MONROE TOWNSHIP PUBLIC SCHOOLS WILLIAMSTOWN, NEW JERSEY Williamstown High School Financial Literacy - Semester September 2011 Written by: Stuart Albert Supervisor of Curriculum and Instruction Dr. S. Carvalho
Monroe Township Public Schools Williamstown, New Jersey Philosophy of Education The administration, faculty, and staff of Monroe Township Public Schools, in cooperation with parent and the community, and with active participation of the students, are committed to viewing each other as individuals, respecting each person s uniqueness, and setting high expectations for all students. The school system will assist each student to become a contributing member of our society by providing a learning environment that is responsive to the needs of the individual student, community, and changing society by providing a learning environment that nurtures values and morals. This environment will be conducive to acquisition of knowledge, as well as to the development of problem solving, critical thinking, and organizational skills. We will provide a learning environment that addresses the New Jersey Core Curriculum Content Standards and is responsive to the needs of the individual student, community, and changing society. We will aid our students in developing responsible behavior, a positive attitude toward themselves and others, the necessary life skills to become productive citizens and lifetime learners. We accept the challenge and responsibility of accomplishing these goals. Revised: August, 1996 2
Williamstown High School Williamstown, New Jersey Mission Statement Williamstown High School provides an atmosphere where our students become responsible, productive citizens, and life-long learners. BELIEFS Students are responsible for their education and are accountable for their actions and decisions. Students and staff respect all people regardless of race, color, creed, religion, gender, and sexual orientation. Students, regardless of learning styles and abilities, need to be challenged and inspired in order to achieve their full potential. Students and staff are provided a safe and supportive environment in which they can pursue their educational goals. High expectations are communicated to the students from all members of the school s community. Effective education is a student, staff, and community partnership, which prepares students for the future in a technologically changing society. High school personnel serve as catalysts for academic and personal success for all students. Revised: 2004 3
Monroe Township Public Schools Williamstown, New Jersey Curriculum Philosophy Monroe Township Public Schools offer all students access to curricula that addresses the New Jersey Core Curriculum Content Standards to provide for differentiation in meeting the needs of a variety of learners. All students identified as Special Needs and English language Learners are provided with instruction that will meet the needs as identified in their individual educational plan or as established through the utilization of content area benchmark assessments. Our goal, as a district, is to provide students with the skills necessary to meet the rigor of a selected career in the 21 st century. August 2008 4
Williamstown High School Williamstown, New Jersey Business Department Philosophy The Business Department is dedicated to providing students with the tools they need to function upon graduation in their personal lives, professional endeavors, or continued schooling. A wide selection of courses is designed in alignment with the New Jersey Core Curriculum Content Standards to introduce students to the world of technology, of business and finance, and of personal law and consumerism. Current issues and practices which are addressed in these areas contribute to the well rounded education of all students. Revised: July, 2002 5
PURPOSE STATEMENT This course will focus on the area of personal financial literacy. Students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy. This class will prepare students for careers in the business world as well as provide them with the knowledge to understand the various financial issues they will face upon graduation. Student will be exposed to real business situations utilizing various computer simulations. The New Jersey Core Curriculum Content Standards are implemented throughout the course to reinforce the skills that each student will need to sustain him/herself as an adult in the labor force. COURSE ORGANIZATION Financial Literacy - Semester LENGTH OF TIME: Semester NUMBER OF PERIODS PER WEEK 5 NUMBER OF CREDITS: 2.5 PREREQUISITES: None REQUIRED: Yes RANK: Non-Weighted 6
Williamston High School Williamstown, New Jersey Course Proficiency Requirements Pursuant to the High School Graduation Standards Act (NJSA 18A:7, et. seq.) successful completion of this course will require: A. Regular attendance as mandated by Board Policy. B. Mastery of 70% of the below listed content/objectives and achievement of the proficiencies required: PROFICIENCIES During this course the student will: 1.Understand and follow classroom management rules and office safety procedures in the classroom and in computer areas** 2.Develop skills and strategies that promote personal and financial responsibility related to Income and Careers.** 3.Develop skills and strategies that promote personal and financial responsibility related to Money Management.** 4.Develop skills and strategies that promote personal and financial responsibility related to Credit and Debt Management.** 5.Develop skills and strategies that promote personal and financial responsibility related to Planning, Saving, and Investing.** 6.Develop skills and strategies that promote personal and financial responsibility related to becoming a Critical Consumer.** 7.Develop skills and strategies that promote personal and financial responsibility related to Civic Financial Responsibility.** 8.Develop skills and strategies that promote personal and financial responsibility related to Risk Management and Insurance.** 9.Develop an awareness of careers in global and domestic business. ** CAREER OBJECTIVES This class will prepare students for careers in the business world as well as provide them with the knowledge to understand the various financial issues they will face upon graduation. Student will be exposed to real business situations utilizing various computer simulations. The New Jersey Core Curriculum Content Standards are implemented throughout the course to reinforce the skills that each student will need to sustain him/herself as an adult in the labor force. EVALUATION METHODS Application tests Quizzes Subjective/Objective tests Assigned class activities Class participation 7
