Students will comprehend the role of the Federal Reserve and gain an understanding of fiscal and monetary policies.
- Subject:
- Financial Literacy
- Material Type:
- Lesson Plan
- Author:
- Utah Lesson Plans
- Date Added:
- 05/13/2024
Students will comprehend the role of the Federal Reserve and gain an understanding of fiscal and monetary policies.
Students will learn about SMART financial goals and then complete a worksheet where they will set personal financial goals, both long and short term.
Students will learn how to spot scam, find examples of online scams and learn how to recognize and protect themselves from questionable behavior.
Students will learn about the four components of GDP and then explore how inflation impacts purchasing power over time. While playing an in-class game, students move around the classroom to guess how inflation has impacted a particular scenario.
Students learn the difference between short-term and long-term savings goals and apply their knowledge in an exercise-oriented game.
Students will be able to explain some ways our brains trick us into making (or not making) purchase decisions.
In this mini-unit, students learn basic vocabulary about insurance and then play an online game called “That’s a Bummer” to practice knowledge learned. Additional activities in this lesson include an insurance edpuzzle, video resources, reflection questions, and an insurance math worksheet.
Students will be introduced to the concept of supply and demand. Next, students will play the game “In the Chips” to show how Supply and Demand works and how the market finds its equilibrium. The lesson will conclude with reflection and class discussion
Students will play the interactive game called Stax and see if they can beat the market in a 20-year period. Reflection questions will be answered after gameplay.
Students will comprehend essential credit concepts, emphasizing the purpose and role of credit, the significance of maintaining a healthy credit rating, and key terms including APR, grace period, late fees, finance charges, default rates, interest, and closing costs.
Students will play an online game called “SPENT” and experience what it’s like to live paycheck to paycheck. Game play will be followed with reflection questions and class discussion.
Reading an article, students learn about peer to peer payments. This lesson concludes with a blooket quiz played individually or as a class.
Students will actively assess their career aspirations, critically evaluate and compare diverse career opportunities aligned with their aptitudes and interests, and strategically plan their career path while gaining insight into the income potential associated with their chosen careers.
Students will be able to explore credit-related concepts and tools, delving into key terms including credit, credit cards, installment loans, revolving credit, student loans, mortgage, payday loans, predatory lenders, and simple interest in this lesson.
Students play the stockmarketgame.org in teams. After learning the basics, students research different companies and each team spends $100k on stocks.
Students will define and explain the concepts of supply and demand, understand how changes in these factors influence prices, and analyze real-world scenarios.
Students and explores the fundamental concepts of credit, creditworthiness, and the long-term consequences of financial decisions.
Students will define compound interest, distinguish it from simple interest, calculate compound interest using a compound interest rate calculator, and apply the concept to real-life scenarios.