Course Title:
Banking and Finance 15 5081
Course Number: Banking and Finance 17 5079
Banking and Finance 19 5080
Prerequisite:
None
Duration:
1 semester, .5 credit, 5 meetings per week
Grades:
10, 11, 12
Course Description
This course introduces banking and finance principles utilized in personal and
professional finance and economics. This is unique mixture of academics and “hands on”
delving into the aspects of banking through a collaborative effort with Hamden High’s
school bank. Group dynamics plays a large role in this class allowing stock market
investments to become an everyday learning situation, including strategies, on-line
simulated trading, and analyzation of portfolio holdings.
Course Content Standards
The following standards were taken from the National Business Education Association
standards for Economics and Personal Financial education:
PERSONAL FINANCE
I. Personal Decision Making
Achievement Standard: Use a rational decision-making process as it applies to the roles
of citizens, workers, and consumers.
II. Earning a Living
Achievement Standard: Identify various forms of income and analyze factors that affect
income as a part of the career decision-making process.
III. Managing Finances and Budgeting
Achievement Standard: Develop and evaluate a spending/savings plan.
IV. Saving and Investing
Achievement Standard: Evaluate savings and investment options to meet short and long
term goals.
V. Buying Goods and Services
Achievement Standard: Apply a decision-making model to maximize consumer
satisfaction when buying goods and services.
VI. Banking
Achievement Standard: Evaluate services provided by financial deposit institutions to
transfer funds.
VII. Using Credit
Achievement Standard: Analyze factors that affect the choice of credit, the cost of credit,
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and the legal aspects of using credit.
VIII. Protecting Against Risk
Achievement Standard: Analyze choices available to consumers for protection against
risk and financial loss.
Course Outline
I. Managing Personal Finances
A. Personal Financial Planning
1. Steps to Financial Planning
2. Sources of Financial Planning
3. Understanding Risk
4. Consequences of Choice
B. Money Management
1. Importance of Budgeting
2. Steps to Preparing a Budget
C. Creating S.M.A.R.T Financial Goals
D. Decision Making Process/Satellite Decisions
II. Investing
A. Stocks/Mutual Funds
1. What are Stocks/the Stock Market
2. Types of Stocks
3. Evaluating Stocks
4. Buying and Selling Stocks
5. History of Stock Markets
6. Stock Exchanges
7. Stock Market Indexes
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B. Banking in the 20th Century/Modern Banking
C. The Federal Reserve
III. History of Money
IV. Checking Accounts
A. The Basics of Checking Accounts
B. Deposit Slips
C. Writing Checks
D. Check Registers
E. Statements
F. Reconciling
G. Online Banking
V. Savings Accounts
A. Savings Accounts Basics
B. Types of Savings Accounts
C. Advantages and Disadvantages
D. Simple and Compound Interest
VI. Credit
A. Credit Essentials
B. Types of Credit
C. Applying for Credit
D. Maintaining Credit
E. Credit Laws
F. Identity Theft
Suggested Media (Videos/DVDs)
Can I Make It Own My Own? DVD. C.W. Publications, 2003. 30 mins.
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Catch Me if You Can. Dir. Steven Spielberg. DVD. DreamWorks Home Entertainment,
2003. 2 hrs. 21 mins.
Checks and Balances: The Basics of Banking. DVD. Films Media Group, 2003. 27
mins.
Debt Stress: Teen Budgeting. DVD. Educational Video Network, 2003. 23 mins.
Discovery Channel University: Making Money. DVD. Films Media Group, 2003. 46
mins.
Extra Credit: Recognizing the Do’s and Don’ts of Using Credit. Video. LINX
Educational Publishing Inc., 2002. 23 mins.
Identity Theft: Protect Yourself. Video. Federal Reserve Bank of Boston. 13:20.
In Plain English: Making Sense of the Federal Reserve. DVD. Federal Reserve Bank of
St. Louis. 14 mins.
Money Matters: Mastering Basic Money Management. Video. LINX Educational
Publishing Inc., 2002. 28 mins.
Teens and Credit Cards: Use or Abuse? DVD. Educational Video Network, 2003.
24 mins.
The Fed Today. Video. Federal Reserve Publications. 14 mins.
21st Century Money Management: Checking Accounts. DVD. C.W. Publications, 2005.
21st Century Money Management: Credit Cards. DVD. C.W. Publications, 2005.
21st Century Money Management: Loans. DVD. C.W. Publications, 2005
21st Century Money Management: Saving. DVD. C.W. Publications, 2005.
Suggested Books/Texts
Brown, Betty J. and John E. Clow. Glencoe Introduction to Business. New York:
Glencoe/McGraw Hill Companies, Inc., 2008.
Center for Financial Training. Banking Systems. Ohio: South-Western, 2005.
Donavan, Sandy. How Economics Works: Budgeting. Minneapolis, MN:
Lerner Publications Company, 2006.
Fuller, Donna JO. How Economics Works: The Stock Market. Minneapolis, MN:
Lerner Publications Company, 2006.
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Kapoor, Jack R., et al. Glencoe Personal Finance. New York: Glencoe/McGraw Hill
Companies, Inc., 2007.
McGowan, Eileen Nixon and Nancy Lagun Dumas. Stock Market Smart. Brookfield,
CT: The Millbrook Press Inc., 2002.
National Endowment for Financial Education. NEFE High School Financial Planning
Program. Colorado: NEFE, 2006.
Federal Reserve Publications- Booklets/Brochures/Comic Books
Federal Reserve Bank of Atlanta- www.frbatlanta.org
Federal Reserve Bank of Boston- www.bos.frb.org/genpubs/index.htm
Federal Reserve of New York- www.newyorkfed.org/education
Federal Reserve of Philadelphia- www.philadelphiafed.org
Suggested Websites
Bank High School
http://www.bankhs.com/
Banking on Our Future
http://www.bankingonourfuture.org/master.cfm/main/home
Consumer Jungle
http://www.consumerjungle.org/
Moneyopolis
http://www.moneyopolis.com
Escape from Knab: The Adventure
http://www.escapefromknab.com/
Young Investor
http://www.younginvestor.com/
Internal Revenue Service
http://www.irs.gov/
Wells Fargo’s Hands on Banking
http://www.handsonbanking.org/
Wally’s Stock Market Ticker
http://www.prongo.com/stock/index.pl
Money Instructor
http://www.moneyinstructor.com
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Wall Street Journal Classroom Edition
http://www.wsjclassroom.com/
Practical Money Skills for Life
http://www.practicalmoneyskills.com/english/index.php
The Stock Market Game Simulation
http://www.smgww.org/
National Stock Market Simulation
http://www.nationalsms.com/
National Endowment for Financial Education Teen Resource Bureau
http://hsfpp.nefe.org/students/index2.cfm?deptid=15