EVALUATION METHODS - CONTINUED Homework assignments Portfolios Production assignments Projects Observation of computer use Final Examination 20 percent of final grade **New Jersey Core Curriculum Content Standards 8
Monroe Township Public Schools Curriculum Guide Overview Essential Questions COURSE NAME: Financial Literacy - Semester New Jersey CCCS Corresponding Essential Question(s): 8.1 A Why is safety and organization important in school, home and work? 9.2 A 9.2 B Why is it important to develop skills and strategies that promote understanding the relationship between income and careers? Why is it important to develop skills and strategies that promote understanding of how to manage money? 9.2 C Why is it important to develop skills and strategies that promote understanding of how to manage credit and debt? 9.2 D Why is it important to develop skills and strategies that promote understanding of how to plan, save and invest? 9.2 E Why is it important to develop skills and strategies that promote understanding of how to be a critical consumer? 9.2 F Why is it important to develop skills and strategies that promote understanding of civic financial responsibility? 9.2 G Why is it important to develop skills and strategies that promote understanding of risk management and insurance? 9.3 A, B, C Why is it important to develop an awareness of Business and Finance careers that require the ability to use 21 st century skills? 9
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 1 Students will demonstrate knowledge of: classroom management rules and office safety procedures in computer areas. Standard: 8.1 Essential Question: Why is safety and organization important in school, home and work? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Content Standard CPI Established Goals Content Objectives Measurable Skills The Student will: 8.1 A 1.1 Understand and comply with all classroom management rules as defined by the instructor. Resources Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 8.1 A 1.2 Understand and comply with all computer operation and safety rules as defined by the instructor. 8.1 A 1.3 Follow standard login/logout procedures. 8.1 A 1.4 Identify potential health hazards in a high-technology environment. 8.1 A 1.5 Participate in all standard and emergency safety procedures. 10
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 2 Students will demonstrate knowledge of: skills and strategies that promote personal and financial responsibility related to Income and Careers. Standard: 9.2 Essential Question: Why is it important to develop skills and strategies that promote understanding the relationship between income and careers? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Resources Content Standard CPI Established Goals Content Objectives Measurable Skills The Student will: 9.2 A 2.1 Understand the relationship between educational achievement, career, skills and income. Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 9.2 A 2.2 Describe the various sources of income. 9.2 A 2.3 Explain how income affects spending decisions and lifestyle. 9.2 A 2.4 Understand disposable income and how it is affected by taxes and employee benefits. 11
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 3 Students will demonstrate knowledge of: skills and strategies that promote personal and financial responsibility related to Money Management. Standard: 9.2 Essential Question: Why is it important to develop skills and strategies that promote understanding of how to manage money? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Resources Content Standard CPI Established Goals Content Objectives Measurable Skills The Student will: 9.2 B 3.1 Understand how to set financial goals. Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 9.2 B 3.2 Discuss how to create and maintain a personal budget. 9.2 B 3.3 Explain cash flow systems and business practices. 12
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 4 Students will demonstrate knowledge of: skills and strategies that promote personal and financial responsibility related to Credit and Debt Management. Standard: 9.2 Essential Question: Why is it important to develop skills and strategies that promote understanding how to manage credit and debt? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Resources Content Standard CPI Established Goals Content Objectives Measurable Skills The Student will: 9.2 C 4.1 Understand how to make informed choices about the sources of credit. Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 9.2 C 4.2 Identify the various costs involved in obtaining and using credit. 9.2 C 4.3 Discuss the factors necessary for making informed credit decisions. 9.2 C 4,4 Explain the requirements for managing debt responsibly. 13
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 5 Students will demonstrate knowledge of: skills and strategies that promote personal and financial responsibility related to Planning, Saving, and Investing. Standard: 9.2 Essential Question: Why is it important to develop skills and strategies that promote understanding how to plan, save and invest? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Resources Content Standard CPI Established Goals Content Objectives Measurable Skills The Student will: 9.2 D 5.1 Understand the various basic investment options. Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 9.2 D 5.2 Discuss how investments can assist with achieving financial planning and meeting financial goals. 9.2 D 5.3 Explain basic economic principles and how they affect decisions for investments and financial planning. 14
