Personal Finance – 11th Grade—Course Content Outline
Class 1
Class 2
Class 3
Class 4
TOPIC
Pre-test
I. Federal
Reserve
Where does our money come from?
What’s the difference between the Federal Reserve and the US Treasury?
How is the Fed making monetary policy today?
Who is the Fed Chairman today?or There are how many Federal Reserve Banks?
CONTENT AND OBJECTIVES
RESOURCES AND ASSESSMENT
Determine what students know about financial literacy
Pre-test
Obj.-Students will demonstrate knowledge of
financial literacy in a short multiple choice diagnostic
assessment. (KWL)
What is money?
Obj.-Define money
History of the Fed
www.federalreserveeducation.org
Obj.-Read, interpret and summarize in one sentence,
the most important concepts in each chronological
timeframe in the History of the Fed 101.
Obj.-identify and describe the purpose of each
element in the structure of the Fed.
Obj.-Define monetary policy
Obj.-Explain the tools of monetary policy
Obj.-Summarize the actions of the Fed today in an
article review (relevance)
Obj.-Construct the FOMC in class
http://www.federalreserveeducation.org/fed101/structure/
Assess-Classwork summaries of the history timeframes
completed during class discussion.
Assess- History quiz in ‘quizzes’ section
http://www.federalreserveeducation.org/fed101/quiz/quizindex.cfm
Obj.-Read and comprehend each section on Banking
supervision.
Obj. Describe 5 financial services offered by the Fed
today. Distinguish the markets for these services
Obj.-Describe the “5-Cs” needed to obtain a personal
loan.
Analyze a current news article or online video about the
economy and banking supervision. What is the relationship? What
is the role of the Fed today?
Describe the the “5-Cs” you would need if you applied for a loan.
http://www.pbs.org/newshour/extra/teachers/us/
Answer questions while reading online (differentiation)http://www.federalreserveeducation.org/fed101/supervision/
(The Economist and Time Magazine or other current news
magazines or newspapers)
Differentiation and reinforcement optionshttp://www.moneysbestfriend.com/default.aspx?id=128
http://www.stls.frb.org/publications/pleng/
(In Plain English)
Obj. Review for the test using a crossword puzzle
Obj.-Demonstrate proficient understanding of the
Article Review –Ground Zero
Activity- Roleplay- In groups, Students use signs to display each
player in the FOMC. After constructing the FOMC, analyze a
current article where the FOMC made an important decision
about the economy, identifying the role of each group.
Crossword puzzle- in-class review activity
The Fed video
Test- The Fed-(online _ teacher-made)
federal reserve and the role played in today’s economy.
Class 1
How does one become a millionaire?
Who protects our money and for how much?
Class 2
What kind of personal information is needed to open a checking account?
Class 3
What information appears, or is needed, on a valid check?
Class 4
What amount do you save each week or month?
II. Banking
Intro- Activity: Millionaire
“The Millionaire Next Door”
or Millionaire game activity
Obj.- Recognize the functions of a bank
Chapter 9 Textbook – PPT Introduction overview
and types of banks
Online Activity-Which type institution should I use?
Obj.- Describe the safety of financial
institutions. (FDIC, NCUA, etc.)
Is my money safe?
Obj.-Identify laws and restate the impact
Article Review and discussion-FDIC
of state and federal regulations on the security of Basic Banking Services – PPT – CitiBank
banks.
Obj.-List and distinguish between different Financial Institution Activity
types of accounts.
 Class activity -In groups, draw a diagram of the route a check takes
Obj.-Identify and discuss the different
parts of a check recalling correlations to the
after it leaves your hands. Online resources and pictures may be used.
Federal Reserve system.
Check your accuracy at...
Obj.-Trace the route of a check after it has http://www.federalreserveeducation.org/fed101/services/checklife/check
been written
_sim.htm
Obj.-Write checks, fill out deposit slips,
Checkbook balancing activity- handouts
balance a checkbook
(Transition to budgeting)- Money Talks- What are
video- http://www.moneytalks.ucr.edu/english/video/video_home.html
you saving?
Class 1
What do you know about money?
Class 2
What was the most recent lie you told about money?
Class 3
How much do you spend in a week?
Class 4
How might spending of teens differ in other countries
Budgeting
Intro- What do you know about money?
http://www.moneyfactory.gov/
(additional
Obj.-Restate SMART financial planning
PPT- How to plan your finances
materials)
 Formative assessment- Write the SMART goals; List the three R’s of
NEFE Materials1
Obj. Students will engage in an online
a successful financial plan.
NEFE Materials 2
‘reality check’ to determine a hypothetical cost of
http://www.jumpstart.org/realitycheck/pgv_money_rc_main.html
Chapter 8-text
living based on their choices.
http://www.moneysbestfriend.com/
Obj.-Monitor personal spending habits
Assess personal spending, set budget limits and maintain a budget for
through use of a Log for two-weeks - budget
two weeks.
