McGraw Hill, 2007. Glencoe. Business and Personal Finance, Student Activity Workbook, Teacher’s Edition. New York: Glencoe/McGraw Hill, 2007. Glencoe. Business and Personal Finance, Student Activity Workbook, Teacher’s Edition. New York: Glencoe/McGraw Hill, 2007. Glencoe. Business and Personal Finance, Your Personal Financial Planner. New York: Glencoe/McGraw Hill, 2007. Kapoor, Jack R., DLabay, Les R., Hughes, Robert J., and Hoyt, William B. Robert. Business and Personal Finance, Teacher Annotated Edition. New York: Glencoe/ McGraw Hill, 2007. Kapoor, Jack R., DLabay, Les R., Hughes, Robert J., and Hoyt, William B. Robert. Business and Personal Finance. New York: Glencoe/McGraw Hill, 2007. Pratt, Lawrence S., How to Invest Wisely Vol. XLVII No. 5, American Institute for Economic Research, 2007
  35. 35. Shelley, Gary B., Vermatt, Misty E. Office 2003 II, Advanced Concepts and Techniques, Boston: Thomson Learning, Inc, 2004 Vento, Kathy, Blanc, Iris. Excel 97 for Windows 95: Introduction. New York: DDC Publishing, 1998 Vento, Kathy, Blanc, Iris. Excel 97 for Windows 95: Introduction: Data Files Publication Medium: 3 ½” Diskette. New York: DDC Publishing, 1998 World Wide Web: 3 Way Percentage Calculator (http://www.math.com/students/calculators/source/3percent.htm) American Institute for Economic Research (https://www.aier.org) Finance07.glencoe.com (http://glencoe.mcgraw-hill.com/sites/0078687128) NBEAOnline (http://www.nbea.org/curfbes.html) Standard and Poors (http://www2.standardandpoors.com/portal/site/sp/en/us/page.home/home/ 0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0.html) Table of contents Link Technological Applications • Windows XP • Microsoft Office XP o Microsoft Word o Microsoft Excel o Microsoft PowerPoint • Microsoft Internet Explorer • Mozilla Firefox • Inspiration • Goggle Documents o Goggle Word Processing
  36. 36. o Goggle Presentation o Goggle Spreadsheet Instructional Equipment: • Teacher and (one per student preferable) student computer stations hooked to network printers with Internet access • Multimedia video and sound system for viewing content from the teacher’s computer or from a DVD/Video player • Local Area Network in the classroom that allows students to save and access network files from individual computers • Overhead Projector for Transparency Instruction • PolyVision board with InFocus machine connected to teacher computer • Whiteboard • Bulletin board
  37. 37. Table of contents Link Appendix Xxxx Community Resources 533 Business and Personal Finance Stonehill College 320 Washington Street North Easton, MA 02356 508-565-1000 508-565-1258 Ames Free Library 53 Main Street North Easton, MA 02356 508-238-2000 North Easton Savings Bank 295 North Main Street North Easton, MA 02356 Thomas Deubler, President 508-238-2007 Bank of Easton 275 Washington Street North Easton, MA 02356 508-238-1000
  38. 38. EASTON PUBLIC SCHOOLS BUSINESS TECHNOLOGY PROGRAM 9-12 Table of contents Link Appendix XXXX Interdisciplinary Connections 533 Business and Personal Finance Industrial Arts • Graphs and Grid Reproduction Language Arts • Open response questions • Vocabulary • Journal Writing • Communication Mathematics • Graph Measurement • Statistics Probability • Patterns, Relations, Functions • Problem Solving Science • Perspective Graphs • Higher level thinking skills • Problem solving Social Studies • Financial Surveys • Current Trends Technology • Spreadsheets • Internet Resources • Technological Applications • Digital Media
  39. 39. Table of contents Link Appendix XXX Rubrics 533 Business and Personal Finance Rubric 1: Microsoft Excel Spreadsheet 533 Business and Personal Finance Rubric 1: Microsoft Excel Spreadsheet 1 Point 2 Points 4 Points 5 Points Teacher 3 Points Eval. A1 Formatting and Typed 1. Correct 1. Correct 1. Correct 1. Correct A2 Inputting Text part of input of input of text input of input of P1 Information and the text text text 2. Correct P3 Formulas assignm 2. Correct application 2. Correct 2. All text ent applicatio of Excel application placed in n of Excel formulas of Excel correct formulas formulas cells 3.Consistent formatting of 3.Consisten 3. Correct text t applicatio formatting n of Excel of text formulas 4. Correct 4.Consist title and ent file name formattin g of text 5. Correct title and file name A1 Proofreading 7 or 6 4-5 2-3 0-1 more uncorrecte uncorrected uncorrected uncorrecte uncorrec d errors errors errors d errors ted errors C1 Completeness Less 25% 50% 75% Complete than completed completed completed d in 25% allotted complet time ed C3 Application of Informat Informatio Information is Information Informatio Technology ion is n is accurately is accurately n is not accurately entered into entered into accurately accurate entered MS Excel as MS Excel as entered
