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Unit #5 - Money/Credit
Unit #5 - Money/Credit
Unit #5 Daily Lessons (Subject to change)
Unit #5 TEST
Review & Prepare for Unit #1 TEST
Monday, March 26
Tuesday, March 27
Wednesday, March 28
Thursday, March 29
Friday, March 30
Monday, April 2
Tuesday, Nov. April 3
Wednesday, April 4
Thursday, April 5
Friday, April 6
These two days will be used to review the
information and skills presented in this
unit and measure the objectives learned.
**Note: Any assignments NOT completed in class will be considered HOMEWORK**
**Note: Any assignments NOT completed in class will be considered HOMEWORK**
Daily Activities
Day/Date
Assignments
Monday, April 9
Tuesday, April 10
Wednesday, April 11
Thursday, April 12
Friday, April 13
Unit Objectives
Unit Objectives
E.12 Economics. The student understands the role of money in an economy. The student is expected to:
    E.12A Describe the functions of money.
    E.12B Describe the characteristics of money, including commodity money, fiat money, and representative money.
    E.12C Examine the positive and negative aspects of barter, currency, credit cards, and debit cards.
E.13 Economics. The student understands the role of the Federal Reserve System in establishing monetary policy. The student is expected to:
    E.13A explain the structure of the Federal Reserve System
    E.13B analyze the three basic tools used to implement U.S. monetary policy, including reserve requirements, the discount rate and the federal funds rate target, and open-market operations
    E.13C explain how the actions of the Federal Reserve System affect the nation's money supply
    E.13D analyze the decline in value of the U.S. dollar, including the abandonment of the gold standard
E.17 Personal financial literacy. The student understands the role of financial markets/institutions in saving, borrowing, and capital formation. The student is expected to:
    E.17A Explain the functions of financial institutions and how they affect households and businesses.
    E.17B Explain how the amount of savings in an economy is the basis of capital formation.
    E.17C Analyze the role of interest and risk in allocating savings to its most productive use.
    E.17D Examine the types of accounts available to consumers from financial institutions and the risks, monetary costs, and benefits of maintaining these accounts
E.18 Personal financial literacy. The student understands the role of individuals in financial markets. The student is expected to:
    E.18A Assess ways to be a wise investor in the stock market and in other personal investment options.
    E.18B Explain how to begin a savings program.
    E.18C Examine investment options available in a personal retirement plan.
    E.18D Demonstrate how to maintain a checking account, including reconciling a bank statement.
    E.18E Identify the types of loans available to consumers.
    E.18F Explain the responsibilities and obligations of borrowing money.
    E.18G Develop strategies to become a low-risk borrower by improving one's personal credit score.
E.19 Personal financial literacy. The student applies critical-thinking skills to analyze the costs and benefits of personal financial decisions. The student is expected to:
    E.19A Examine ways to avoid and eliminate credit card debt.
    E.19B Evaluate the costs and benefits of declaring personal bankruptcy.
    E.19C Evaluate the costs and benefits of buying insurance.
    E.19D Evaluate the costs and benefits of charitable giving.
E.20 Personal financial literacy. The student understands how to provide for basic needs while living within a budget. The student is expected to:
    E.20A Evaluate the costs and benefits of renting a home.
    E.20B Evaluate the costs and benefits of buying a home.
PFL.1 Earning and spending. The student understands how to set personal financial goals. The student is expected to:
    (A) differentiate between needs and wants in evaluating spending decisions;
    (B) investigate the student's money personality, including spending and saving propensity;
    (D) develop financial goals for the short, medium, and long term that are specific, measurable, attainable, realistic, and time based.
PFL.2 Earning and spending. The student understands how financial statements are used to assess and monitor financial well-being.  The student is expected to:
    (A) reconcile a bank statement with personal records to ensure the accuracy of deposits, withdrawals, and transfer activities;
    (B) track income and expenses and develop an income statement;
    (C) develop a budget that incorporates short-, medium-, and long-term financial goals;
    (F) evaluate the impact of unplanned spending on a budget.
