Download Course Syllabus - Lee County Schools

Teacher:
Mr. Justin Wilkinson
Phone Number:
Room #:
1026
Class Time:
Email:
[email protected]
919.776.7541 x 2620
First Block
SCHEDULE FOR FALL 2016:
Block 1: 8:00 to 9:35
ACADEMY OF FINANCE: Financial Services & Financial Planning
Bock 2: 9:41 to 11:11
MICROSOFT IT ACADEMY: Excel & Access
Block 3: 11:17 to 1:23
Planning
Block 4: 1:29 to 3:00
ACADEMY OF FINANCE: Business Economics & Professional Ethics
GRADING SCALE AND PERCENTAGES:
Grading Scale:
A = 100 - 90
B = 89 – 80
C = 79 - 70
D = 69 - 60
F = 50 - 0
Classwork/Homework 40%
Classwork: consists of NAF Curriculum lessons and assignments
Homework: consists of the few activities that are completed outside of class
NAF Track Final Exam.....20%
NAF developed test administered at the end of the quarter.
Tests/Culminating Project/Presentations..... 40%
Tests taken in class and the quarter long culminating project/presentations
AOF: Financial Services
Financial Services provides students with an overview of banks and other financial services companies. The course
begins by introducing students to the origins of money and banking, and then examines the early history of banking in the
United States. Students move into an in-depth study of the financial services industry and explore the types of companies
that make up this industry. Students learn about the services offered by such companies and analyze the ways these
companies earn profits. This course also introduces students to the main concepts behind investing and discriminates
among different ways to invest money. Students examine contemporary issues including the level of personal saving in
the United States, ethics in the financial services industry, and the industry’s effect on communities and families.
Students apply what they have learned over the course to the culminating project, making recommendations for two
financial services products that will serve to both benefit their own community and be profitable at the same time. Working
in strategy teams, students identify needs in their community that might be addressed through two financial services
products. They then develop these ideas into a formal presentation that they give before an invited audience of
community leaders. Finally, students get a chance to consider the types of careers that exist in financial services
companies.
Unit 1: Getting Started
Lesson 1: Course Introduction
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Deduce the skills and knowledge about financial services needed to be successful in an authentic project
Identify general financial services terms with which to build a taxonomy
Describe what is included within the financial services industry
Make inferences about the many ways in which the financial services industry serves society
Lesson 2: Types of Financial Services Companies
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Compare and contrast different types of financial services companies
Compare and contrast the services offered by different types of financial services companies
Evaluate the positive and negative effects of offering similar services between different types of financial services
companies
Unit 2: Banking and Investing
Lesson 3: The Origins of Money and Banking
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Describe the main characteristics of money and explain why it is important for money to have these characteristics
Explain the idea of a bartering system and compare its advantages and disadvantages
Describe the evolution of coins and paper money
Describe the evolution of banking and its role within the finance industry
Lesson 4: Banking in the United States
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Summarize the development of the US banking system
Describe the primary role of banks in the economy
Explain what the Federal Reserve is, what it does, and how it works
Lesson 5: Services Provided by Banks
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Describe how banks provide ways for individuals to use their own money
Explain how banks provide additional money for individuals to use
List services offered by banks
Lesson 6: Introduction to Investing
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Describe the different reasons that people invest
Compare and contrast the different types of investment products
Explain basic investment concepts, such as risk tolerance, liquidity, compounding interest, and deferred taxation
Summarize the various services offered by investment companies
Describe the reasons why investment companies offer so many different services and products
Unit 3: Capital and Financial Markets
Lesson 7: Alternative Types of Financial Services Companies
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List and define alternative types of financial services companies
Describe the function and services of alternative types of financial services companies
Compare and contrast the different functions and purposes of alternative types of financial services companies to
society
Lesson 8: Insurance
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Describe different types of insurance and summarize their purpose
Explain the importance of having insurance to protect individuals from certain risks
Deduce how to obtain the best rates possible on car insurance for teens
Demonstrate the ability to research, write, and perform a PSA skit
Unit 4: Contemporary Banking Issues
Lesson 9: Ethics and Financial Services
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Compare and contrast the terms ethics, morals, and values
Evaluate ethical scenarios and develop personal positions with respect to specific dilemmas
Describe the Equal Credit Opportunity Act and discuss its importance
Identify ethical and moral challenges faced by financial services professionals
Explain the major social issues that affect the financial services industry
Lesson 10: Saving
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Explain why many young people are unprepared for their financial future
Compare and contrast different types of savings accounts and the interest rates that they offer
Describe how savings accounts can help you reach your financial goals
Lesson 11: Debt and Credit
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Evaluate the impact credit and debt have on their lives
Compare and contrast the arguments for and against allowing high school students to have credit cards
Explain how to become a responsible user of credit
Lesson 12: Regulation in the Financial Services Industry
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Describe the concept of regulation
Explain the purpose of regulation
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Compare and contrast the agencies responsible for regulation
Evaluate why financial institutions should or should not be regulated
Unit 5: Careers in Financial Services
Lesson 13: Culminating Project
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Demonstrate the ability to apply financial services concepts to particular community needs
Evaluate the local community where they live and its need for financial services
Develop a responsive set of financial services products for the local community
Design an effective proposal from an investment firm offering financial services products to the local community
Lesson 14: Working in the Industry
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List the types of jobs that are available in the financial services industry
Describe entry-level jobs in the industry and corresponding qualifications
Evaluate which jobs are most suitable based on personal interests and skills
Create a profile for an appropriate college choice
Lesson 15: Project Presentation and Course Closure
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Demonstrate the ability to give a professional presentation
Evaluate personal experience and performance in the course
Summarize key learning across the whole subject of financial services
Monitor personal success in learning about financial services
AOF: Financial Planning
Financial Planning provides students with an overview of the job of a financial planner. Students look at financial planning
in an objective way that requires them to regard all aspects of financial planning as relevant to a potential client.
