CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12
Enduring Understanding 1. The higher the education level the higher income one can expect. 2. You have two things to invest, time and money. Invest your time to educate yourself and learn how to acquire and invest money. 3. Becoming financially independent will require taking some calculated risks. 4. Know your cash flow in and cash flow out by creating a budget. 5. During a person’s lifetime, it is not what a person earns, but what an individual keeps and invest that counts. 6. For a good credit score, pay your bills on time. 7. To become financially independent, generate savings and investments by paying yourself first (PYF). 8. When investing in stocks, buy low and sell high. Essential Questions There are two essential questions that are the foundation of the Personal Finance and Investment course. One covers the first half of the year and the second question covers the second half of the year. The two questions are:
1. How does one go about gaining wealth and financial freedom in one’s lifetime? 2. During the quest for financial freedom and the accumulation wealth, how does one protect what they have accumulated towards
reaching financial freedom? Assessments
Assessments used before, during and after instruction: diagnostic, benchmark, formative, summative.
TRANSFER TASK FOR FINANCE AND INVESTMENT:
The students will participate in a financial computer simulation. Students will complete lessons having a reading, writing and computer
component that reinforce curriculum by applying topics to “real-life” scenarios. Students will progress to phase two of the simulation
where they are high school graduates in charge of all aspects of life including finding a job, place to live, maintaining healthy eating and
living habits, managing finances, building credit, obtaining further education, paying taxes and investing. Student performance is directly
related to the financial decisions they independently make in the simulation and is assessed by the teacher.
Common Core Standards Cross Referenced with Finance
Grades 9 – 12 PA Common Core Academic Standards for Reading in Science and Technical Subjects
Craft and Structure
CC.3.5.9-10.D.
CC.3.5.11-12.D.
Determine the meaning of symbols, key terms, and other domain-specific words and
phrases as they are used in a specific scientific or technical context relevant to grades
9 - 12 texts and topics.
Application
Students will read a lease agreement between a landlord and tenant and then interpret
key terms and phrases by completing a student activity requiring students to search the
text for meaning.
Grades 9 – 12 PA Common Core Academic Standards for Writing in Science and Technical Subjects
Research to Build and Present Knowledge
CC.3.6.9-10.H.
CC.3.6.11-12.H.
Draw evidence from informational texts to support analysis, reflection and research.
Application
Students will write a report that describes their investment strategies, research,
decision-making, mistakes, successes and enduring understandings
encountered throughout the stock market simulation.
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: September
Content Skills Assessment
Choosing a career
Planning a career
Careers of the future
Types of careers
Career and Personality matching
Career goals
Use a rational decision making process as it applies to the roles of citizens, workers and consumers
Identify various forms of income and analyze factors the affect income as part of the career decision making process. BCIT 15.6.12.A
Be able to identify various ways people earn a living
Differentiate between earned and unearned income
Distinguish between income and wealth
How do taxes affect income? BCIT 15.6.12.E
Conduct web based searches to find out which careers are best for them by analyzing characteristics and requirements of careers opportunities. BCIT 15.6.12.D
Prioritize job skills employers seek from new hires\ CEW 13.3.11.A.
Identify job opportunities and growth industries over the next 10 years BCIT 15.6.12.D
Research careers using O Net online
BCIT 15.6.12.D
Be able to identify the personality type of the student and match that with careers that fit with that personality CEW 13.3.1.11.B, 13.3.11.A.
Setting personal goals BCIT 15.6.12.F
Active class participation
Financial literacy Pre-test, written by Federal Reserve
Research and identify job /career opportunities for the future
Job and career assessment research form
Visual monitoring by teacher and cooperative activities
Personality and career assessment tests
Textbook assignments
Unit Test
Sim –Time Mgmt & Health
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: October
Content Skills Assessment
Getting the job Job application The Job Interview Negotiating a position and salary Communicating and thriving in the workplace Correlate spending and savings plans to personal goals Managing finances – how to set and reach FINANCIAL goals
How to correctly fill out a job application
Components of a job interview CEW 13.2.11.A, 13.3.11.A.
