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Why Finance? We live in a world driven by an exchange of goods and ideas, but these cost something in return.
Choose one of the 3 links and email me your reflection paragraph.
1. Personal Finance Course on Boundless (website)
Why is Finance so important to study? Why is it important for the page define Leverage? What happened in 2008? How can personal finance be applied to Business?
2. Top 10 Myths of Personal Finance (video)
Which myth were you familiar with? Which myth are you going use? Has any of these affected you or someone you know (family/friends)? What do you want to know from this course?
3. 5 Reasons Why Finance is a Good Major (article)
Would you want a job in Economics and Finance (and why)? What does the article share is best about studying finance? Find a college you would enjoy attending and find their School of Business or Economics page and add the link: Why does this appeal to you?
Review: When finished take the JA Finance Park Pretest on page 1-3 (questions 1-23)
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Financial Institutions include many different groups and companies all set up to handle money.
Check out the Ted.ed activity on Banks and complete all sections.
Assess: Complete the following Quiz
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Debit means "subtract", as in it comes out of your money.
Read Investopedia's explanation of debit, then complete page 6.
Read page 7 and find a partner to compare your work on page 6.
Now you will complete a checking register on page 8+9.
You should either watch this video from Expert Village or join in the Learning Circle if you are struggling.
Review: Compare work with someone you didn't work with. If you have different final balance, figure out which of you is wrong.
Assess: You will complete page 10+11 as a quiz
Extra: Check out Bellco's short video on Checking Account Management or Liberty Bank's Balance a Checkbook
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Credit means "borrow", as in you buy now but pay later.
Read page 17 then choose on of the following videos (ranked by your understanding of Credit) to watch:
(Basic) What's a credit card?
(Proficient) How it Works: Credit Card Transaction Process
(Advanced) Financial Aid's: What is Debt?
Complete page 18.
Review: Choose one of the three scenarios from pages 14-16 and answer the scenario's questions.
Assess: Complete the following Quiz
Extra: If you struggle with the difference of Debit vs Credit watch this very short explanation.
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Interest is a fee based on the amount borrowed.
Watch "What is Interest?" and then "What is Interest Rates?"
Complete pages 19-20 by circling the advantages and underlining the disadvantages.
Review: Read page 22 and complete page 23
Assess: Watch either Credit Card Debt Explained (visual) or CC Debt: A Student's Story (interview) to write a reflective paragraph explaining the Pros and Cons of Credit Cards.
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Investments are opportunities for investors to give money to certain institutions to receive more money back in due time.
Read page 30-32
Then use your internet resources to complete page 29. Make sure you use actual business and plan names.
Review: Watch Investing for Beginners then complete page 24 using the two tables to answer the 3 questions.
Extra: If you need more information check out her other videos on Investments
Assess: Choose either:
1. To make an Informational Poster on one type of Investment
2. Write a summary of all 4 Investment types, explaining their strengths and weakness.
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Stocks are investments that provide money to businesses to grow, but the investor's return depends on the market and the business' productivity.
Check out the Wall Street Survivor Stock Playlist.
Watch the first two videos: What are Stocks and Learning about the Stock Market.
Review: Complete page 33 by creating a line graph for Stock Prices over 5 Days for the three stocks.
Extra: Find another video on Stocks and send me the link with an explanation of why the video is useful or interesting.
Assess: Complete page 36 by using Google Finance and typing in three companies of your choosing to find its current stock price.
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Unit Review
You should be able to define:
Financial Institutions
Debit
Credit
Interest
Investments
Stocks
You should be able to:
Balance a checking account
Explain strengths and weaknesses of both Debit and Credit
Find and calculate stock value of a portfolio
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