HONORS ECONOMICS UNIT 6
3/31 - 4/11

UNIT 6 CONTENT MAP

Unit 6 Notes

Unit 6 Review Powerpoint

APR

TRUTH-IN-LENDING ACT

CAPACITY

CHARACTER

CAPITAL

FAIR CREDIT REPORTING ACT

PHISHING

CREDIT REPORT

FICO SCORE

BUDGET

INCOME

NEEDS

WANTS

DEBT

ATM

EFT

CHECK

OVERDRAFT

CREDIT CARD

DEBIT CARD

DIRECT DEPOSIT

INSTALLMENT LOAN

REVOLVING CREDIT

COMPOUND INTEREST

BANKRUPTCY

CONSUMER PROTECTION ACT

VIN

DEPRECIATION

WARRANTY

NEGOTIATION

SECURITY DEPOSIT

FAIR HOUSING ACT

RENT

TENANT

LEASE

LANDLORD

GRANT

STUDENT LOAN

WORK STUDY PROGRAM

FINANCIAL AID

FAFSA

WEEK 13
3/31 - 4/4

LESSON

IN CLASS

HOMEWORK

Monday

Lesson 1

Portfolio Check

Essential Questions:

        How can the concepts we have learned so far be used to explain the fluctuations in the stock market?

        How are those fluctuations reflected in the changes in the value of your portfolio?

Activity: 

        Student teams will have individual conferences to discuss current stock portfolios.

        Using the SMG Portfolio rubric, each portfolio will be assessed on being current, complete, and accurate.

        Students will be assessed on their knowledge and explanation of their current holdings and their evaluation of current holdings, market movements, and future transactions.

 

PORTFOLIO RUBRIC

CATEGORY/POINTS

3

2

1

Current

Value

Complete, current, and accurate; printed

Either incomplete or inaccurate; printed

Inaccurate and Incomplete; handwritten

Comments

Complete clear comments on current holdings.

Incomplete or unclear comments on current holdings

Incomplete, unclear, or absent comments.

Company Research

Complete, accurate research reports on current holdings.

Incomplete or inaccurate research on current holdings.

Incomplete and inaccurate research; clearly done at last minute.

Portfolio

Explanation

Clear and complete understanding of current holdings and value.

Unclear or incomplete understanding

of current holdings.

Student does not seem at all prepared

Read: Textbook, Personal Finance handbook, appendix 6-7

Bring:  laptop, portfolio, and pencil for worksheet.

Due: Your printed Stock Portfolio will be assessed Monday—it must be complete, clear, and accurate.  This is SUMMATIVE!  Here is the Rubric.

Tuesday

Lesson 2

Checking and Saving Accounts

Essential Questions:

        How do you maintain and check a bank balance?

        What is the purpose of balancing a checkbook?

Activity: 

        Teacher will project a check register on the screen in class and take students through the various items that can be included on it.

        Students will work in small groups with teacher consultation to fill out a check register. 

        Register page will be checked for correctness by teacher based on checklist

        Students will have to balance their own check book as a homework assignment. The formative assessment will be a take home version of the same page.

Read: Textbook, Personal Finance handbook, appendix 8-9

Concepts to Master:

        Checking Account

        Savings Account

        Interest Rate

        Bank Balance

        ATM

        EFT

        Overdraft

        Direct Deposit

Wednesday

Lesson 3

Credit Cards

Essential Questions:

        What is the advantage in comparison shopping for credit cards?

Activity: 

        Teacher led discussion about credit cards: how they work and how banks use them to generate revenue.

        Students will break into small groups and do an on-line search for credit card offers.

        Items to search for and consider when researching credit cards: interest rates, minimum payments, bank support, purchase protection, loyalty programs, billing cycles, terms of use.

        Student groups will present their findings to the class and make a recommendation as to which card is the best one to have.

Read: Textbook, Personal Finance Handbook, appendix 22-23

Concepts to Master:

        Credit Card

        Debit Card

        Charge Card

        Finance charges

Thursday

Lesson 4

Watch: The Apprentice Series 3.10

http://www.crawfordsworld.com/rob/HEC/HECVIDApprentice3/apprentice3logo.jpg

Trump allowed Angie, Chris and Stephanie to steal Alex from Magna, then laid out the next task: each team will create a brand-new type of pizza for Dominos which using topping that Dominos didn't normally use, then make and sell their pizzas from a mobile kitchen. The winner will be the team with the highest sales and total revenue.

Activity: There is a lot to follow in this episode, and students should pay attention to assessing and grading the teams on the following:

        Marketing

o   Target

o   Identify

o   Brand

o   Offer

        Merchandising

o   Product

o   Pricing

o   Placement

o   Packaging

        Point of Sale/Service/Satisfaction

o   Production Quality

o   Purchase Experience

        Leadership

o   Prioritizing

o   Delegating

o   Collaborating

Assignment:  Complete the Apprentice Assessment worksheet.

Answers must be In Your Own Words.

