This lesson is an introduction to the income statement of a bank, and to income statements, in general. [Banking, Money, Finance playlist: Lesson 2 of 24]
Bank of America and Khan Academy created an online partnership to educate consumers about the basics of personal finance and money management. Students sign up for free and can accumulate points and earn badges on many topics including credit, taxes, personal banking/security, saving, school expenses, home buying, car buying, and debt. Tools include informative videos, infographics, key takeaways, and short quizzes.
Uses a case approach to develop a framework for business analysis. Provides students with tools for business analysis, including strategic, accounting, financial, and prospective analysis. Concepts are then applied to a number of decision-making contexts, such as credit analysis, investor communications, merger analysis, financial policy decisions, and securities analysis. From the Course Description: Course Description The purpose of this class is to advance your understanding of how to use financial information to value and analyze firms. We will apply your economics/accounting/finance skills to problems from today's business news to help us understand what is contained in financial reports, why firms report certain information, and how to be a sophisticated user of this information.
This is a course for those who are interested in the challenge posed by massive and persistent world poverty, and are hopeful that economists might have something useful to say about this challenge. The questions we will take up include: Is extreme poverty a thing of the past? What is economic life like when living under a dollar per day? Why do some countries grow fast and others fall further behind? Does growth help the poor? Are famines unavoidable? How can we end child labor - or should we? How do we make schools work for poor citizens? How do we deal with the disease burden? Is micro finance invaluable or overrated? Without property rights, is life destined to be "nasty, brutish and short"? Has globalization been good to the poor? Should we leave economic development to the market? Should we leave economic development to non-governmental organizations (NGOs)? Does foreign aid help or hinder? Where is the best place to intervene?
Students will be able to:
-Correctly use fundamental vocabulary related to credit and lending
-Explain how loan amortization and payments work
-Understand how principal, interest rate, and term are critical components to evaluating credit options
Estimated Lesson Time: 100 Minutes
Students will be able to:
-Enumerate the components of a credit report and how long each data type is retained
-Read a credit report
-Explain key components of the Fair Credit Reporting Act and how it impacts lenders and borrowers
-Understand the importance of reviewing one’s credit report and the steps to take to find and dispute errors
ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.
The Debit Credit Theory Accounting Song is a catchy tune that intrduces students to the foundation of accounting which is the debits and credit theory. It would be most effective to introduce to intro level accounting students to demonstrate how debits and credits work.
" Topics include productivity effects of health, private and social returns to education, education quality, education policy and market equilibrium, gender discrimination, public finance, decision making within families, firms and contracts, technology, labor and migration, land, and the markets for credit and savings."
This Farmers' Agribusiness training course has been developed to help both farmers and farmer organisations. Its intention is to provide access to provide access to additional skills and knowledge that will allow farmers to move from a 'farm' to a 'firm'. This lesson describes funding possibilities, the process for sourcing funds, the measures that should be taken to ensure effective utilization of funds, repayment procedures.
This game addresses credit cards, interest, choosing credit wisely and credit basics. It can be used to review or introduce credit
Students will be able to:
-Explain the concepts of credit, interest, and loans
-Compare the similarities and differences between credit and debit cards
-Analyze the key differences between credit and debit cards that make one more beneficial than the other in certain situations
Lesson Length: 60 mins
Making The Right Money Moves is used to teach young adults in a high school classroom basic money management skills, including how to access and manage credit responsibly.
What are the program components?
There are four curriculum components provided to each school, including:
The Student Workbook imprinted with your credit union's logoThe video, Check It Out!! – checking account convenience, management and the 5 C's of creditThe CD exercise, You're On Your Own – money managementThe Teacher's Guide
Teachers request the number of workbooks needed for their classes and a Teacher's Guide. The school media center receives and catalogs the CD. The video is available online. You receive the fifth component directly: The Credit Union Guide, which provides ideas and recommendations for maximizing your participation in the program.
This resource is a collaborative assessment that takes about five 50-minute class periods (without the presentation time) that can be used after completing the Junior Achievement Economics for Success program. Outcome topics include goals, budgeting, credit, and insurance. Other prior knowledge includes how to create, format, and collaborate using a presentation app (Google Slides). Keep in mind that this project is used in a class that also teaches keyboarding, personal finance, and computer applications. This is part of a unit assessment.
Students will be able to
- Identify steps they can take to prepare for student loan repayment
- Understand the different loan repayment options available to them
- Explain how student loan payments work
- Identify the consequences of not making student loan payments
- Compare different loan repayment options such as deferment, forbearance, consolidation, and more
Lesson time: 140 Minutes
Students will be able to:
-Establish criteria for choosing a credit card, based on the factors important to their needs
-Recognize and avoid marketing schemes that might lead to bad decisions
-Identify alternative routes to establishing credit, aside from opening their own credit card account
NOTE: Document is titled 9.4 Select a Credit Card
ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.
Estimated Lesson Time: 120 Minutes
Students will be able to:
-Explain the fundamental features of a personal loan, including where to find one and how to apply
-Explore the peer-to-peer lending market as an alternative to traditional banks
-Understand the potential pitfalls of borrowing from family and friends, a personal 401(k), or a payday lender
ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.
As teens prepare to enter the financial world, there are many elements for them to consider when it comes to credit. Whether they are off to college in a few months or gearing up to purchase a first car, they will find that credit plays an important part in many life activitiesâ€â€if used wisely. But used unwisely, credit can lead to unmanageable debt