Students learn about the importance of financial planning in helping people reach their life goals, how to set personal
financial goals and a budget, the ethical code of certified financial planners, time-and-money relationships, and taxreduction strategies. The course includes lessons on saving, borrowing, credit, and all types of insurance. It covers
various types of investments, including income and growth investments. The course also discusses retirement and estate
planning.
Students apply their knowledge in an integrated culminating project, in which they create a basic financial plan for
themselves as they imagine themselves to be at the age of 25. The project allows students to actively practice the key
services provided by financial planners. At the end of selected units, students use their knowledge to complete sections of
a financial planning template, setting financial goals, determining insurance needs, creating investment strategies, and
planning for retirement. In addition to giving students a forum in which they can demonstrate their learning, the project
provides a framework for students to create a pathway to financial independence.
This course is expected to take a total of 78 50-minute class periods.
Unit 1: Getting Started
Lesson 1: Course Introduction
Estimated # of Class Periods: 2
Learning Objectives
 Infer the skills and knowledge about financial planning needed to be successful in an authentic project
 Identify general financial planning terms with which to build a taxonomy
Lesson 2: Introduction to Financial Planning
Estimated # of Class Periods: 3
Learning Objectives
 Evaluate how the finances of an individual or family can impact one’s life
 Display understanding of key terms in financial planning
 Demonstrate the ability to manage and conduct an informational interview with a Certified Financial Planner
 Create a concise outline describing what a financial planner does and the skills, experiences, and educational
background necessary to enter the profession
Lesson 3: The Importance of Financial Planning
Estimated # of Class Periods: 2
Learning Objectives
 Explain the key reasons why people undertake financial planning
 List the key milestones in life, and understand how planning can lead to their successful outcome
 Display understanding of the reasons why not planning can be a risk
Unit 2: The Financial Planning Process
Lesson 4: Components of a Financial Plan
Estimated # of Class Periods: 4
Learning Objectives
 Describe how financial planning strategies help individuals achieve key milestones in life
 Display understanding of how financial planning helps protect against common risks
 List the different components of a financial plan, and explain the purpose of each
Lesson 5: Factors That Shape Personal Financial Goals
Estimated # of Class Periods: 3
Learning Objectives
 Explain the differences between needs and wants
 Display understanding of the way values play a role in determining needs and wants
 Create personal goals that are specific, measurable, attainable, realistic, and time-bound (SMART)
Lesson 6: Setting Personal Financial Goals
Estimated # of Class Periods: 3
Learning Objectives
 Explain why people set goals and discuss the implications of not setting goals and/or failing to reach one’s goals
 Describe the key goal of financial independence
 Explain the differences between long-, mid-, and short-term goals and how to plan for them
 Create personal financial goals and prioritize them by importance
Lesson 7: Creating a Personal Budget
Estimated # of Class Periods: 4
Learning Objectives
 Explain why accurately and completely tracking one’s finances is an important step in achieving financial goals
 Define the terms net worth, fixed expenses, and variable expenses
 Describe the components of a balance sheet, cash flow statement, and personal budget
 Create a sample balance sheet and cash flow statement
Unit 3: Borrowing and Credit
Lesson 8: Borrowing Money
Estimated # of Class Periods: 4
Learning Objectives
 Identify criteria used to decide whether and when borrowing money is a good financial strategy
 Define key terms related to borrowing
 Display understanding of the risks of borrowing
 Compare and contrast the key sources of lending
 Identify the criteria lenders use when evaluating loan applications
Lesson 9: Credit Cards
Estimated # of Class Periods: 5
Learning Objectives
 Display understanding of how credit cards work and how they can build credit history
 Describe the dangers of credit card misuse
 Explain consumer rights in regard to credit cards
 Create instructional materials to explain the proper use of credit cards to others
Unit 4: Insurance
Lesson 10: Insurance and Financial Planning
Estimated # of Class Periods: 3
Learning Objectives
 Display understanding of the critical and pervasive role that insurance plays in mitigating financial risk
 Describe insurance protections provided by certain types of insurance, and evaluate whether certain age groups
need each type
 Compare and contrast the risks that different types of insurance cover