Engage in a group simulation in building a budget based on Junior
Achievement activity
Obj.-(Diversity) Compare wants and needs
PPT-Building a budget
between China and US teens based on current
research
Obj.-Analyze wants and needs in the
context of boycotts
2
MakingDecisions
aboutMoney
CREDIT
Types of credit
Loans
Installment
Regular
Revolving
Sources – bankcards, stores, gasoline, credit
union, finance companies, savings and
loans, pawnshops
Creditworthiness
Credit ratings and reports
Application
Credit counseling
Consumer rights
Legal issues in money management
Careers in Banking and Finance
Obj.-Compare the costs of renting in a
geographic area.
Obj.-Analyze a lease agreement
(optional)
Obj.-Based on the list at this website, list ten
ways you personally, will save money
(transition to saving)
Obj.-Compare and contrast roadmaps to
Saving and Investing
Class 1
How much money have you saved in t he past year?
Class 2
Who regulates banks?
Class 3
How can we save when the country is in a financial crisis?
Class 4
What kinds of jobs are in the financial industry today?
Saving, Investing
Why save?
and Stocks
http://fefe.arizona.e
Obj.-Research and analyze the reasons for
du/takeCharge.php the current financial crisis.
(need to register)
Obj.-Analyze the ‘Anatomy of a Crisis’ by
identifying major causes
China - Where will they fit in the world economy?
I Don't Want Much, I Just Want More: Allocation, Competition and
Productivity
To Buy or not to buy
Class activity- Based on the budget created, pair with a partner, share
budgets. Pair with another pair and select the budget that best
demonstrates SMART goals and is realistic.
Introduction: DVD – Buried by Debt: the Dangers of Borrowing
Vocabulary and concept management Textbook Ch-16-Credit
Management
How do you determine your creditworthiness? www.experian.com
www.freecreditreport.com
Create a chronological graphic organizer demonstrating a five-year plan
for building credit
Examine a credit application document
Discuss most recently enacted laws pertaining to consumer credit
PPT-Lease and rental agreements
Call three landlords in your area and use a newspaper; list and
compare three apartment rental options. Hand in
Complete a lease agreement analysis
http://www.pueblo.gsa.gov/cic_text/money/66ways/index.html
Money saving exercise
http://www.sec.gov/investor/pubs/roadmap.htm
PPT – Saving goals
Roadmap to saving and investing
Video Clip
“Understanding the Financial Crisis: Origin and Impact”, JA Worldwide.handout
http://www.washingtonpost.com/wp-
Obj.-Explain bank regulation
Obj.-Apply concepts of APY, CD,compound
interest, discretionary income, interest, liquidity,
money market.
Obj.-Calculate how money grows through
compound interest
Obj.- Explain why people invest money
Obj.-Describe the relationship between risk
and return in investment strategies.
Obj.- Predict an investment’s rate of return
using the Rule of 72 (page. 260-text). Explain why
this principle works.
Obj.-Summarize the process for filing a
complaint against a financial institution
STOCKS
Obj.-Distinguish common and preferred
stocks (pge.281-text)
Obj.- Classify stock investments
Obj.-Read and discuss a stock table(page
293-text)
Obj.- Determine how a stock is priced, ROI
in one year (pge-284), and evaluate dollar-cost
averaging.
Obj.-Participate in buying stocks in a
simulation
Class 1
Class 2
Class 3
Class 4
Insurance
Obj.-Read and interpret a stock table
Obj.-Discuss the origins and history of the
stock market (Ch1)
Obj.-Examine agencies and laws regulating
securities and the NYSE (Ch 3)
Obj.-Identify trends in the economy and
behaviors that drive stock prices Ch4)
List and describe avenues for buying
stocks(Ch5)
What are some risks you take each day?
What kinds of jobs are available in the insurance field?
Who regulates the insurance industry?
Does everyone need life insurance?
dyn/content/graphic/2008/09/16/GR2008091600631.html
BankRegulation
Chapter 10 page 254 Solve Problems [overhead]
--compound interest exercise-Student skills guide
--calculate interest given these scenarios
 Activity 10.4 and 10.5-Calculate compound interest
PPT-Ch 11 Investing fundamentals
Visit this website to practice the Rule of 72 .In a paragraph, explain
why this principle works.
PPT-Rule of 72
http://www.mymoney.gov/scams.shtml
Access stock market materials at
http://www.nyse.com/about/education/1098034584990.html
Diagnostic assessment
 Choose stocks and maintain a portfolio in a spreadsheet, updated
each class for 3 weeks. Analyze the results of tracking the stocks and
draw a conclusion based on the results and the research. Write a onepage summary based on PSSA guidelines.
Alternative- Stock Market Game at www.smgww.org
Stock Table
NYSE-online book
NYSE activities
Stocks/investment assessment
PPT- Introduction to ‘Risk Management’
Chapter 1-Insurance Basics and terminology
Ch 1 Insurance Basics (small book)
Obj.-Describe ways to deal with, and reduce
Ch 25 – textbook
risk.