  40. 40. ly into MS per per into MS entered Excel, but instructions. instructions, Excel as into MS not Hardcopy is Hardcopy is per Excel as according submitted and submitted instruction per to is mostly and is s, instructi instruction accurate. mostly Hardcopy ons. s. Presentation accurate. is Presenta Presentati is sub- submitted tion is on is sub- standard. and is sub- standard. accurate. standard . P1 Organizational At task At task At task with At task with Begins Skills with with some delay minimum task major major delay immediate delay, delay ly daily Grade 1=F 2=D 3=C 4=B 5=A Grade Scale
  41. 41. 533 Business and Personal Finance Rubric 2: Buying Real Estate 533 Business and Personal Finance Rubric 2: Buying Real Estate Teach 1 Point 2 Points 3 Points 4 Points 5 Points er Eval. A1 Formatting and Typed 1. Correct 1. Correct 1. Correct 1. Correct A1 Inputting Text part of the input of input of input of input of real A2 Information and assignmen text text text estate P1 Formulas t information 2. Correct 2. Correct 2. Correct P3 application application application 2. All real of Excel of Excel of Excel estate formulas formulas formulas information placed in 3.Consisten 3.Consisten correct cells t t formatting formatting 3. Correct of text of text application of Excel 4. Correct formulas title and file name 4.Consistent formatting of text 5. Correct title and file name A1 Proofreading 7 or more 6 4-5 2-3 0-1 uncorrecte uncorrected uncorrected uncorrected uncorrected d errors errors errors errors errors A2 Completeness Less than 25% 50% 75% Completed in P4 25% completed completed completed allotted time completed C3 Application of Real Real estate Real estate Real estate Real estate Technology estate information information information information is informatio is accurately is accurately is accurately accurately n is not entered into entered into entered into entered into accurately MS Excel, MS Excel as MS Excel as MS Excel as entered but not per per per into MS according to instructions. instructions; instructions; Excel as instructions. Hardcopy is Hardcopy is Hardcopy is per Presentation submitted submitted submitted and instruction is sub- and is and is is accurate.
  42. 42. . standard. mostly mostly Presentati accurate. accurate. on is sub- Presentation standard. is sub- standard. P1 Organizational At task At task with At task with At task with Begins task Skills with major delay some delay minimum immediately major delay delay, daily Grade 1=F 2=D 3=C 4=B 5=A Grade Scale
  43. 43. 533 Business and Personal Finance Rubric 3: File Organization 533 Business and Personal Finance Rubric 3: File Organization Teac 1 Point 2 Points 4 Points 5 Points her 3 Points Eval . A Naming Files and Files and Most files and Some files and Most files All files and 4 Folders folders are folders do not folders contain and folders folders P names, but contain short, short, logical contain contain 1 do not logical names names that short, short, logical C contain that reflect their reflect their logical names that 3 short, content content names that reflect their logical reflect their content names that content reflect their content A File and Folder Files and Most folders do Some folders Most folders Folders have a 4 Organization folders are not have a clear have a clear and have a clear clear and P present, but and consistent consistent and consistent 1 lack a clear organizational organizational consistent organizational C and system, and system, and organization system, and 3 consistent most files are some files are in al system, all files are in organization not in their their correct and most their correct al system correct folders folders files are in folders their correct folders A Completeness Less than 25% completed 50% completed 75% Completed in 2 25% completed allotted time P completed 4 C Application of Information Information is Information is Information Information is 3 Technology is not accurately accurately is accurately accurately accurately entered into MS entered into MS entered into entered into entered into Excel, but not Excel as per MS Excel as MS Excel as MS Excel as according to instructions. per per per instructions. Hardcopy is instructions, instructions, instruction. Presentation is submitted and is Hardcopy is Hardcopy is Presentation sub-standard. mostly accurate. submitted submitted and is sub- Presentation is and is is accurate. standard. sub-standard. mostly accurate.
