April is Financial Literacy month. Thanks to generous funding by State Farm, the Gus A. Stavros Center at the University of South Florida was able to create daily lesson ideas, which are aligned to Florida Financial Literacy Standards embedded in the High School Economics course. Celebrate the month by engaging your students with articles, videos, political cartoons, and other media provided by the Tampa Bay Times Newspaper in Education and Florida Press Association. The ideas are all found on the Financial Literacy Month Calendar. We will tweet a lesson a day during the month of April. Have a merry money month! May the cash be with you.
Check out the video of the week from NIE. Do people always have the best judgment regarding risky events? Consider accidents regarding selfies. What did you think before watching the video? Is a "No Selfie Zone" reasonable or do you think people are overestimating the danger? Did the video change your opinion on the probability of accidents due to selfies?
Conduct some research in the newspaper online with a partner about risky behaviors. Should there be rules against or consequences for the risky behavior? Why or why not?
Financial Literacy Standard
SS.912.FL.5.4:Explain that an investment with greater risk than another investment will commonly have a lower market price, and therefore a higher rate of return, than the other investment. SS.912.FL.5.5:Explain that shorter-term investments will likely have lower rates of return than longer-term investments.
Financial Literacy Standards
SS.912.FL.3.1:Discuss the reasons why some people have a tendency to be impatient and choose immediate spending over saving for the future. SS.912.FL.3.6:Describe government policies that create incentives and disincentives for people to save.
Financial Literacy Standards
SS.912.FL.1.1: Discuss that people choose jobs or careers for which they are qualified based on non-income factors, such as job satisfaction, independence, risk, family, or location. SS.912.FL.1.2: Explain that people vary in their willingness to obtain more education or training because these decisions involve incurring immediate costs to obtain possible future benefits. Describe how discounting the future benefits of education and training may lead some people to pass up potentially high rates of return that more education and training may offer. SS.912.FL.1.3: Evaluate ways people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices. SS.912.FL.1.6: Explain that taxes are paid to federal, state, and local governments to fund government goods and services and transfer payments from government to individuals and that the major types of taxes are income taxes, payroll (Social Security) taxes, property taxes, and sales taxes. SS.912.FL.1.7: Discuss how people’s sources of income, amount of income, as well as the amount and type of spending affect the types and amounts of taxes paid.
People don't always make wise buying decisions. What if you made a bad decision like some of these consumers in the article Scam Artists Target Previous Victims (download the article below and scroll to the bottom of the page).
Do you think everyone should earn the same wage? What if some people work and others just sit there? Check out Henry Ford's Lesson on Wages and Productivity from Tampa Bay Times opinion column. What did Henry Ford believe? How is the wage or salary paid to workers determined? Why are businesses more willing to pay higher wages to more productive workers? Discuss issues surrounding earning more money based on job performance. For more about Henry Ford, check out the PBS American Experience: Henry Ford information.
Financial Literacy Standards
SS.912.FL.1.4: Analyze the reasons why the wage or salary paid to workers in jobs is usually determined by the labor market and that businesses are generally willing to pay more productive workers higher wages or salaries than less productive workers. SS.912.FL.1.5: Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker’s income or may cause unemployment.
Watch this NIE video and use the discussions questions in the Tampa Bay Times Video of the Week lesson. After discussing the video and other information, ask students to consider the different choices for education. What are the costs and benefits? Now check out the infographic from the Federal Reserve. Using this information, what are some ways people can make more informed college and career decisions? What are the costs of certain career choices? What are the benefits?
Financial Literacy Standard
SS.912.FL.1.3: Evaluate ways people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices. SS.912.FL.1.2: Explain that people vary in their willingness to obtain more education or training because these decisions involve incurring immediate costs to obtain possible future benefits. Describe how discounting the future benefits of education and training may lead some people to pass up potentially high rates of return that more education and training may offer. SS.912.FL.1.3: Evaluate ways people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices. |
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January 2022
CategoriesAuthorDeborah Kozdras, Ph.D. |