Bus 116 Personal Finance. Explain how the economy works and what it means to you.

Transcription

1 Personal Decision Making Economics Achievement Standard: Use a rational decisionmaking process as it applies to the roles of citizens, workers, and consumers. Achievement Standard: Assess opportunity costs and trade-offs involved in making choices about how to use scarce economic resources. Bus 116 Personal Finance Explain how the economy works and what it means to you. Discuss how to combine spendable dollars and spendable leisure time in the most rewarding way. Describe the various methods used in financial planning for later years. MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Reading Chapter 1 of - Define personal financial planning. - Naming and understanding the essential steps of financial planning. - Identifying factors that affect financial decisions. - Explaining opportunity costs associated with personal financial decisions. - Identifying strategies for achieving financial goals at different stages of life. Reading Chapter 3 of - Discussing the relationship between opportunity costs and money management. - Explaining the benefits of keeping financial records and documents. - Describing a system to maintain personal

2 Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) financial documents. - Describing a personal balance sheet and cash flow statement. - Developing a personal balance sheet and cash flow statement. - Identifying the steps of creating a personal budget. - Discussing the advantage of increasing your savings. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Chapter Tests

3 Earning a Living Achievement Standard: Achievement Standard: Identify various forms of income and analyze factors that affect income as a part of the career decision-making process. Bus 116 Personal Finance Describe the role of work and income. Describe the advantages and disadvantages of working for yourself. Explain the importance of knowing about income taxes. MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Reading Chapter 2 of - Identifying the personal issues to consider when choosing and planning your career. - Explaining how education and training affect career advancement. - Discuss the factors that influence employment. - Describing effective strategies to obtain employment. - Identifying sources of career opportunities. - Identifying the financial and legal issues to consider when looking for employment. Reading Chapter 12 of - Discussing the importance of tax planning. - Identifying your taxable income.

4 Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) - Explaining deductions and tax credits. - Explaining the W-4 form. - Describing the types of federal income tax forms. - Identifying tax strategies. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Managing Finances and Budgeting Achievement Standard: Develop and evaluate a spending/savings plan. Bus 116 Personal Finance Create a workable plan using goal setting and budgeting. MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Chapter Tests Reading Chapter of Finance Textbook 1: - Define personal financial planning. - Naming and understanding the essential steps of

5 Demonstrate a basic knowledge of buying, financing, renting and selling a home. Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) financial planning. - Identifying factors that affect financial decisions. - Explaining opportunity costs associated with personal financial decisions. - Identifying strategies for achieving financial goals at different stages of life. Reading Chapter 3 of - Discussing the relationship between opportunity costs and money management. - Explaining the benefits of keeping financial records and documents. - Describing a system to maintain personal financial documents. - Describing a personal balance sheet and cash flow statement. - Developing a personal balance sheet and cash flow statement. - Identifying the steps of

6 Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) creating a personal budget. - Discussing the advantage of increasing your savings. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Saving and Investing Achievement Standard: Evaluate savings and investment options to meet short- and longterm goals. Bus 116 Personal Finance Demonstrate a basic knowledge of how to make money grow through investments. Describe the various methods used in financial planning for later years. MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Exhibit knowledge of basic Chapter Tests Reading Chapter 8 of - Explaining how to establish goals for a savings or investment program. - Discussing ways to obtain funds for investing. - Identifying the factors

7 Explain the importance of knowing about income taxes. Demonstrate a basic knowledge of buying, financing, renting and selling a home. Demonstrate a basic knowledge of estate planning. expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) Solve routine two-step or threestep arithmetic problems that affect your investment choice. - Identifying the main types of savings and investment alternatives. - Explaining the steps involved in developing a personal investment plan. - Describing your role in a personal investment program. - Identifying sources of financial information. Reading Chapter 9 of - Explaining the reasons for investing in common stock. - Explaining the reasons for investing in preferred stock. - Identifying the types of stock investments. - Identifying sources of information to evaluate stock investments. - Discussing the factors that affect stock prices. - Describing how stocks

8 involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) are bought and sold. - Explaining the trading strategies used by longterm investors and shortterm investors. Reading Chapter 10 of - Describing the characteristics of corporate bonds. - Identify the reasons corporations sell bonds. - Explaining why investors buy corporate bonds. - Discussing the reasons governments issue bonds. - Identifying the types of government bonds. - Identifying sources of information for selecting bond investments. - Identifying types of mutual funds. - Discussing sources of information for selecting mutual funds. - Describing the methods of buying and selling

9 mutual funds. Reading Chapter 11 of - Explaining the different types of real estate investments. - Discuss the advantages and disadvantages of real estate investments. - Identifying the different types of precious metal and gem investments. - Describing collectibles investments. - Analyze the risks of investing in precious metals, gems, and collectibles. Reading Chapter 12 of - Discussing the importance of tax planning. - Identifying your taxable income. - Explaining deductions and tax credits.

