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Educational
services promoting economic and personal finance literacy |
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Personal
Finance and Economics (Web-based lessons with teacher and student
versions) EconEdLink, National
Council on Economic Education |
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iNFUSINg Personal Finance into Language Arts and Math National Institute for Consumer Education, Eastern Michigan University |
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Some of the links on this page offer
documents in .pdf format which allows access across a broad range of hardware
and operating systems. Click here to
download the free Adobe Acrobat Reader. |
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Personal Finance and Economics (Web-based lessons) EconEdLink, National Council on Economic Education |
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A
Perfect Pet. Explore the wants of a pet owner and how scarcity
forces people to make choices. The
ABC’s of Saving. Steps to
successful saving and an introduction to goals. The fable about the Grasshopper and the Ants illustrates the
concept of opportunity cost. Big
Banks, Piggy Banks. Students learn that banks and credit union
protect money from theft and pay
interest. A nice follow-up to the
ABCs of Saving. Simple
Simon Meets a Producer. Using a classic nursery
rhyme, students learn that consumers are the people who buy and use goods and
services. Producers make the goods
and provide the services. We
are Consumers and Producers. How students and their
family members fulfill these roles at home and in their community. This
lesson works well as a follow-up to Simple Simon Meets a Producer. Working
Hard for a Living. An introduction to how people earn money and the factors
that influence our job choices. |
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A Perfect Pet. Explore the wants of a pet owner
and how scarcity forces people to make choices. The
ABC’s of Saving. Steps to
successful saving and an introduction to goals. The fable about the Grasshopper and the Ants illustrates the
concept of opportunity cost. Be an Ad
Detective. Coming Soon! Believe
it or Not. Separating fact from opinions and exaggeration in
advertisements. How business and government try to regulate advertising to
protect consumers and promote fair competition among sellers. Big
Banks, Piggy Banks. Students learn that banks and credit union
protect money from theft and pay
interest. A nice follow-up to the
ABCs of Saving. Did You
Get the Message? Coming Soon! Giving
Credit. An introduction to the 3 C’s used by lenders to determine creditworthiness.
Students to identify ways they can establish and maintain their personal
credit worthiness. I
Can Be an Entrepreneur. Advice how to earn extra money
by becoming an entrepreneur. For an introduction to earning and other ways
people get money, Consider first using Money Doesn’t Grow on Trees. Money
Comes and Goes. How a budget can help us make sure we buy the
things we really need and want. A budget can also help us save for things
that we can’t afford to buy right now. Money
Doesn’t Grow on Trees. Students consider four ways people get money—find it, win
it, receive it as a gift or earn it – then explore how they can get extra
money for something they want. |
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Be an Ad
Detective. Coming Soon! Be
an Energy Saver. How to use EnergyGuide labels to estimate the cost
savings of energy- efficient home appliances. Students also explore how economic
incentives motivate people to conserve energy. Believe
it or Not. Separating fact from opinions and exaggeration in
advertisements. How business and government try to regulate advertising to
protect consumers and promote fair competition among sellers. Collecting
for Fun and Profit. Explore how supply and demand influence the price
of collectibles. Then evaluate speculation in collectibles as an investment
option. Giving
Credit. An introduction to the 3 C’s used by lenders to
determine creditworthiness. Students to identify ways they can establish and
maintain their personal credit worthiness. Did You
Get the Message? Coming Soon! Guess
Who’s Coming to Dinner. The 1906 Pure Food and Drug Act as a case study, a look at how
the government uses information and regulation to promote fair competition
and complete information in the marketplace. I
Can Be an Entrepreneur. Advice how to earn extra money
by becoming an entrepreneur. For an introduction to earning and other ways
people get money, Satisfaction
Please To
Buy or Not to Buy. How
boycotts have been used throughout U.S. history to help promote economic,
social and political change. Students
examine the economic and non economic factors are likely to influence the
effectiveness of a boycott. Take a
Risk on Investor Island. Students take a trip to the
imaginary Planet Orange where they are learn: Part
I - Stocks and bonds. In
researching two investment options, students discover there is a trade-off
between risk and return. Part 2 -
Mutual Funds. An overview of
popular investment options in terms of risk, return and liquidity. How
mutual funds help investors spread risk. Part 3 -
Risk Tolerance. In a culminating activity, the students analyze
their risk tolerance and invest a hypothetical $5,000 to invest. Worker
Safety – The Triangle Fire Legacy. Investigate the Triangle
Shirtwaist Fire of 1911 as a turning point for employee health and safety
protections in the U.S. Assess the costs, benefits and effectiveness of
