Instructor: Simien, I
Course: EconomicsWeek I: 28 August- 1 September 2017
Monday / Tuesday / Wednesday / Thursday / FridayObjective(s): / Understand School/Classroom Rules and Procedures
Introduce students to semester projects / Identify and prioritize some of your personal and financial goals. Identify the steps you can take and the resources your will need to achieve your goals. / Identify and examine your current spending behaviors and patterns. / Understand what it means to budget and identify the reasons to maintain a budget. Create and maintain a personal budget that supports your personal and financial goals. / Assist in identifying and prioritizing personal and financial goals, create a plan to achieve those goals, and provide practice in setting up maintaining personal budget.
Academic Vocabulary: / Economy, Financial Literacy, budget, income emergency fund, income, savings, capital / Economy, Financial Literacy, budget, income emergency fund, income, savings, capital / Economy, Financial Literacy, budget, income emergency fund, income, savings, capital / Economy, Financial Literacy, budget, income emergency fund, income, savings, capital / Economy, Financial Literacy, budget, income emergency fund, income, savings, capital
TEKS: / ECO. 17B
ECO. 17C
ECO. 18B
ECO. 21A
ECO. 22A / ECO. 17B
ECO. 17C
ECO. 18B
ECO. 21A
ECO. 22A / ECO. 17B
ECO. 17C
ECO. 18B
ECO. 21A
ECO. 22A / ECO. 17B
ECO. 17C
ECO. 18B
ECO. 21A
ECO. 22A / ECO. 17B
ECO. 17C
ECO. 18B
ECO. 21A
ECO. 22A
WARM-UP / How did I spend my summer holiday? / CNN Student News and Why set goals? / CNN Student News and Where does your money come from and where does it go? / CNN Student News? What do you think of when you hear the word budget? Look to see if students have a negative connotation with the word. / CNN News and Quiz
INSTRUCTIONAL STRATEGIES / 1.PowerPoint: Classroom Procedures and Rules
2. Syllabus and Supply List.
3. Provide overview of Game of Life Semester Project / 1. Have the students list goals then divided them in the goal ranges. Work out how to prioritizing one goal from each categories and how to work toward those goals
2. Discuss the personal and external resources to achieve sample goals.
3. Use the handout Goal Setting to model how to create a long-term goal (retirement), a medium-term goal, and a short term goal like buying a prom dress. Remind students to start an emergency fund for $2,000 as a second short-term budget goal. / 1. Have students list their current sources of income? Poll those who have jobs to tell the pros and cons of having job.
2. Have students track their spending habits for the month? Look at the need vs. want.
3. Ask students How they decide what to spend and where to send it.
4. Look at opportunity cost of junk food hand out. / 1. Go over reasons to budget and the budgeting process
2. Using the handout, My First Budget, model how to create a budget using starting salary for a first year teacher with a Bachelor’s Degree in HISD - $44,987.
3. Have students choose a career and a likely starting salary for that career. Have students complete a budget for a young person earning that salary and create a mind web. / 1. Students rework a budget based on unforeseen events and compare tthere planned expenses with actual expenses
2. Students will identify tips for maintaining a budget.
EVALUATE
(check for
understanding) / Check for student answers to the questions posed. Affirm positive responses and clarify / Circulate the room to ensure students are completing tasks correctly. Provide feedback and clarify any misunderstandings. Redirect, reteach, and extend assistance to those who need it. / Review the concepts and skills of making decisions. Ask students “What might make a habitual Spender turn into a Saver What could turn a Saver into a Spender? / Circulate the room to ensure students are completing tasks correctly. Provide feedback and clarify any misunderstandings. Redirect, reteach, and extend assistance to those who need it. / Budgeting Quiz
HOMEWORK / Students will receive a homework list at the beginning of the week that is due on Friday