Lesson 11: Auto and Property Insurance
Estimated # of Class Periods: 3
Learning Objectives
 Explain why auto and property insurance rates differ depending on a range of factors
 Develop knowledge-based recommendations on the importance of auto and property insurance coverage and their
key components
Lesson 12: Health and Disability Insurance
Estimated # of Class Periods: 3
Learning Objectives
 Display understanding of the importance of health insurance in protecting against the risk of injury or illness
 Explain the importance of disability insurance in protecting against the risk of lost wages due to injury or illness
 Explain the differences and similarities between the different types of health insurance plans
Lesson 13: Life Insurance
Estimated # of Class Periods: 3
Learning Objectives
 Describe the role that life insurance plays in a financial plan
 Identify the different types of life insurance
 Demonstrate the ability to match life insurance policy types to client scenarios based on specific client needs and
explain the rationale
 Evaluate insurance policies and deduce which one is appropriate for himself or herself at age 25
Unit 5: Investing
Lesson 14: Investment and Compound Interest
Estimated # of Class Periods: 4
Learning Objectives
 Explain how compounding interest makes it beneficial to begin investing early
 Describe the many reasons why people invest
 Identify key characteristics of different investment types
 Describe a set of recommendations for investment types based on specific client needs
Lesson 15: Income Investment Products
Estimated # of Class Periods: 3
Learning Objectives
 Explain the major income investment products (passbook savings, CDs, bonds, and money market accounts)
 Compare and contrast the characteristics and uses of major income investment products
 Develop responses to common questions about income investment products posed by hypothetical clients
Lesson 16: Stocks, Bonds, and Mutual Funds
Estimated # of Class Periods: 5
Learning Objectives
 Describe and compare the characteristics, advantages, and disadvantages of the key growth investment products
(stocks, bonds, and certain mutual funds)
 Develop appropriate recommendations for investment products to meet specific short-, mid-, and long-term goals
 Describe where and how growth investment products can be purchased
Lesson 17: Housing
Estimated # of Class Periods: 2
Learning Objectives
 Describe the role that housing plays in a financial plan
 Compare the benefits and drawbacks of both renting and owning a home
 Explain what to look for when buying or renting a home
Unit 6: Retirement and Estate Planning
Lesson 18: Planning for Retirement
Estimated # of Class Periods: 4
Learning Objectives
 Compare the differences between a comfortable and well-planned retirement and one for which there was not
sufficient preparation
 Describe the key retirement planning tools and strategies, such as IRAs, annuities, and other long-term
investments
 Explain how and why retirement planning is important and how it can impact one’s senior years
Lesson 19: Estate Planning
Estimated # of Class Periods: 2
Learning Objectives
 Describe key concepts in estate planning, such as wills, powers of attorney, living wills, and trusts
 Explain the risks of not having a living will and granting power of attorney
 Summarize the tax advantages of trusts when bequeathing assets
Unit 7: Contemporary Issues in Financial Planning
Lesson 20: Tax-Reduction Strategies
Estimated # of Class Periods: 2
Learning Objectives
 Explain key concepts within income tax codes
 Describe the basic process involved in filing income tax forms
 Develop effective tax-reduction strategies that meet the needs of hypothetical clients
Lesson 21: Ethics
Estimated # of Class Periods: 2
Learning Objectives
 Summarize a code of ethics for financial planners
 Develop examples of how ethics play a role in real-life financial planning situations
 Demonstrate the ability to make an ethical decision in a complex situation
Unit 8: Career Development in Financial Planning
Lesson 22: Working in the Industry
Estimated # of Class Periods: 2
Learning Objectives
 List the types of jobs that are available in the industry
 Describe entry-level jobs in the industry and corresponding qualifications
 Evaluate which jobs are most suitable based on personal interests and skills
 Develop effective responses to common job interview questions
Lesson 23: Learning from Industry Experts
Estimated # of Class Periods: 4
Learning Objectives
 Evaluate personal experience and qualifications for potential employment opportunities
 Display understanding of potential employment opportunities
 Develop a personal career path for financial planning
 Create a company profile
Lesson 24: Project Presentation and Course Closure
Estimated # of Class Periods: 6
Learning Objectives
 Demonstrate the ability to give a professional presentation
 Monitor personal success in learning about financial planning
 Summarize key learning across the project and the whole subject of financial planning