various government and labor actions. |
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Be
an Energy Saver. How to use EnergyGuide labels to estimate the cost
savings of energy- efficient home appliances. Students also explore how
economic incentives motivate people to conserve energy. Business
Ownership: How Sweet It Can Be! Research the basic types of business organization then function
as consultants offering advice on which form of business is best suited for
different business scenarios. Business
Ownership: The Franchise Option. A alternative to starting a
business from scratch – investing in a franchise. Collecting
for Fun and Profit. Explore how supply and demand influence the price
of collectibles. Then evaluate speculation in collectibles as an investment
option. Deceptive
Advertising: Crossing the Line. Coming Soon! Education:
Weigh Your Options. Coming Soon! Guess
Who’s Coming to Dinner. The 1906 Pure Food and Drug Act as a case study, a look at how
the government uses information and regulation to promote fair competition
and complete information in the marketplace. Satisfaction
Please. How to effectively seek redress for a consumer problem. Part
1 - Return to the Seller. Tips for seeking redress from a seller of a
good or service via personal visits, telephone calls an letters. Part
2 – Private Sources of Help. What to do when a consumer is unable to get
a problem resolved with a seller. Part
3 – Government Assistance. An
introductions to government sources of help.
Students must select sources of outside help that would be appropriate
in hypothetical situations they are given. Take a
Risk on Investor Island. Students take a trip to the
imaginary Planet Orange where they are learn: Part
I - Stocks and bonds. In
researching two investment options, students discover there is a trade-off
between risk and return. Part 2 -
Mutual Funds. An overview of popular
investment options in terms of risk, return and liquidity. How mutual
funds help investors spread risk. Part 3 -
Risk Tolerance. In a culminating activity, the students analyze
their risk tolerance and invest a hypothetical $5,000 to invest. To
Buy or Not to Buy. How
boycotts have been used throughout U.S. history to help promote economic,
social and political change. Students
examine the economic and non economic factors are likely to influence the
effectiveness of a boycott. Worker
Safety – The Triangle Fire Legacy. Investigate the Triangle
Shirtwaist Fire of 1911 as a turning point for employee health and safety
protections in the U.S. Assess the costs, benefits and effectiveness of
various government and labor actions. |
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Infusing Personal Finance into Language Arts and Math National
Institute for Consumer Education, Eastern Michigan University Texas Council
on Economic Education |
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Stay tuned: These lessons will soon be available for free download. |
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Language
Arts |
Math |
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Hire Me!! § Read Curious George Takes a Job by
H.A. Rey Identify the physical and mental skills needed to work and earn
money § Describe and apply for classroom jobs. |
Profit or Loss?
§ Read Arthur’s Funny Money by
Lillian Hoban § Explore the pros and cons of borrowing § Distinguish between revenue and expense § Calculate profit and loss |
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ABCs in the
Marketplace § Read On Market Street by Anita
and Arnold Lobel § Read Busy Workers by Richard
Scarry Play a guessing goods game § Role play producers § Create an alphabet book of goods and
services |
We Make
Consumer Decisions § Read How Much is that Guinea Pig in
the Window by Joanne Rocklin. § Analyze a decision’s costs and benefits § Write sentences explaining a choice § Use fractions and a graph to show
progress achieving a goal |
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My Choices Have
Costs § Read Something Special for Me by
Vera Williams § Identify an opportunity cost Explain a
choice § Use a graph to show a classroom choice |
Let’s Go
Shopping § Read The Big Green Pocketbook by
Candice Ransom § Match businesses with the goods and
services they provide § Shop and make change at a class store. |
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Saving for the
Future § Read A Chair for My Mother by
Vera Williams Develop a plan for reaching a goal § Describe a favorite chair |
Saving Adds Up § Make choices between spending and saving § Determine how long it will take to save
for a future purchase § Play a savings deposit and withdrawal
game |
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Stay tuned: These lessons will soon be available for free download. |
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Language
Arts |
Math |
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Mother May I? § Calculate how long it would take to earn
money to make a purchase § Create a personal earning and savings
plan § Write a persuasive letter |
We Can be Entrepreneurs § Read How the Second Grade Got
$8,205.50 to Visit the Statue of Liberty by Nathan Zimelman § Interview an entrepreneur § Prepare a classroom business plan § Determine the revenues, expense, profit
and loss for a classroom business |
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Where, Oh Where, Did My Money Go? § Read Alexander Who Used to be Rich
Last by Judith Viorst § Distinguish between needs and wants § Examine the impact of impulse purchases § Survey and graph how students and their
families use their money |
