Download Economics and Personal Finance

RICHMOND COUNTY
PUBLIC SCHOOLS
Economics and Personal Finance
Rappahannock High School
6914 Richmond Road
Warsaw, Virginia 22572
Tel: 804-333-3551
Fax: 804-333-5186
http://www.richmond-county.k12.va.us/
Student Signature______________________ Parent Signature________________________ Date________
Course Description
2013/2014 Economics and Personal Finance
(6120/36 weeks)
Note: As enacted by the General Assembly of 2011 and prescribed by the Board of Education, beginning with
students who enter the ninth-grade class of 2011-2012 and beyond, students shall earn one (1) standard credit in
Economics and Personal Finance in fulfillment of the graduation requirement for the Standard and Advanced
Studies diplomas. The one (1) standard credit earned for the Economics and Personal Finance course (6120)
shall count only once towards graduation requirements.
Suggested Grade Level: 11, 12
Online & Blended Instruction
Students learn how to navigate the financial decisions they must face and to make informed decisions related to
career exploration, budgeting, banking, credit, insurance, spending, taxes, saving, investing, buying/leasing a
vehicle, living independently, and inheritance. Development of financial literacy skills and an understanding of
economic principles will provide the basis for responsible citizenship and career success. In addition to
developing personal finance skills, students in the 36-week course will also study basic occupational skills and
concepts in preparation for entry-level employment in the field of finance. The course incorporates all
economics and financial literacy objectives included in the Code of Virginia §22.1-200-03B.
Virtual Virginia Economics and Personal Finance
The Virginia Department of Education, with the generous support of the Virginia 529 College Savings Plan and
the Virginia Bankers Association Education Foundation, has developed a comprehensive, cutting-edge, online
program aligned to the Virginia Standards of Learning for Economics and Personal Finance. This program
supports school compliance with the new requirement that each student in Virginia complete an economics and
personal finance course before graduation. The online course can be used as self-paced and auto-graded
instruction with minimal teacher intervention or as a textbook replacement for teacher-led instruction. It
includes cartoons, interactive graphics, and a myriad of interactions and assessments that enrich the learning
experience and that provide re-teaching opportunities. A rich simulation environment also allows students to
practice their newly acquired skills through characters that make economic decisions. The course is available to
all Virginia schools and was developed using standard SCORM modules, which allow deployment through any
compliant learning management system.
Industry Certification
Industry Certifications:
WISE Financial Literacy Test – For more information go to: http://www.moneypower.org/wise/withframes.jsp
Students will earn a verified credit for passing the WISE test and receiving the certification.
Dual Enrollment
FIN 107 Personal Finance 3 Credits
Required:
Deadline:
Cost per credit:
Total credits:
Total cost:
Payment due:
RCC application and placement testing
15 days from entry into course
$5
3
$15
30 days after entry into course
General Information
Instructor:
Email:
Brent Brown
[email protected]
Classes:
1 (RED) DE Personal Finance & Economics
1 (GRY) Planning
2 (RED) DE Entrepreneurship
2 (GRY) DE Personal Finance & Economics
3 (RED) DE Personal Finance & Economics
3 (GRY) DE Personal Finance & Economics
4 (RED) Planning
4 (GRY) DE Principles of Business
Course:
http://www.virtualvirginia.org/
Workbook:
Personal Finance Math Skills & Student Activities by EMC Publishers
Course Grade:
Daily Participation
Class Activities Notebook
Virtual Virginia Online Course Modules
Virtual Virginia Online Quizzes and Tests
How Much Does It Take Presentation
Governor’s Challenge Financial Plan
Everfi Online Modules
CLASS RULES
1.
2.
3.
4.
5.
Be polite and respectful. Treat everyone as unique and valuable individuals.
Follow directions.
Use class time wisely. Class time is limited and the course material is very valuable.
Students may use three hall passes per nine weeks to be used after the first 10 minutes of class and not
during teacher instruction.
Do not call out of turn or cause unnecessary class disruptions.
Demerits
C - Calling out without raising hand
A - Does not pay attention
H - Hands or feet on others
D - Does not follow directions
R - Rude comment to teacher
I – Using internet for non-school related purposes
N - Interrupts class with noises
Calendar & Outline
Virtual Virginia
1st Nine Weeks – 22 days
Unit 7 Career Decisions and Investing in Human Capital
Introduction, Class Procedures, & RCC Placement Testing
Lesson 23 Education and Income – Days 1-2
Module 82: Evaluating the Financial Benefits of Education
Module 83: Making Decisions Based on Financial Benefits and Lifestyle Trade-Offs
Module 84: Researching Careers
Module 85: Finding a Good Fit—Self-Evaluation of Strengths versus Interests
Lesson 24 Investing in Yourself - Day 3
Module 86: Developing Good Financial, Health, Educational, and Social Habits
Module 87: Setting Lifelong Goals—Short- and Long-Term Planning
Lesson 25 Understanding Financial Forces – Day 4
Module 88: Understanding Economic Trends
Module 89: Large-Scale Economic Shifts (Boom or Bust)
Unit 8 Taxes
Lesson 26 Taxes – How They Affect You – Days 5-6
Module 90: Planning Ahead in the Short Term
Module 91: Long-Term Tax Planning
Module 92: Preparing throughout the Year
Module 93: Filing for an Extension and Avoiding an Audit
Lesson 27 State and Local Taxes – Days 7-8
Module 94: Who Collects Taxes?