Be able to respond to the 10 key questions of a job interview CEW 13.2.11.A
Able to identify the pay range for the considered position BCIT 15.6.12.F
Students will identify key phrases and negotiating tactics used during the interviewing process
Identify conflict resolution skills as they relate to the workplace CEW 13.3.11.C
Differentiate between saving and investing
Develop and evaluate spending and savings plans.
Evaluate saving and investment options to meet short and long term goals
Be able to identify and describe opportunity cost associated with decision-making
Fill out a job application
Roll play in pairs. Evaluate participation and answers to questions.
Writing assessment: Answer the question, “Why should I hire you?”
Formative assessments on terminology
Textbook assignments
Unit test
Sim – Finding a Job
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: October
Content Skills Assessment
The paycheck and calculating net pay Components of a budget Budgeting - How to get the most of what they want – now and later Banking – concentration on checking accounts
Differentiate gross pay, deductions and net pay
Calculate tax, unemployment and social security deductions to arrive at net pay BCIT 15.6.12.E, 15.6.12.S
Create a money plan and be able to allocate income with expenses so that they balance
Evaluate spending and savings decisions in order to implement a budget CEW 13.3.11.D, BCIT15.6.12.B
Evaluate services provided by financial institutions
BCIT 15.6.12.G
Steps involved in opening and using a checking account
Write a check, make a deposit, endorse a check
Keep a register balance
Reconcile a check register with a bank statement
Consequences of “bouncing a check”
Complete problems that require net pay calculations.
Textbook assignments
Given an income and the components of most households, students will create a budget that balances their incomes with expenses
Given a specific set of bills to pay, students will simulate writing a check, entering the information on a register, endorse a check, make a deposit, and reconcile a bank statement.
Unit test
Sim – Budgeting & Saving
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: November
Content Skills Assessment
FINANCING HIGHER EDUCATION Good Debt vs Bad Debt Contrast grants, scholarships, work study and loans Benefits/costs of private and federal student loans Summarizing current tuition and housing costs
Seeing examples of debt labeled as good and bad, students will formulate and write a definition of good and bad debt.
Determine the ideal choices for financial assistance.
BCIT 15.6.12.B
Identify sources of funding for student assistance.
BCIT 15.6.12.H
Examine a FAFSA form and connect its relevance to student aid.
Flowchart options for private and federal student loans.
Contrast private and federal student loans.
Identify at least four types of federal student loan programs.
Investigate tuition and housing costs for community, state and private colleges/universities.
Draw conclusions from the data, indicating a relationship between cost and type of education.
Written definitions will be screened by instructor.
Students will label areas of a FAFSA form and it will be collected for accuracy.
Teacher will examine flowcharted notes.
Initiate and evaluate discussion stemming from financial video and published opinion on student loan debt.
Cooperative class activity where teacher compiles student data and guides students to interpret results.
Unit test.
Sim – Education & Advancement
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: December
Content
Skills
Assessment
The magic of Compound Interest
The Rule of 72
What can I do to prepare myself for retirement? Is it too early to start thinking about retirement?
Saving vs Investing
Stages of Investing
Type of Investor
Active vs. passive
Diversification
ROI – Return on Investment
Significance of Inflation
“Free Money,” company match options, that increase ROI for retirement investments
Investment options arranged by risk
Functions of the Federal Reserve
Distinguish between simple and compound interest
Know how to calculate the future value of money using the Rule of 72 BCIT 15.6.12.Q
Differentiate between saving and investing
Clearly identify the importance of investing for the future BCIT 15.6.12.A
Summarize and differentiate the stages of Investing
Correlate saving and investing strategies to changes in the life cycle of a person BCIT 15.6.12.B, 15.6.12.G, 15.6.12.P, 15.6.12.R
Determine what type of investor you are as it relates to risk and active vs. passive.
Connect diversification to minimizing risk
BCIT 15.6.12.A, 15.6.12.R
Calculate ROI and determine effectiveness of investment, with the consideration of inflation.