Calculating the Best Buy § Analyze newspaper ads § Calculate fraction and percentage
discounts § Compute unit prices § Find the best buy considering both price
and non-price factors |
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Advertising: Good or Bad? § Read Arthur’s TV Trouble by Marc
Brown § Analyze advertising techniques and
explain how they work § Write a persuasive letter outlining
reasons to be skeptical of advertising § Develop an advertising campaign § Research government agencies who can
help resolve consumer problems |
Money Choices § Read Pigs Will be Pigs by Amy
Axelrod § Solve money math problems using a
restaurant § Conduct a survey to identify the pros
and cons of using cash, checks and credit cards § Choose the most appropriate form of
payment for different spending situations |
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Saving and Investing Choices § Research local savings places and the
accounts they offer § Interview a representative of a
financial institution § Summarize the pros and cons of savings and
investing options |
The Magic of Interest § Calculate simple and compound interest § Graph and summarize the impact of
interest rates, time and amount deposited on a savings account balance § Use the “Rule of 72” § Advise a friend how to make savings grow |
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NOTE: Some of these files are very large -
please be patient while downloading! |
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Language
Arts |
Math |
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§ Read The Jazz Kid by James
Collier § Research future career options § Analyze factors that increase employment
options and earning potential § Create a career cube that illustrates a
plan for achieving a career goal § Write a letter asking for support |
§ Research part-time and summer employment
options § Graph hourly rates for their options § Calculate payroll deductions on a pay
stub § Use a tax rate schedule to calculate the
taxes paid by different taxpayers |
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§ Read To Kill A Mockingbird by
Harper Lee § Analyze the credit worthiness of loan
applicants § Identify factors that help and hurt
credit worthiness |
§ Calculate unit prices § Find the best deal from an energy
supplier § Compute the operating cost of a major
appliance using federal Energy Guides § Choose the best appliance deal
considering by sales price and operating cost |
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§ Read Where the Red Fern Grows by
Wilson Rawls § Distinguish between short-term,
intermediate and long-term goals § Compare short-term savings options § Develop plans to achieve a savings goals § Write a persuasive business letter |
§ Use time value of money formulas to
calculate and compare simple and compound interest § Examine the impact of compounding
frequency on interest earned § Compare features of savings options:
savings accounts, checking accounts, CDs and money market mutual funds |
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§ Match forms of insurance with the risks they
cover § Assess how factors influence driver risk
and auto insurance premiums. § Develop a presentation promoting safety
and risk reduction |
Budgets:
Roadmaps for Financial Success § Use percents and pie charts to compare
budgets § Explore factors that influence family
expenditures § Create a budget |
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NOTE: Six of the eight lesson plans below are
available for free download. A few of
the files are very large, so please be patient! And stay tuned, as soon as some technical difficulties
are resolved, the remaining two lessons will be posted. |
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Language
Arts |
Math |
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Transfer
Payments: Will You Spare Your Dime? § Debate the costs and benefits of a
social welfare program |
§ Research the outlook for future
employment § Investigate the relationship between
education and income § Use a decision grid to make an important
career choice. |
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Staying
Alive and Out of Bankruptcy § Identify the steps to avoiding financial
difficulty § Create a brochure offering tips on
effective money management |
§ Calculate installment loan finance
charges and the cost of purchasing an auto § Make a choice between a purchase rebate
and low-rate loan § Compare credit card offers and choose
the best terms for different types of card users |
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§ Read and interpret newspaper stock
tables and corporate annual reports § Analyze factors that impact stock prices § Prepare a written report on the history
of a company’s stock and its future |
Watching Our Money Grow §
Calculate the future value of a lump sum and an
annuity §
Make choices among savings and investment
alternatives taking into consideration goals, risk, return and liquidity § Analyze the advantage of tax-deferred
and tax-exempt investments. |
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§ Create a glossary of insurance terms § Analyze insurance protections offered in
a sample homeowner’s policy § Write a contract with sections similar
to those in an insurance policy |
Taxes: What’s
Fair? §
Calculate average tax rates. §
Use a tax schedule to determining federal income
tax owed. §
Calculate Social Security and Medicare taxes. § Research and debate the fairness of a
current or proposed tax policy. |
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