This MUST be turned in at the END of class -- any assignment turned after class will be penalized 1 point

Read: Textbook, Personal Finance Handbook, appendix 24-25

Bring Pencil for Video Quiz

*Makeup - to make the quiz up if you are excused absent the day of a video, follow these directions:

1.     Watch appropriate episode of Apprentice online here.

2.     Complete the Apprentice Assessment Worksheet in complete sentences, print out the worksheet, and hand in to Mr. Crawford in room 213.

3.     This MUST be completed before the NEXT Apprentice assignment or it will remain a 0 for assessment purposes. 

Friday

Lesson 5

Credit Rating

Essential Questions:

        What is your credit rating and how does it affect your personal life?

Activity: 

        Teacher led graphic representation of compound interest.

        Compound interest will use the highest interest rate found by groups from the credit card websearch to show what the result of making minimum payments

        Teacher will present sample credit rating for discussion purposes. Students will research the possible effect of bankruptcy on an individual’s credit rating and the effect on their personal life.

Read: Textbook, Personal Finance Handbook, appendix 26-27

Concepts to Master:

        Credit Report

        FICO Score

        Capacity, Character, Capital

        Phishing

        Debt

        Revolving Credit

        Compound Interest

        Fair Credit Reporting Act

WEEK 14
4/7 – 4/11

LESSON

IN CLASS

HOMEWORK

Monday

Lesson 6

Home and Car Loans

Essential Questions:

       How does one shop for, apply for, and monitor loans?

Activity: 

        Teacher led discussion about the nature of loans

        Students will break into small groups and do an on-line search for car loans and mortgage loans.

        Items to search for and consider when researching loans: interest rates, payments and penalties, bank support and insurance.

        Student groups will present their findings to the class and make a recommendation about which bank/organization one should get a loan from.

        Students will write a one paragraph summary of their position about mortgages (30yr vs. 15 yr; fixed vs. variable rates)

Read: Textbook, Personal Finance Handbook, appendix 32-35

Concepts to Master:

        Installment Loan

        Bankruptcy

        VIN

        Negotiation

        Warranty

        Depreciation

        Debt ratio

Tuesday

Lesson 7

Student Loans

Essential Questions:

        What are some ways to pay for college?

Activity: 

        Teacher led discussion about the nature of student loans

        Teacher led discussion about how much a loan really costs.

        Issue of credit rating and cost of loans will also be covered

        Students will run the math in small groups for three different interest rates based on good, fair or bad credit rating.

        Teacher will conference with each group to assure understanding.

Read: Textbook, Personal Finance Handbook, appendix 4-5

Concepts to Master:

        Grant

        Student Loan

        Work Study Program

        GSL

        Financial Aid

        FAFSA

Wednesday

Lesson 8

Budgeting for College

Essential Questions:

        What is the REAL cost of college?

Activity: 

  • Powerpoint Presentation: College Costs

  • Discussion of college budget considerations: housing, transportation, food, social life, personal expenses, etc.

  • Students are going to work in pairs to come up with all of the items they will have to consider when they go to college next year.  Teacher will consult with each group and make suggestions where appropriate.

  • Class discussion about college budgeting.

Read: Textbook, Personal Finance Handbook, appendix 40-41

Concepts to Master:

        Income

        Expenses

        Needs

        Wants

Thursday

Lesson 9

Watch: The Apprentice Series 3.11

http://www.crawfordsworld.com/rob/HEC/HECVIDApprentice3/apprentice3logo.jpg

Each team will get the chance to show off their creativity by designing their own line of clothing with a budget of $5,000 to create "wearable technology" for American Eagle Outfitters. American Eagle executives will determine the winners. Alex to be Project Manager for Net Worth while Tana was the obvious choice for Magna

Activity: Students should pay particular attention to assessing and grading the teams on the following:

        Merchandising

o   Pricing

o   Product

o   Placement

o   Packaging

        Leadership

o   Prioritizing

o   Delegating

o   Collaborating

Assignment:  Complete the Apprentice Assessment worksheet.

Answers must be In Your Own Words.

This MUST be turned in at the END of class -- any assignment turned after class will be penalized 1 point

Read: Money Online Magazine, “How to Make a College Budget”

Bring Pencil for Video Quiz

*Makeup - to make the quiz up if you are excused absent the day of a video, follow these directions:

1. Watch appropriate episode of
Apprentice online here.
2. Complete the
Apprentice Assessment Worksheet in complete sentences, print out the worksheet, and hand in to Mr. Crawford in room 213.
3. This MUST be completed before the NEXT Apprentice assignment or it will remain a 0 for assessment purposes. 

Friday

Lesson 10

 Budgeting for College

Essential Questions:

        How will you afford college next year?

Activity: 

  • Using the instructions for the College Budget Project, students will individually create a budget that reflects living in the city in which their college is located. 

  • Here is an online budget spreadsheet here to help you start, and here is an excellent college budget spreadsheet template for excel to use for your final budget printout.

  • This budget will be handed in as an assessment after getting approval from their parents.

  • Parents will have a separate form to sign that says they have reviewed the budget with their child and approve/disapprove of the line items

 Read: College Budgeting Project Assignment

 

Concepts to Master:

  • Budgeting
  • Spreadsheet formatting