Calculate ROI for company matching percentages given for 401K BCIT 15.6.12.R
Recall investment options in the order of lowest risk to highest risk BCIT 15.6.12.R
Examine the functions of the Federal Reserve
BCIT 15.6.12.I
Calculate a future dollar value given specific parameters
Formative assessments
Complete case scenarios based on age and living circumstances for investment strategies.
Perform the risk tolerance self-assessment test to determine one’s emotional connection to risk.
Calculate ROI for case scenarios
Textbook assignments
Complete an Investment pyramid showing the low to high associated risk
Unit Test
Sim – Shopping
- Choosing & Balancing a Chkg Acct - Using Online Banking
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: January
Content Skills Assessment
Investing in stocks Features of common stock Features of preferred stock How to choose stock Process of buying stock Long and short term investment strategies Investment strategies Stock Listings
Mid-Term
Examine the history of stock performance and consequences of selling and buying
Examine the features of common stock and preferred stock
Identify terms frequently used to describe stocks such as PE ratio, Return, dividend, 52 week high and low.
Identify types of stocks indexes ( Dow Jones, NASDQ, S & P 500)
Contrast the classification of stocks ( Income, Growth, Penny, Defensive, Cyclical)
BCIT 15.6.12.R
Contrast Bull vs. Bear market
.
Calculate ROI for stock investments
Differentiate - buy and hold, short selling, dollar cost averaging, direct investment and dividend reinvestment BCIT 15.6.12.A
Access stock listings and profiles
Formative assessment on vocabulary
Complete stock indicator worksheet for a company
Complete stock research for group activity and make oral presentation
Complete worksheets on ROI for stock investments
Textbook assignments
Unit Test
Student Stock Portfolio using online Simulation from MarketWatch
Sim – Diversification
- Intro to Investing
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: January/February
Content
Skills
Assessment
Investing in Bonds Valuing Bonds Profiting from falling interest rates
Investing in Mutual Funds, Real Estate, and Other Alternatives Types of mutual funds Profiting from Mutual Fund Investment
Identify the components and characteristics of bonds and the types of bonds Examine government securities including treasury bills notes, municipal bonds BCIT 15.6.12.S Discuss the bond rating system Calculate the value of bonds, realizing premium and discounted bonds BCIT 15.6.12.A
Compare and contrast different types of bonds to determine investment options and tax advantages BCIT 15.6.12.E
Identify components, characteristics and types of mutual funds (Growth, Income, balance, Bond, global, Index, Money Market) BCIT 15.6.12.A Connect types of funds to diversification and risk BCIT 15.6.12.G
Include bond purchase in stock portfolio Formative assessments Case scenarios valuing bond options. Textbook assignments Unit Test
Research mutual funds on Vanguard and Fidelity web sites. Include mutual fund purchase in stock portfolio Formative assessments Textbook assignments Unit Test Sim – Risk & Return
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: February
Content Skills Assessment
Real-estate as an investment
Mortgages
Amortization Schedules
Precious Metals, Gems and Collectibles
Profiting from collectibles
Identify the types of commercial real-estate investments (land, duplexes, apartments, condominiums, REIT’s) BCIT 15.6.12.H
Document terminology
Use amortization schedules. BCIT 15.6.12.J
Given parameters such as % down payment and interest rate, use the amortization calculator to determine monthly payments.
Compare and contrast payments based on length of time and interest rate. BCIT 15.6.12.J
Identify potential investment choices in precious metals, gems and collectables and their investment value BCIT 15.6.12.P
Identify sources for purchase of gems and collectables.
Examine terminology associated with diamond purchases
Using the Internet trace present and historic gold values, as well as silver and copper
Interview individuals having real estate investments
Complete case scenarios using amortization schedules
Textbook assignments
Formative assessments
Calculate the value of pre1964 silver coins for the silver contained in the coin.