  44. 44. P Organizational At task with At task with At task with At task with Begins task 1 Skills major delay, major delay some delay minimum immediately daily delay Grade 1=F 2=D 3=C 4=B 5=A Grade Scale
  45. 45. 533 Business and Personal Finance Rubric 4: Using a Research-Based Approach to Buying a Flat Panel Television 533 Business and Personal Finance Rubric 4: Using a Research-Based Approach to Buying a Flat Panel Television Teach 1 Point 2 Points 3 Points 4 Points 5 Points er Eval. A Formatting and Typed part 1. Correct 1. Correct 1. Correct 1. Correct 1 Inputting Text of the input of text input of text input of text input of A Information and assignment text 2. Correct 2. Correct 2. Correct 2 Formulas application of application application 2. All text P1 Excel formulas of Excel of Excel placed in P3 formulas formulas correct cells 3.Consistent 3.Consistent formatting of formatting of 3. Correct text text application of Excel 4. Correct formulas title and file name 4.Consisten t formatting of text 5. Correct title and file name A Proofreading 7 or more 6 uncorrected 4-5 2-3 0-1 1 uncorrected errors uncorrected uncorrected uncorrected errors errors errors errors A Completeness Less than 25% completed 50% 75% Completed 2 25% completed completed in allotted P4 completed time C Application of Project does Project reflects Project Project Project 3 Technology not reflect partially reflects reflects reflects effective use effective use of somewhat effective use effective use of Internet Internet effective use of Internet of Internet research research skills. of Internet research research skills. Information is research skills. skills. Information accurately skills. Information is Information is not entered into MS Information is accurately is accurately accurately Excel and MS accurately entered into entered into entered into Word, but not entered into MS Excel and MS Excel MS Excel according to MS Excel and MS Word as and MS and MS instructions. MS Word as per Word as per
  46. 46. Word as per Presentation is per instructions; instructions; instruction. sub-standard. instructions. Hardcopy is Hardcopy is Presentation Hardcopy is submitted and submitted is sub- submitted and is mostly and is standard. is mostly accurate. accurate. accurate. Presentation is sub- standard. P1 Organizational At task with At task with At task with At task with Begins task Skills major delay, major delay some delay minimum immediately daily delay Grade 1=F 2=D 3=C 4=B 5=A Grade Scale
  47. 47. 533 Business and Personal Finance Rubric 5: Income and Expenses Spreadsheet 533 Business and Personal Finance Rubric 5: Income and Expenses Spreadsheet Teach 1 Point 2 Points 3 Points 4 Points 5 Points er Eval. A Formatting and Typed 1. Correct 1. Correct 1. Correct 1. Correct 1 Inputting Text part of the input of text input of text input of text input of text A Information and assignmen 2. Correct 2. Correct 2. Correct 2. All text 2 Formulas t application of application application of placed in P Excel of Excel Excel formulas correct cells 1 formulas formulas P 3.Consistent 3. Correct 3 3.Consistent formatting of application formatting of text of Excel text formulas 4. Correct title and file name 4.Consistent formatting of text 5. Correct title and file name A Proofreading 7 or more 6 uncorrected 4-5 2-3 0-1 1 uncorrecte errors uncorrected uncorrected uncorrected d errors errors errors errors A Completeness Less than 25% 50% 75% completed Completed in 2 25% completed completed allotted time P completed 4 C Application of Income Income and Income and Income and Income and 3 Technology as per and expenses are expenses are expenses are expenses are instructions expenses entered into accurately accurately accurately are not MS Excel, but entered into entered into MS entered into accurately not according MS Excel as Excel as per MS Excel as entered to per instructions; per into MS instructions. instructions. Hardcopy is instructions; Excel as Presentation Hardcopy is submitted and is Hardcopy is per is sub- submitted and somewhat submitted and instruction standard. is somewhat comprehensive is s. comprehensiv and mostly comprehensiv Presentati e and mostly accurate. e and on is sub- accurate. accurate.
  48. 48. standard. Presentation is sub- standard. P Organizational At task At task with At task with At task with Begins task 1 Skills with major delay some delay minimum delay immediately major delay, daily Grade 1=F 2=D 3=C 4=B 5=A Grade Scale

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