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Financial Literacy and Junior Achievement Syllabus and the 2020 Campaign

3 months ago

By Charlie Floyd


Students in the 6th, 7th, and 8th grades will study investing, savings, loans, advertising, and consumer trends using workbooks, the Stock Market game, South Carolina Business Review (radio broadcasts), Financial Football, loan and mortgage calculators, student-led classroom bank, Making Sense (PBS News hour by Paul Solman), internet articles, newspapers, and financial texts.  All students will receive information to help them gain and hold onto the elusive dollar. The classes will also monitor campaign 2020.

General Objectives:

1.      Participate in the stock market game; a virtual computer contest where teams around South Carolina compete to take a $100,000 virtual investment to create a stock portfolio with the goal of gaining a return on this capital. 

2.    Research commission fees, preferred stocks, capital gains taxes, and investments to see how all are used to stimulate wealth creation.

3.    Strive to become more active in the investing and savings field than in the credit card and consumer areas.

4.    Attempt to understand the complications of globalism and how that might affect a students future situations.

 5.   Follow and investigate the 2020 electioneering.

 

Course Requirements, Classroom Guidelines, and Expectations:

Success in the classroom is greatly affected by the conduct of those in the classroom.  The following four school wide rules have been developed to help students be successful.

 

1.     Follow directions.

2.    Keep hands, feet, and other objects to yourself.

3.    Bring materials to class.

4.    Show respect for yourself, your school, and others.



In addition, all students should follow all district guidelines as specified in the student handbook . My classroom guide:

     E-Earnings

     M-Money and Markets

     S-Satisfaction with one's financial achievement



Materials:

Pencils or Pens

Notebook

Calculator

 

 

Grades:

Graded assignments include:

Quizzes

Class work

Tests

Grading Scale:

90-100     A

80-89       B

70-79       C

60-69       D

0-59         F

 Class work will be collected every 4 to 6 days for a grade



Financial Literacy/Junior Achievement

Tentative Course Outline

 First Quarter

Week 1

Insurance, Premiums, Deductibles  

Credit Cards

Week 2

Pay Yourself First

Retire Debt Early 

Title Loans/Pay Day Loans ...Election 2020

Week 3

Retire Debt Early 

Dividends as a Capital Growth Instrument

Week 4

 Home Mortgage Loans (3.4% vs. 15.4% in case of an A.R.M)

Junior Achievement Exercise

Week 5

15 Year Loans vs. 30 Year Notes...Election 2020

Week 6

C.D.'s vs. Money Market vs. Checking Account Interest Rates...Stock Market Game

Week 7

Banks vs. Credit Unions

Junior Achievement Exercise

Week 8

Federal and State Income Taxes...Election 2020

Week 9

Gross Pay vs. Net Pay

Junior Achievement Exercise

Second Quarter

Week 1

401k's, IRA’s, College Savings Programs

Week 2

Student organized bank

Junior Achievement Exercise...Election 2020

Week 3

W-2’s vs. W-4’s

Week 4

1040 EZ vs. 1040 Long Form

Week 5

Qualifying for Itemized Deduction

Junior Achievement Exercise

Week 6

Bonds (Taxable) vs. Tax Free Municipal Bonds 

Goal Setting by Age...Election 2020

Week 7

Microeconomics and what role it plays in household budgeting in the 21st century

Junior Achievement Exercise

Week 8

Macroeconomics and how will this complicated theoretical information affect the job market for the Millennials and future generations...Election 2020

Week 9

The law of supply and demand, diminishing returns, and scarcity will be researched on a discovery basis *


*


Financial Literacy Standards

 

Financial Responsibility and Decision Making

Standard 1:  Take responsibility for personal financial decisions.

Standard 2:  Make financial decisions by systematically considering one's choices.                                                  

                       

Income and Careers

Standard 1:  Explore career options.

Standard 2:  Describe factors affecting take-home pay.

 

Planning and Money Management

Standard 1:  Develop a plan for spending and saving.

Standard 2:  Apply consumer skills to purchase decisions.

 

Credit and Debit

Standard 1:  Identify the costs and benefits of various types of credit.

Standard 2:  Describe ways to avoid or correct debt problems.

 

Risk Management and Insurance

Standard 1:  Identify common types of risks and basic risk management methods.

Standard 2:  Explain the purpose and importance of health, disability, and life insurance protection.

 

Saving and Investing

Standard 1:  Discuss how saving contributes to financial well-being.

Standard 2:  Explain how investing builds wealth and helps meet financial goals.

Standard 3:  Describe how to buy and sell investments.

Standard 4:  Explain how taxes affect the rate of return on investments.

 

 Election 2020

 Standard 1: Republics allow choice and elections have consequences

 Standard 2: Why do voters... "vote their pocketbooks".

More information can be found at the following websites:

https://ed.sc.gov/instruction/standards-learning/social-studies/financial-literacy/

https://www.councilforeconed.org/resource/national-standards-for-financial-literacy/#sthash.gCCnSvQe.dpbs

https://www.juniorachievement.org/web/ja-usa/home