Module 95: Preparing Income Tax Returns
Module 96: Revisit the Federal Budget
Module 97: Politics: Interplay Between Local, State, and Federal Taxes
Unit 9 Money Management – Keeping More Money in Your Pocket
Lesson 28 Setting Financial Goals – Days 9-11
Module 98: Saving Up to Buy a Car
Module 99: Paying for Post-High School Education
Module 100: How to Buy a House
Lesson 29 Creating a Budget – Days 12-13
Module 101: An Annual Budget
Module 102: Monthly and Weekly Budgets
Lesson 30 Your Personal Net Worth – Days 14-15
Module 103: Maximizing Investments
Module 104: Why You Should Evaluate the Value of Your Assets Over Time
Unit 10 Banking Essentials
Lesson 31 Banking Basics – Days 16-18
Module 105: Banking Basics
Module 106: Financial Institution Services
Module 107: Types of Accounts
Module 108: Avoiding Fees and Maximizing Interest Revenue
Module 109: E-banking
Module 110: Evaluating Financial Institutions
Lesson 32 Handling Your Account – Days 19-20
Module 111: Maintaining Account Records
Module 112: Why the Bank Balance and Your Balance May Not Be the Same
Module 113: Setting Aside Money for Annual and Monthly Expenses
Unit 11 The Bottom Line on Borrowing
Lesson 33 Loans and You – Days 21-22
Module 114: Expenditures That May Require a Loan
Module 115: Costs Associated with Loans/Reducing the Size of Loans
2nd Nine Weeks – 22 days
Lesson 34 Credit and Credit Cards – Days 1-3
Module 116: Activities That Establish Your Credit Rating
Module 117: Increasing Your Credit Rating
Module 118: Credit Cards vs. Debit Cards
Module 119: Comparison Shopping for Credit Cards
Module 120: Tracking and Managing Credit Card Expenditures
Lesson 35 Maintaining Creditworthiness – Day 4
Module 121: Factors That Affect Your Credit Rating
Module 122: Getting Information on Your Credit Rating
Lesson 36 Managing Debt – Days 5-6
Module 123: Effective Debt Management
Module 124: Conspicuous Consumption
Module 125: Filing for Bankruptcy
Unit 14 Financial Planning
Lesson 45 Investments – Days 7-8
Module 141: Choosing a Variety of Investments
Module 142: Bull Market
Module 143: Bear Market
Lesson 46 Excess for Investment – Day 9
Module 144: Creating Excess for Investment
Module 145: Investing Time in Monitoring Investments
Lesson 47 Wise Planning – Days 10-14
Module 146: Avoiding Shortcuts
Module 147: The Role of Inflation
Module 148: Planning for Retirement
Module 149: Estate Planning
Unit 15 The Stock Market
Lesson 48 Understanding the Stock Market – Day 15
Module 150: Basics of Stocks—Choosing Investments That Match Your Needs
Module 151: E-trading
Lesson 49 Low Risk Investment Options – Day 16
Module 152: Types of Low-Risk Investments
Module 153: Investment Goals Change Over Time, So Portfolios Should Change
Lesson 50 High Risk Investing – Day 17
Module 154: Types of High-Risk Investments
Module 155: Watch for Red Flags
Unit 16 Insurance: How to Protect Yourself
Lesson 51 Insurance Basics – Days 18-22
Module 156: Types of Insurance
Module 157: Health Insurance Choices
Module 158: Types of Life Insurance
Module 159: Automobile Insurance
Module 160: Securing Your Assets and Protecting Against Lawsuits
3rd Nine Weeks – 22 days
Unit 12 Smart Spending
Lesson 37 The Role of Incentives – Day 1
Module 126: Examples of Incentives
Module 127: Evaluating the True Cost and True Value
Lesson 38 Comparison Shopping – Day 2
Module 128: Metrics to Use
Module 129: Understanding Marketing
Lesson 39 Automobile – Lease or Purchase? – Day 3
Module 130: Comparing Total Cost of a Lease vs. Purchase
Module 131: Benefits and Disadvantages of Leasing and Purchasing
Lesson 40 Housing – Rent or Buy? – Day 4
Module 132: Comparing Total Cost of a Lease vs. Purchase
Module 133: Benefits and Disadvantages of Renting and Buying
Unit 13 Consumer Skills
Lesson 41 Developing Consumer Skills – Day 5
Module 137: Understanding Contracts
Lesson 42 Understanding Contracts – Day 5
Module 137: Understanding Contracts
Lesson 43 Consumers and the Environment – Day 6
Module 138: The True Cost of Goods
Module 139: Consumer Groups—Impact on Environmental Issues
Lesson 44 Buyer Beware! Frauds – Day 7
Module 140: Frauds, Scams, and Schemes
Everfi Financial Modules – Days 8-11
1 Credit Score
2 Insurance
3 Credit Cards
4 Taxes
5 Investing
6 Savings
7 401KS
8 Mortgages
Governor’s Challenge Case Study – Days 12-22
4th Nine Weeks – 22 days
Economics – Unit 1 The Basics
Lesson 1 Economics and Economic Decisions
Lesson 2 Economic Systems
Lesson 3 Factors of Production
Lesson 4 Production/Consumption
Lesson 5Types of Businesses
Lesson 6 Firm Behavior
WISE Testing
Formative Assessments
1st Nine Weeks
How Much Does It Take?