10 - Explaining the W-4 form. - Describing the types of federal income tax forms. - Identifying tax strategies. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Buying Goods and Services Achievement Standard: Apply a decisionmaking model to maximize consumer satisfaction when buying goods and services. Bus 116 Personal Finance Demonstrate knowledge of the habits of a smart shopper. Explain frauds and swindles and how to avoid them. MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Chapter Tests Reading Chapter 4 of - Determining the factors that influence buying decisions. - Explaining a researchbased approach to buying goods and services. - Identifying strategies for

11 Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) making wise buying decisions. - Identifying ways to solve consumer problems. - Describe the legal alternatives for consumers. Reading Chapter 6 of - Explaining the meaning of consumer credit. - Differentiate between closed-end credit and open-end credit. - Name the five C s of credit. - Identifying factors to consider when choosing a loan or credit card. - Explaining how to build and protect your credit rating. - Discussing how to protect oneself from fraud and identity theft. - Identifying ways to manage debt problems.

12 Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) READING Supporting Details: - Locate basic facts (e.g., names, dates, events) clearly stated in a passage. (13-15) Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Chapter Tests - Locate simple details at the sentence and paragraph level in uncomplicated passages. (16-19) Banking Achievement Standard: Evaluate services provided by financial deposit institutions to Bus 116 Personal Finance Demonstrate a basic knowledge of financial institutions. - Locate important details in uncomplicated passages. (20-23) MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Reading Chapter 5 of - Identifying types of financial services. - Describing the various types of financial

13 transfer funds. Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) institutions. - Comparing the costs and benefits of different savings plans. - Explaining features of different savings plans. - Comparing the costs and benefits of different types of checking accounts. - Explaining how to use a checking account effectively. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Chapter Tests

14 Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) READING Supporting Details: - Locate basic facts (e.g., names, dates, events) clearly stated in a passage. (13-15) - Locate simple details at the sentence and paragraph level in uncomplicated passages. (16-19) - Locate important details in uncomplicated passages. (20-23) Using Credit Achievement Standard: Analyze factors that affect the choice of credit, the cost of Bus 116 Personal Finance Explain the wise and unwise uses of credit and borrowing. MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Reading Chapter 6 of - Explaining the meaning of consumer credit. - Differentiate between closed-end credit and

15 credit, and the legal aspects of using credit. Demonstrate a basic knowledge of buying, financing, renting and selling a home. Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) open-end credit. - Name the five C s of credit. - Identifying factors to consider when choosing a loan or credit card. - Explaining how to build and protect your credit rating. - Discussing how to protect oneself from fraud and identity theft. - Identifying ways to manage debt problems. Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) Reading Chapter 7 of - Evaluating various housing alternatives. - Assessing the advantages and disadvantages of renting. - Identifying the costs of renting. - Identifying the advantages and disadvantages of owning a residence. - Explaining how to evaluate a property.

16 Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) - Discussing the financing involved in purchasing a home. - Describing a plan for selling a home. Analysis of current events involving the applicable textbook chapters learned in class. READING Supporting Details: - Locate basic facts (e.g., names, dates, events) clearly stated in a passage. (13-15) - Locate simple details at the sentence and paragraph level in uncomplicated passages. (16-19) Topic-related research projects using the computer lab. Topic-related worksheets Chapter Tests Protecting Against Risk Achievement Standard: Analyze choices available to consumers for protection against Bus 116 Personal Finance Explain the wise and unwise uses of credit and borrowing. - Locate important details in uncomplicated passages. (20-23) MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Reading Chapter 6 of - Explaining the meaning of consumer credit. - Differentiate between closed-end credit and

17 risk and financial loss. Explain frauds and swindles and how to avoid them. Demonstrate a basic knowledge of how to make money grow through investments Explain how life, health and income insurance protect from risk. Demonstrate knowledge of the costs of transportation. Demonstrate a basic knowledge of estate planning. Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) open-end credit. - Name the five C s of credit. - Identifying factors to consider when choosing a loan or credit card. - Explaining how to build and protect your credit rating. - Discussing how to protect oneself from fraud and identity theft. - Identifying ways to manage debt problems. Reading Chapter 7 of - Evaluating various housing alternatives. - Assessing the advantages and disadvantages of renting. - Identifying the costs of renting. - Identifying the advantages and disadvantages of owning a residence. - Explaining how to evaluate a property.