Calculate the value of copper and gold coins based on the content of the precious metal
Formative assessments
Sim – Investing for Retirement
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: March
Content Skills Assessment
Taxes
Our tax system
Progressive and regressive taxes
Components of the tax system
Terms of our tax system
Filing status
Exemption
Deductions
AGI (adjusted gross income)
Taxable income
Tax owed
Refunds
Filing a tax return
1040EZ form
Define terminology, examine history of tax system and the purpose of tax revenue BCIT 15.6.12.E, 15.6.12.S
Determine the tax implications from certain decisions they make such as buying a house, investing in taxable or tax free investments BCIT 15.6.12.E
Identify components of a typical tax filing and how they affect overall income BCIT 15.6.12.E
Given a set of parameters and fictitious W-2, file a 1040 EZ tax return
Formative assessment
Complete various tax filings using fictitious w-2, tax tables and other parameters
Textbook assignments
Unit Test
Sim – Paying Your Taxes
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: April
Content Skills Assessment
Credit in America
Analyze factors that affect the choice of credit, the cost of credit and the legal aspects of using credit
The history of credit in America
Credit today
Advantages and disadvantages of credit
Credit terms and credit card terms
APR
Grace period
Annual fees
Finance charge or interest charge
Credit vs. Debit cards
Loans as credit
Closed end credit or installment credit
Revolving credit
Home equity line of credit
Where to obtain loans
Banks, credit unions, S&L, finance companies, mortgage companies, pawn shops, pay day lenders
Identify when and why to use credit, as well as methods of establishing credit BCIT 15.6.12.K
Identify various types of credit (Installment, revolving, mortgage student loan, etc.) BCIT 15.6.12.L
Compare and contrast various credit card offers and other types of loan offers. BCIT 15.6.12.H
Calculate payment strategies using the “Rule 20/10”
Examine case scenarios that look at the relevance of using credit for specific purchases. BCIT 15.6.12.H
Pre Test
Research credit card offers on line. Compare and contrast at least 3 credit card offers and determine which the best offer is.
Formative assessment
Worksheet on Payment Strategy
Cooperative activity on smart borrowing
Textbook assignments
Sim – Getting a Credit Card
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: April
Content Skills Assessment
The 5 ‘s of Credit
Your information and credit scores
The Big 3 credit rating companies
What goes into making and maintaining a good credit score?
Cost of Credit – How poor credit scores cost more
Bankruptcy
Identity theft
Credit fraud and credit card fraud
List the 5 C’s of credit and how they relate to the individual student BCIT 15.6.12.K
Access one of the three credit bureaus to determine if fraud as occurred. BCIT 15.6.12.K
Connect credit scores to good or bad ratings
Summarize the consequences of decisions and give examples of good opportunities for securing and building credit BCIT 15.6.12.H
Determine how to “fix” a bad credit score and utilize the PA Attorney General’s website BCIT 15.6.12.L, 15.6.12.M
Calculate the financial impact of the consequences for not paying credit obligations on time. BCIT 15.6.12.K
Examine the various types of bankruptcy and how they affect credit BCIT 15.6.12.L
Explore the ever present threat of identity theft and how it can affect credit BCIT 15.6.12.M
Determine how to correct identity theft problems
BCIT 15.6.12.M
Formative assessments
Textbook assignments
Request a real credit report.
Note: Every year a few students identify that they have been victims of identity theft from a relative, usually a parent. These students are to be shown the sites on line to correct this and be referred to guidance. We are NOT to give any advice or counsel these students. The only advice is to go on line and to go to guidance.
Unit Test
Sim – Fixing Your Credit
Stock market simulation paper is due, showing investment strategies used for student portfolios.