PFL.5 Saving and investing. The student understands the importance of saving and investing in creating wealth and building assets.  The student is expected to:
    (B) develop an intermediate-term saving and investing strategy to achieve a goal such as accumulating a down payment on a home or vehicle;
    (A) compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans, and title loans;
    (B) compare and contrast types of credit, including revolving and installment credit, and collateralized loans versus unsecured credit;
    (C) evaluate the impact of credit decisions on monthly budget, income statement, and net worth statement.
PFL.4 Earning and spending. The student critically evaluates consumption decisions. The student is expected to:
    (A) analyze costs and benefits of owning versus renting housing;
    (B) analyze costs and benefits of owning versus leasing a vehicle;
    (C) compare total costs of alternative methods of payment such as rent-to-own, store credit, installment agreements, cash, bank credit card, and debit card;
    (D) apply strategies for making informed decisions about purchasing consumer goods such as comparing prices per unit, looking for sales or promotions, and negotiating price.
PFL.8 Credit and borrowing. The student understands the use of credit to make purchases. The student is expected to:
    (A) compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans, and title loans;
    (B) compare and contrast types of credit, including revolving and installment credit, and collateralized loans versus unsecured credit;
    (C) evaluate the impact of credit decisions on monthly budget, income statement, and net worth statement.
PFL.9 Credit and borrowing. The student identifies factors that affect credit worthiness. The student is expected to:
    (A) discuss how character, capacity, and collateral can adversely or positively impact an individual's credit rating and the ability to obtain credit;
    (B) describe how to access and interpret a sample credit report and score;
    (C) describe the importance of monitoring credit reports regularly and addressing mistakes;
    (D) identify factors that could lead to bankruptcy such as medical expenses, job loss, divorce, or a failed business;
    (E) appraise the impact of borrowing decisions on credit score, including consequences of poor credit management and bankruptcy.
PFL.10 Credit and borrowing. The student evaluates a decision to use credit. The student is expected to:
    (A) examine the components of the cost of borrowing, including annual percentage rate (APR), fixed versus variable interest, length of term,
         grace period, and additional fees such as late payment, cash advance, and prepayment penalties;
    (B) explain strategies to reduce total cost of borrowing such as making a higher down payment and additional principal payments;
    (C) differentiate between the use and cost of debit and credit cards.
Stock Market Project
Last Day to Turn in Missing Work
Without the 30% Discount
Understanding &
Correcting Test Mistakes
Study Guide
This Unit will introduce the class to money and credit.  
Students will learn about payroll deductions that will affect their
future paychecks.  They will be introduced to the many forms of credit,
from credit cards to home mortgages and vehicle loans.  The class will
learn to calculate simple and compound interest.  Students will study
credit ratings and examine the the things that have positive and/or
negative effects on their credit score
Homework, Enrichment, and Alternate Assignments
Stock
Market Sim
PowerPoint
Project/Group
Writing
Video
Test
Discussion
Graphic
Organizer
Reading
Presentation
TRS
College
Planning
Interview
Portfolio
Stock Market Project
College Planning
Stock Market Project
College Planning
College Planning
Understanding
Your Paycheck
Understanding
Your Paycheck
Unemployment
Labor and Wages
Economic Indicators
Gender and Wages
Types of Unemployment
Taxes and the Economy
Understanding Taxes
Gender Equity
Read: Chapter 9
Labor & Wages
Read: Chapter 12
Evaluating the Economy
Read: Chapter 14
Taxes & Government
Read: Chapter 13
Economic Instability
Evolution of Money
Read: Chapter 10
Money & Banking
Monetary Policy
History of Banking
Currency Chart
The Federal Reserve System
Federal Reserve
Prices Then and Now
Read: Chapter 16
Monetary Policy
Read: Chapter 15
Fiscal Policy
Calculating Simple & Compound Interest
All About Interest
Your Credit Score
Types of Credit
Student Loans, Auto Loans, Mortgage (Home Loan)
Auto Loan Calculator
Mortgage Calculator
Student Loan Calculator
Bankrate.com: General Loan Calculator
Pros and Cons of Credit
Credit Cards
Paycheck Calculator
Your Credit Rating
Types of Credit and Debt
Monday, April 16
Tuesday, April 17
Wednesday, April 18
Thursday, April 19
Friday, April 20
College Planning
Stock Market Project
Economic Indicators