18 Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) READING Supporting Details: - Locate basic facts (e.g., names, dates, events) clearly stated in a passage. (13-15) - Locate simple details at the sentence and paragraph level in uncomplicated passages. (16-19) - Locate important details in uncomplicated passages. (20-23) - Discussing the financing involved in purchasing a home. - Describing a plan for selling a home. Reading Chapter 8 of - Explaining how to establish goals for a savings or investment program. - Discussing ways to obtain funds for investing. - Identifying the factors that affect your investment choice. - Identifying the main types of savings and investment alternatives. - Explaining the steps involved in developing a personal investment plan. - Describing your role in a personal investment program. - Identifying sources of financial information.

19 Reading Chapter 13 of - Identifying types of risks and risk management methods. - Explaining how an insurance program can help manage risks. - Describing the importance of property and liability insurance. - Identifying the types of insurance coverage and policies available to homeowners and renters. - Analyzing the factors that influence the amount of coverage and cost of home insurance. -Identifying the important types of motor vehicle insurance coverage. - Explaining factors that affect the cost of motor vehicle insurance. Reading Chapter 14 of - Explaining the

20 importance of health insurance in financial planning. - Analyze costs and benefits of various health insurance - Differentiate between private and government health care plans. - Explain the importance of disability insurance in financial planning. - Describing different sources of disability income. - Describing various types of life insurance coverage. - Identifying the key provisions in a life insurance policy. Reading Chapter 15 of - Explaining the importance of retirement planning. - Identifying retirement living costs and housing needs.

21 - Describing the role of Social Security in planning for retirement. - Discussing the benefits offered by employer pension plans. - Explaining various personal retirement plans. - Identifying various types of Wills. - Discussing several types of Trusts. - Describing common characteristics of estates. - Identifying the types of taxes that affect estates. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Chapter Tests

22 Entrepreneurs and Entrepreneurial Opportunities Achievement Standard: Recognize that entrepreneurs possess unique characteristics and evaluate the degree to which one possesses those characteristics. Bus 116 Personal Finance Describe the advantages and disadvantages of working for yourself. MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Chapter 1 of Entrepreneurship Textbook: - Identifying characteristics of successful entrepreneurs. - Understanding whether entrepreneurship is right for the individual. - Identifying business opportunities and setting goals. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Chapter Tests Perform computations on data from tables and graphs. (16-19)

23 Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing with a given average. (20-23) Entrepreneurs - Finance Achievement Standard: Use the financial competencies needed by an entrepreneur. Bus 116 Personal Finance Create a workable plan using goal setting and budgeting. Perform straightforward word-tosymbol translations. (20-23) MATH - Perform one-operation computation with whole numbers and decimals. (13-15) Exhibit knowledge of basic expressions (e.g., identify an expression for a total as b + g). Reading Chapter 3 of - Discussing the relationship between opportunity costs and money management. - Explaining the benefits of keeping financial records and documents. - Describing a system to maintain personal financial documents.

24 (13-15) Solve routine one-step arithmetic problems (using whole numbers, fractions, and decimals) such as single-step percent. (16-19) Solve some routine two-step arithmetic problems. (16-19) Probability, Statistics, & Data Analysis: Read tables and graphs. (16-19) Perform computations on data from tables and graphs. (16-19) Substitute whole numbers for unknown quantities to evaluate expressions. (16-19) Solve routine two-step or threestep arithmetic problems involving concepts such as rate and proportion, tax added, percentage off, and computing - Describing a personal balance sheet and cash flow statement. - Developing a personal balance sheet and cash flow statement. - Identifying the steps of creating a personal budget. - Discussing the advantage of increasing your savings. Reading Chapter 7 of Entrepreneurship Textbook: - Describing how to put together a financial plan. - Describing how to obtain financing for one s business. - Explaining how to and the need to insure one s business. Reading Chapter 12 of Entrepreneurship Textbook: - Describing how to manage one s cash flow. - Analyzing one s

25 with a given average. (20-23) Perform straightforward word-tosymbol translations. (20-23) financial performance. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Entrepreneurs - Legal Achievement Standard: Analyze how forms of business ownership, government regulations, and business ethics affect entrepreneurial ventures. Bus 116 Personal Finance Describe the advantages and disadvantages of working for yourself. Explain the wise and unwise uses of credit and borrowing. READING Supporting Details: - Locate basic facts (e.g., names, dates, events) clearly stated in a passage. (13-15) - Locate simple details at the sentence and paragraph level in uncomplicated passages. (16-19) - Locate important details in uncomplicated passages. (20-23) Chapter Tests Reading Chapter 16 of Finance: - Identifying the advantages and disadvantages of a sole proprietorship. - Explaining the difference between general and limited partners. - Identifying the advantages and disadvantages of a partnership.

26 - Describing types of corporations. - Summarizing the process of forming a corporation. - Identifying the advantages and disadvantages of a corporation. Analysis of current events involving the applicable textbook chapters learned in class. Topic-related research projects using the computer lab. Topic-related worksheets Chapter Tests