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: May
Content Skills Assessment
Housing
Housing alternatives
Advantages and disadvantages to renting & owning
Rental Leases
Mineral Rights
Mortgage Calculations, impact of changing terms Closing on a house
Compare and contrast housing alternatives and living arrangements BCIT 15.6.12.A
List advantages and disadvantages of possible housing alternatives
Examine lease agreements to determine meaning of symbols, terms and specific phrases relevant to obtaining housing
Explore the impact of mineral rights and the mining of natural gas to property sellers and buyers
Determine the financial impact of mortgage terms and rental payments on personal wealth by performing calculations BCIT 15.6.12.B, 15.6.12.H, 15.6.12.J
Research housing based on a given amount of money to spend on a place to live. Must stay within 28% of net income
Complete leasing assignment that requires access to actual leases and terminology
Textbook assignments
Formative assessments
Unit Test
Sim – Finding an Apartment
- Buying a Home
CURRICULUM MAP
Course /Subject: Finance and Investment Grade: 9, 10, 11, 12 Month: May / June
Content Skills Assessment
BUYING A CAR
Steps and strategies
Research and compare
Pricing schemes
Financing
Cost to operate
Warranties
Personal Risks and Insurance
Basic insurance terms
Why insurance and how does it work?
Automobile Insurance
Homeowners Insurance
Renter’s Insurance Life Insurance Health insurance Personal Umbrella Policy
Virtual Business Personal Finance simulation From Knowledge Matters
Review for the final
Final Exam
Students will demonstrate the ability to purchase a car including picking a model within their budget, negotiate the best price and secure financing using the available tools on the internet BCIT 15.6.12.B,
BCIT 15.6.12.G
Calculate the financial impact of miles per gallon, depreciation and car repair on cost.
Connect the need for insurance to possible financial loss. BCIT 15.6.12.N
Recall terminology
Solve insurance scenarios by selecting accurate insurance coverage to protect financial loss.
BCIT 15.6.12.N
Read , write and complete computer component to simulation for finding a job, place to live, maintain healthy eating, manage finances, build credit, obtain further education, pay taxes and invest. BCIT 15.6.12.A, 15.6.12.B, 15.6.12.F, 15.6.12.G, 15.6.12.H, 15.6.12.R Re-examine course content by studying notebook and taking notes from teacher review.
Research automobiles and complete evaluative worksheets.
Formative assessments
Unit Test
Sim – Buying a Car
Textbook assignments
Formative assessments
Cooperative activities with teacher monitoring
Unit Test
Sim – Insurance
Final Exam
The Virtual Business Finance simulation is the transfer task for this course. Lessons in this simulation will be assessed.
Business, Computer and Information Technology Standards - 15.6 FINANCE AND ECONOMICS
15.6.12.A. Evaluate the impact of internal and external influences on financial decisions.
15.6.12.B. Analyze financial decisions for major purchasing events occurring at different stages in life, systematically considering alternatives
and consequences.
15.6.12.C. Reference Career Education and Work13.3.11.D Develop a personal budget based on career choice, such as, but not limited to:
Charitable contributions, Fixed/variable expenses, Gross pay, Net pay, Other income, Savings, Taxes
15.6.12.D. Develop criteria to evaluate employment options.
15.6.12.E. Assess the purpose, source, and impact of various taxes.
15.6.12.F. Evaluate criteria for personal spending in relation to the economic climate.
15.6.12.G. Identify strategies for personal financial management
15.6.12.H. Evaluate payment methods for major purchases.
15.6.12.I. Analyze the functions of the Federal Reserve and other financial institutions.
15.6.12.J. Analyze the total cost of a major purchase loan agreement using fixed and variable interest rates, calculated over time.
15.6.12.K. Analyze the impact of a positive or negative credit history.
15.6.12.L. Research major consumer credit laws and their impact on individuals in debt.
15.6.12 M. Assess the impact of identity theft; develop a plan for correcting a negative credit report.
15.6.12.N. Compare and contrast various suppliers of insurance products and develop criteria to evaluate individual insurance needs.
15.6.12 O. Develop criteria for a disaster management plan that includes provisions for secure storage of digital and paper documents, inventory
of household items, cash reserves, and medical records.
15.6.12.P. Develop financial investment plans to accommodate various economic and personal scenarios.
15.6.12.Q. Apply the “Rule of 72” to estimate the number of periods required to double an investment.
15.6.12.R. Compare and contrast various investment plans to achieve goals of liquidity, income, and growth.
15.6.12.S. Analyze the role of government in investment planning and retirement planning.