Lesson Plans
Subject: Economics with Financial Literacy
Week of:
Teacher: Mr. J. Ruggiero
November 3 - 7, 2014
Organizing Principle: Understand the fundamental concepts relevant to the development of a market economy.
Measurement
Topic
Benchmark(s)
Learning Target
Monday
Tuesday
Financial Literacy
Financial Literacy
Financial Literacy
Financial Literacy
Financial Literacy
SS.912.E.2.10
SS.912.FL.3.5
SS.912.FL.5.12
SS.912.E.1.14
SS.912.FL.4.1
SS.912.FL.4.2
SS.912.FL.4.9
SS.912.FL.4.12
SS.912.FL.4.3
SS.912.FL.4.5
SS.912.FL.4.6
SS.912.FL.4.7
SS.912.FL.4.8
SS.912.FL.4.13
SS.912.FL.1.1
SS.912.FL.1.2
SS.912.FL.1.3
SS.912.FL.2.1
SS.912.FL.2.3
SS.912.FL.2.4
SS.912.FL.3.4
SS.912.FL.4.4
SS.912.FL.4.11
SS.912.FL.5.8
SS.912.FL.6.4
Describe the
organization and
functions of the Federal
Reserve System.
Compare credit,
savings, and investment
services available to the
consumer from financial
institutions.
Loans can be either
secured or unsecured
with collateral.
Non-income factors can
influence which
jobs/careers people
choose.
Consumer decisions are
influenced by prices, prices
of alternatives/substitutes,
income and other
preferences.
The possible benefits of
education/training must
be weighed against the
immediate costs.
Before purchasing a good,
consumers should consider
its features, durability and
maintenance costs.
People make more
informed education, job,
or career decisions
when they evaluate the
costs and benefits of
different choices.
Consumers can be
influenced by a good or
services pricing.
Government agencies
supervise and regulate
financial institutions to
help protect the safety,
soundness, and legal
compliance of the
nation’s banking and
financial system.
The Security and
Exchange Commission
(SEC), the Federal
Reserve, and other
government agencies
regulate financial
markets.
Consumers should
compare the cost of
credit by considering
annual percentage rate
(APR), initial fees, late
payment fees, annual
fees, and missed
payment charges.
Financial institutions
sometime compete by
offering low
introductory credit rates
that increase at a set
date or after a
late/missed payment.
Consumers who have
difficulty repaying debt
Wednesday
Lenders determine
eligibility and interest
rates largely based upon
the payment history of
loan applicants which
can be obtained via
credit reports.
Credit Bureaus ae
businesses that
calculate/compile
ratings of loan
applicants-called a
credit score-and provide
them to lenders.
An applicant’s credit
score can also be used
by prospective
employers, landlords,
insurance companies,
Thursday
Friday
Describe ways that money
received (or paid) in the
future can be compared to
money held today by
discounting the future
value based on the rate of
interest.
Down payments on a loan
give borrowers an equity
stake in the transaction
which reduces not only the
principal being borrowed
can seek assistance
through credit
counseling services
and/or by negotiating
directly with their
leaders.
There are laws in place
to protect those who use
credit.
but also the risk to the
lender which can result in
a lower interest rate.
and even utility
companies.
Failure to repay a loan
has significant
consequences for
borrowers such as
negative entries on their
credit report,
repossession of property
(collateral), garnishment
of wages, and the
inability to obtain future
loans.
Mortgages are a popular
type of loan for people
buying homes or other
types of real estate.
Discuss ways that the
prices of financial assets
are affected by interest
rates and explain that the
prices of financial assets
are also affected by
changes in domestic and
international economic
conditions, monetary
policy, and fiscal policy.
Consumers are entitled
to an annual free copy
of their credit report.
People may be required by
governments or by certain
types of contracts (e.g.,
home mortgages) to
purchase some types of
insurance.
Lesson
Assessment (D,F,S)
Work through EverFi
Financial Literacy
modules.
Obs/Dis (D)
Work through EverFi
Financial Literacy
modules.
Obs/Dis (D)
Work through EverFi
Financial Literacy
modules.
Obs/Dis (D)
Work through EverFi
Financial Literacy
modules.
Obs/Dis (D)
Work through EverFi
Financial Literacy
modules.
Obs/Dis (D)
EverFi Module 2:
Banking Quiz (F)
EverFi Module 3:
Payment Types Quiz (F)
EverFi Module 4: Credit
Scores Quiz (F)
EverFi Module 5:
Higher Education Quiz
(F)
EverFi Module 6:
Renting vs. Owning
Quiz (F)
Accommodations: Visuals; Cooperative Learning; Repeat, clarify, summarize directions; Allow extra time for assignments/tests