The curriculum covers the basics of financial literacy from both the micro (personal) level to the macro (societal) level. The course includes principles, concepts and terminology on the following topics: economic thinking, money, assets and liabilities, business ownership, financial instruments (stocks and bonds, mutual funds, etc.), banking, interest rates, taxes, insurance, retirement funding, mortgages and home ownership, savings. Students will develop spending and budget sheets and will manage a stock portfolio on the Virtual Stock Exchange (VSE). There will be a brief presentation by each student in the final days.
Goals and Outcome
Identify economic thinking and reasoning
Describe the history and use of money and other financial assets
Identify and explain personal spending habits based upon income
Determine various investment strategies
Evaluate the value of a stock, bond, or mutual fund
Identify insurance needs
Develop a budget on a minimum wage salary
Elucidate a short term and long term financial plan