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 6 Students will demonstrate knowledge of: skills and strategies that promote personal and financial responsibility related to becoming a critical consumer. Standard: 9.2 Essential Question: Why is it important to develop skills and strategies that promote understanding how to be a critical consumer? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Resources Content Standard CPI Established Goals Content Objectives Measurable Skills The Student will: 9.2 E 6.1 Prioritize wants and needs to make informed investments, purchases and decisions. Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 9.2 E 6.2 Understand how cost-benefit analysis informs responsible spending practices. 9.2 E 6.3 Understand consumer rights, responsibilities, and informational resources. 15
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 7 Students will demonstrate knowledge of: skills and strategies that promote personal and financial responsibility related to civic financial responsibility. Standard: 9.2 Essential Question: Why is it important to develop skills and strategies that promote understanding of civic financial responsibility? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Resources Content Standard CPI Established Goals Content Objectives Measurable Skills The Student will: 9.2 F 7.1 Explain the responsibility of individuals to use wealth to support the broader community. Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 9.2 F 7.2 Describe the rights and responsibilities of being a good citizen. 9.2 F 7.3 Explore the role played by philanthropic, charitable and entrepreneurial organizations in supporting local and global communities. 16
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 8 Students will demonstrate knowledge of: skills and strategies that promote personal and financial responsibility related to Risk Management and Insurance. Standard: 9.2 Essential Question: Why is it important to develop skills and strategies that promote understanding of risk management and insurance? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Resources Content Standard CPI Established Goals Content Objectives Measurable Skills The Student will: 9.2 G 8.1 Understand common financial risks and the ways to manage those risks. Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 9.2 G 8.2 Understand the use of insurance to protect consumers against unintended losses. 9.2 G 8.3 Explore the different types of insurance protection and insurance products. 9.2 G 8.4 Describe the costs and benefits of insurance coverage. 17
MONROE TOWNSHIP PUBLIC SCHOOLS INSTRUCTIONAL PLAN Focus Topic # 9 Students will demonstrate knowledge of: careers in global and domestic business. Standard: 9.2 Essential Question: Why is it important to develop an awareness of Business and Finance careers that require the ability to use 21 st Century skills to communicate? Measurable Performance Assessments & Instructional Strategies & Performance Tasks Resources Content Standard CPI 9.3 A 9.3 B 9.3 C Established Goals Content Objectives Measurable Skills The Student will: 9.1 Explain the difference between a career and a job and name ways to find career options. Evidence 1. Problem Based Learning 9. Reading 1. Multiple Choice 9. Self-Assessment 1. Textbooks 2. Teacher Directed 10. Application 2. Essay 10. Class Survey 2. Technology Software 3. Study Groups 11. Lab (report) 3. Fill-In-Blanks 11. Rubrics 3. Technology Hardware 4. Technology 12. Homework 4. Academic Prompts 12. Reflective Discussion 4. Graphic Organizers 5. Demonstration 13. Field Trip 5. Writing Samples 13. Performance Tasks 5. AVA/Video 6. Cooperative Groups 14. Projects 6. Lab Report 14. Teacher Observation 6. Primary Sources 7. Literature Circles 15. Other (explain) 7. Problem Solving 15. Portfolio 7. Resource People 8. Participation & Discussion 8. Oral Presentation 16. Other (explain) 8. Internet Resources 9.3 A 9.3 B 9.3 C 9.3 A 9.3 B 9.3 C 9.3 A 9.3 B 9.3 C 9.2 Describe a personal inventory and list ways to prepare for a career. 9.3 List employability skills and information sources for job openings. 9.4 Describe how to prepare a resume and explain the job application process. 18
APPENDIX 19
APPENDIX 1: ACTIVITIES Section Review Questions Chapter Review Questions Homework Workbook Activities Computer Simulation Activities Internet Activities 20
APPENDIX 2: ASSESSMENT Application tests Quizzes Subjective/Objective tests Assigned class activities Class participation Homework assignments Portfolios Production assignments Projects Observation of computer use Final exam 21
APPENDIX 3: RESOURCES Text/Workbooks Do s and Taboos Around the World Introduction to Business (Textbook) Introduction to Business (Student Activity Workbook) Entrepreneurship Ideas in Action 3 rd Edition Marketing 2 nd Edition Managing Your Personal Finances 4 th Edition CD s and DVD s Century 21-7 th Edition Instructor s Resource CD Exam view Pro CD-ROM Interactive Lesson Planner Introduction to Business PowerPoint Presentations Magazines, Periodicals, Newsletters Business Education FORUM CONVERGE Education>>Technology>>Fast Forward Dictionary of Computer & Internet Terms JARGON - An Informational Dictionary of Computer Terms Keying In The Newsletter of the National Business Education Association National Business Education Association Yearbook National Standards for Business Education New Jersey Business Education Association Observer New Jersey Core Curriculum Content Standards Occupational Outlook Handbook 22
APPENDIX 3: RESOURCES (Continued) Magazines, Periodicals, Newsletters (Continued) New Jersey Business Education Association Observer New Jersey Core Curriculum Content Standards Occupational Outlook Handbook Teaching Business Education The Job Hunting Handbook The Wall Street Journal The Philadelphia Inquirer Forbes Magazine Inc. Magazine Fortune Magazine Federal Reserve Bank publications Software & Internet Virtual Business Retailing Simulation Virtual Business Management Simulation TimeMAPS www.freeteachingaids.com www.introbus.glencoe.com www.prenhall.com/deitel 23
APPENDIX 3: RESOURCES (Continued) Software & Internet (continued) www.swep.com www.thomson.com www.marketwatch.com www.yahoo.com www.google.com www.morningstar.com www.bankrate.com www.ny.frb.org www.phil.frb.org www.fool.com www.ustreas.gov 24