Unit One: Financial Institutions
Students understand the role of financial
institutions and their services by learning about
credit, interest, debit cards, saving, investing,
and stock. They will identify the advantages and
disadvantages of saving, investing, and using
credit. |
Key Learning Objectives Students will be able
to:
- identify services provided by financial
institutions and understand when/how the
services are used.
- explain debit cards and their uses.
- define interest and credit.
- understand the cost of credit.
- explain the advantages and disadvantages of
using credit.
- list the risks and benefits involved in
saving and investing.
- identify the impact interest rates have on
investment value.
- read stock quotes and determine stock value.
|
Unit Two: Taxes and My Salary
Students are introduced to different kinds of taxes.
They will identify salaries and benefits and see how
deductions are made from an employee’s paycheck. |
Key Learning Objectives Students will be able
to:
- define the differences among sales, income,
and property taxes, and the purpose for each
type of tax.
- identify the basic principles of Social
Security.
- define net monthly income and demonstrate
how it is calculated.
|
|
Unit Three: Budgeting
Students experience creating and maintaining a
budget and identify the reasons for budgeting.
Through case studies, they evaluate budget
components and practice making budget decisions. |
Key Learning Objectives Students will be able
to:
- understand who uses a budget and why.
- identify the components of a successful
budget.
- evaluate the effectiveness of sample
budgets.
- develop spending plans and practice making
budget decisions.
|
|
Unit Four: Preparing for the Visit
Based on a life situation assigned to each
student, they will create budgets for their
salaries, evaluate investments, and conduct price
research for purchases. |
Key Learning Objectives Students will be able
to:
- create a personal budget.
- calculate net monthly income.
- conduct pricing research.
- assesses investments.
|
|
Unit Five: The Visit
Students visit JA Finance Park and apply
classroom learning to making financial decisions
based on their assigned salaries and life
situations. They calculate spending plans and
evaluate investment holdings. |
Key Learning Objectives Students will be able
to:
- create a typical family budget using
hypothetical life situations.
- use percentages to calculate minimum and
maximum spending allowances.
- evaluate stock holdings.
|
|
Unit Six: After the Visit
Students reflect on their experiences at JA
Finance Park. As a class, they discuss their
accomplishments and decisions and then write an
assessment of their day-long visit. Feedback from
parents is included as part of the lesson. |
Key Learning Objectives Students will be able
to:
- demonstrate integration of classroom
instruction to the simulation experience.
- perform a credit-card and investment
assessment.
- conduct self-reflection regarding their
visit.
|
|
Supplemental Unit Seven: Career Goals
Students identify and rate their interests,
abilities, and work preferences. They set goals and
determine how to achieve those goals. Students will
practice writing a letter of application to a
potential employer. |
Key Learning Objectives Students will be able
to:
- differentiate among abilities, interests,
work preferences, and values.
- identify their personal characteristics.
- rate their abilities, interests, and work
preferences.
- identify their career interests.
- perform career choice research.
- write a letter of application to a
prospective employer.
|
JA Finance Park enhances
students’ learning of the following concepts and skills:
Concepts–Banking, Budgets, Buying, Careers, Choices,
Consumers, Credit, Debt, Exchange, Expenses, Income,
Interest rates, Investments, Money, Opportunity costs,
Saving, Scarcity, Social security, Taxes
Skills–Analysis,
Applying information, Budgeting, Cause and effect, Critical
thinking, Computation, Data collection, Decision-making,
Filling out forms, Following directions, Graphing,
Interpersonal communication, Interpreting data, Listening,
Negotiation, Observation, Planning, Problem-solving,
Reading, Research, Role-playing, Spending, Taking
responsibility, Teamwork
All JA
programs are designed to support the skills and competencies
identified by the Partnership for 21st Century Skills. These
programs also augment school-based, work-based, and
connecting activities for communities with school-to-work
initiatives. |