Personal Finance Unit Plan


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Personal Finance Unit Plan

  1. 1. Personal Finance Unit Plan Objective 2 Saving & Investing Objective 2: Analyze the appropriate situations in which to save or invest. Details • Compare consumer choices for saving and investing • Summarize how inflation affects the value of money. • Examine reasons for saving and investing, e.g., time value of money • Compare the risk, return, liquidity, manageability, and tax aspects of investment alternatives. • Demonstrate how to buy and sell investments. • Analyze factors affecting the rate of return on investments (e.g., Rule of 72, simple interest, compound interest). • Evaluate sources of investment information. • Examine how agencies that regulate financial markets protect investors. • Demonstrate how to evaluate advisors’ credentials and how to select professional advisors and their services Relationships • Suggest appropriate types of savings or investing plans based on given scenarios. • Explore potential investment opportunities for students now. • Analyze the risk level of specific types of investments in our current economy. Skills • Venn Diagrams Goals for Graduates 1. Examine the basics of our economic system and how it works in relation to our government. 2. Develop teamwork, critical thinking, and organizational skills needed for the future. 3. Develop skills that will be of personal value to them in their daily lives and in the world of work. 4. Evaluate the role of educated consumers. Process Standards 1.1 Develop questions and ideas to initiate and refine research. 3.2 Develop and apply strategies based on ways others have prevented or solved problems. 3.5 Reason inductively from a set of specific facts and deductively from general premises. 3.8 Assess costs, benefits and other consequences of proposed solutions.
  2. 2. Pre-Assessments: • See Attached Page Assessments: • See Attached Page Hooks: • Journal: What is the difference between saving & investing? • Journal: Would you rather put your money in a bond for 20 years with no risk and double your money, or put your money into stock with a high risk, but have a chance to earn 10x your money? • Journal: Would you rather have $100 today, or $150 1 year from now? Why? • Journal: Name as many words or phrases associated with the stock market that you know of. Do you know what they all mean? • Journal: Would you rather invest in Wal-Mart, or a small new technology company out of Silicon Valley? Why? Inputting Knowledge: • PPT – Time Value of Money • PPT – Saving & Investing Options & Risk • Brittany Spears Retirement Article • PPT – The Stock Market Basic Activities: • Group types of investments by saving or investing. • Group types of investments by level of risk. • Future Value Practice (Comparing Simple & Compound Interest) • Venn Diagram comparing types of investments. • Practice Rule of 72 (ML Packet) • Practice Simple & Compound Interest (ML Packet) • Simple Vs. Compound Interest Worksheet • Create posters of various types of stock • Stock Market Internet Search – Determine which markets and indicators contain students’ stocks from the Stock Market Challenge. Why are these stocks in the market/indicator they are? Advanced Activities: • Determine how specific types of investments relate to the 5 risk levels in our current economy. • Suggest appropriate types of savings or investing plans based on given scenarios. • Discuss “Investing Early Table” and what students could do now to secure their financial future.
  3. 3. Pacing Guide Day Learning Goal Hook Activities Homework 1 To be able to Journal: What is • Types of Investment • Create a compare different the difference Activity: Group by Venn ways of saving or between saving & which is Saving & Diagram investing money. investing? Which is Investing. comparing • PPT: Saving & 2 or more Investing (Types of of the Investments) investment • Teach Skill – Venn s discussed Diagram in class. 2 To analyze the Journal: Would • Review types of • None risk level of an you rather put investments. Give a investment. your money in a scenario of a person, bond for 20 years and have students with no risk and suggest appropriate double your investments. money, or put • Levels of Risk your money into Activity: Group stock with a high investments by risk risk, but have a level. chance to earn • PPT: 5 Elements of 10x your money? Risk • Revisit the levels of risk – Any changes? • Put students into groups. Give each group one type of investment, and have them discuss how each of the 5 risk factors are related to that investment. 3 To be able to Journal: Would • PPT – “Time Value of • Simple Vs calculate the you rather have Money” New Terms Compound future value of an $100 today, or & Rule of 72 Interest investment. $200 1 year from • Practice Rule of 72 Worksheet now? Why? (ML Packet) • PPT – Simple Interest • Practice Simple Interest (ML Packet)
  4. 4. • PPT – Compound Interest • Practice Compound Interest (ML Packet) • Revisit Journal – which would be better? Use calculations to find. (Use “N-Table” From ML Packet) • View and discuss “Investing Early Table” 4 To be able to Journal: Name as • Grade SvC Interest • None identify the many words or HW various stock phrases associated • PPT – The Stock exchanges, and with the stock Market, Markets & indicators. market that you Indicators know of. Do you • Computer Lab – know what they Stock Market all mean? Internet Search (Using stocks from SM Challenge) 5 To be able to Journal: Would • PPT – The Stock • None identify the you rather invest Market, Earnings & various types of in Wal-Mart, or a Types of Stock (how stock. small new to find earnings technology only) company out of • Groups – give each Silicon Valley? group a type of Why? stock, and have them create a poster, using the information found in their book. • Groups present posters and teach class about the stock. Teacher reinforces with PowerPoint. 6 Review Day 7 Exam Day