Students create a presentation that maps out their own future in relation to each of the modules below. Students will be given specific
instructions as we proceed through each lesson and module. Progress on presentations will be monitored and graded every two weeks for
multiple grades.
Participation and Notebook
Students will complete various activities in the Personal Finance Student Activities Book and Personal Finance Math Skills Book. Activities will
be graded after completion.
Governor’s Challenge Practice
Students work in groups as financial advisors working for an investment company. Students will put together a financial plan for
a family. Progress on financial plans will monitored and graded weekly for multiple grades.
Notebook
Notebooks will be graded every two weeks and should include terms and certain activities from each module.
Virtual Virginia Modules
Activities, comprehension checks, and homework checks will be graded after completion.
2nd Nine Weeks
How Much Does It Take?
Students create a presentation that maps out their own future in relation to each of the modules below. Students will be given specific
instructions as we proceed through each lesson and module. Progress on presentations will be monitored and graded every two weeks for
multiple grades.
Participation and Notebook
Students will complete various activities in the Personal Finance Student Activities Book and Personal Finance Math Skills Book. Activities will
be graded after completion.
Governor’s Challenge Practice
Students work in groups as financial advisors working for an investment company. Students will put together a financial plan for
a family. Progress on financial plans will monitored and graded weekly for multiple grades.
Notebook
Notebooks will be graded every two weeks and should include terms and certain activities from each module.
Virtual Virginia Modules
Activities, comprehension checks, and homework checks will be graded after completion.
3rd Nine Weeks
How Much Does It Take?
Students create a presentation that maps out their own future in relation to each of the modules below. Students will be given specific
instructions as we proceed through each lesson and module. Progress on presentations will be monitored and graded every two weeks for
multiple grades.
Participation and Notebook
Students will complete various activities in the Personal Finance Student Activities Book and Personal Finance Math Skills Book. Activities will
be graded after completion.
Governor’s Challenge Case Study
Students work in groups as financial advisors working for an investment company. Students will put together a financial plan for
a family. Progress on financial plans will monitored and graded weekly for multiple grades.
Notebook
Notebooks will be graded every two weeks and should include terms and certain activities from each module.
Virtual Virginia Modules
Activities, comprehension checks, and homework checks will be graded after completion.
Everfi Financial Modules
Students complete online interactive learning modules. Modules will be graded after completion.
4th
Nine Weeks
How Much Does It Take?
Students create a presentation that maps out their own future in relation to each of the modules below. Students will be given specific
instructions as we proceed through each lesson and module. Progress on presentations will be monitored and graded every two weeks for
multiple grades.
Participation and Notebook
Students will complete various activities in the Personal Finance Student Activities Book and Personal Finance Math Skills Book. Activities will
be graded after completion.
Governor’s Challenge Case Study
Students work in groups as financial advisors working for an investment company. Students will put together a financial plan for
a family. Progress on financial plans will monitored and graded weekly for multiple grades.
Notebook
Notebooks will be graded every two weeks and should include terms and certain activities from each module.
Virtual Virginia Modules
Activities, comprehension checks, and homework checks will be graded after completion.
Everfi Financial Modules
Students complete online interactive learning modules. Modules will be graded after completion.
Summative Assessments
1st Nine Weeks
Pre-Test - Wise Practice Certification Test (50 Questions)
Benchmark - Wise Test – Banking (10 Questions)
Benchmark – Wise Test - Interest and The Cost of Money (10 Questions)
Wise Practice Online National Certification Test
2nd Nine Weeks
Benchmark – Wise Test – Money (10 Questions)
Benchmark – Wise Test – Credit (10 Questions)
Benchmark – Wise Test – Investing (10 Questions)
Virtual Virginia Assessment – Modules 82-120
3rd Nine Weeks
Post-Test – Wise Practice Certification Test (50 Questions)
Virtual Virginia Assessment – Modules 121-160
4th Nine Weeks
WISE Online National Certification Test
Final Exam