Obj.-Explain the variety of insurance policies
that cover risk
Obj.-Discuss the purpose of each type
insurance
Obj.-Explain factors to consider when buying
insurance (in particular-auto insurance)
Obj. Evaluate PENNA laws and insurance
http://www.ins.state.pa.us/ins/cwp/view.asp?a=1339&Q=544190&PM=
rules.
1&insNav=|
Obj.-Demonstrate and share in-depth
Professional Powerpoint presentations including handouts for the
knowledge about a single type of insurance
class. (group presentation and assessment)
Obj.-Describe some insurance pitfalls and
Take the insurance quiz online
how to avoid them.
Obj.-Examine the options for consumers in
http://www.ins.state.pa.us/ins/cwp/view.asp?a=1337&Q=543749&PM=
the event of problems
1&insNav=|
Class 1
How many different scams can you name?
Class 2
Which government agency is responsible for protecting consumers?
Class 3
What is a Ponzi scheme?
Class 4
What would you do if you suspected someone else was using your credit card?
Consumer Fraud
http://www.consume
Obj.-Identify and describe 6 common
PPT-Frauds and Scams
rreports.org/cro/inde consumer frauds or scams
CNN Video
x.htm?bhfv=5&bhqs
Obj.-Describe the agency responsible for
http://www.ftc.gov/ftc/about.shtm
=1
consumer protection
http://www.consumer.gov
Obj.-Explain a Ponzi scheme
http://www.ftc.gov/bcp/consumer.shtm
Obj.-In groups of three or four research, write Article Review-“Con of the Century” The Economist, Dec 20th, 2008
a scenario, summarize information and produce a
60-second commercial about one consumer fraud.
Commercial Presentations- follow Rubric on completed production
Warn consumers about this fraud/scam and steps
they can take to avoid it.
Card fraud -reading and comprehension assignment
Obj.- list steps to take if you suspect you are
a victim of fraud.
Class 1
How much is the federal debt today and what is your share of that debt? (175,000)
Class 2
Who has to file an income tax return?
Class3
What are the alternatives to paying taxes?
Class 4
What happens when people don’t pay taxes?
GovernmentIntroduction video
http://www.iousathemovie.com/ (30-minutes)
Economics-taxes
Obj.-Discuss the responsibility of each
*Describe each type of debt shown in the movie. Hand in
citizen in the federal debt
*What IS your share of the federal debt?
Obj.-Distinguish Budget deficits and Public
debt
Chapter 12Government and the
US Economy- JA
Economics
(handout)
Obj. Discussion- who should file an income
tax return.
Obj.-Analyze and discuss paychecks and
deductions
Obj.-Explain the purpose of the current
government stimulus package. (government
intervention in the economy)
Obj.-Describe how state, local, national
government spends and raises money
Obj.-Describe how proportional, regressive,
progressive taxes differ
Obj.-Identify the main federal taxes and who
pays them
Obj.-Compute your withholding taxes for W-4 Form
Post-test and/or
Final Exam
reinforcements
NCEE CD-Macroeconomics/Budget Deficits and Public Debt- video
http://www.irs.gov/individuals/article/0,,id=96623,00.html
http://finance.yahoo.com/taxes
http://fefe.arizona.edu/curriculum.php?categoryID=17#39
http://ecedweb.unomaha.edu/K-12/ve.cfm
Research and explain- government stimulus package
Find out Selinsgrove’s budget for 2009
Reading and comprehension guide questions
Complete a tax form
http://www.irs.gov/
http://www.irs.gov/individuals/article/0,,id=96196,00.html
Summative (end of course) Assessment
Multimedia Book review presentation (PPT)
Example
Research projects/Reports
Resources:
JA Economics by Junior Achievement Inc. 2000
www.ja.org
Managing Your Personal Finances 5th Ed. by Joan
S. Ryan, Thomson Publishing, 2006.
Banking Systems, Thompson Publishing
Fundamentals of Insurance, Thompson Publishing
The Economist magazine
Time magazine
Trillion Dollar Meltdown by Charles Morris
The Age of Turbulence by Alan Greenspan
Freakonomics by Steven D. Levitt and Stephen J. Dubner
Suze Orman’s 2009 Action Plan
http://www.jumpstart.org/search.cfm
http://www.handsonbanking.org/
http://ve.ncee.net/features/display_standards.php?ss2=PA
http://www.aafcs.org/resources/framework.html
www.Practicalmoneyskills.com
NCEE VirtualEconomics CD
http://www.irs.gov/individuals/article/0,,id=96623,00.html
http://finance.yahoo.com/taxes
http://fefe.arizona.edu/curriculum.php?categoryID=17#39
http://www.ftc.gov/ftc/about.shtm
http://www.consumer.gov