Cocalico School District Course Curriculum Details Course: Financial Literacy Area: Business Big Idea: Important Steps/Documents Needed to Start a Career
PA/Common Core Standards
Assessment Anchors/ Eligible Content
Key Vocabulary
Learning Activities
Materials/ Resources/ Technology Tools
Common Summative Assessments/ Targeted Outcomes
Objective: 1: Calculate the cost of education needed to begin a particular career. • 13.1.11F - Career Education and Work • 15.2.12A-B, E-H, J, N Business, Computer, and Info Tech.
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FAFSA grant scholarship student loan resume cover letter
• College Cost Project students compare earnings of a high school grade to their personal earnings for their career • Calculate Student Loan Project • Interview • Resume/Cover Letter
• Internet • Microsoft Excel • Schoology
• Completed Projects
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Objective: 2: Compare earnings of a high school graduate to career earnings of a chosen career. • See Objective 1
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Objective: 3: Become familiar with FAFSA and how to obtain financial aid. • See Objective 1
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Objective: 4: Calculate and evaluate student loan costs. • See Objective 1
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Objective: 5: Prepare a resume and cover letter. • See Objective 1
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Objective: 6: Be able to sell yourself in a job interview. • See Objective 1
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Cocalico School District Course Curriculum Details Course: Financial Literacy Area: Business Big Idea: Paychecks and Tax Returns
PA/Common Core Standards
Assessment Anchors/ Eligible Content
Key Vocabulary
Materials/ Resources/ Technology Tools
Common Summative Assessments/ Targeted Outcomes
• 1040EZ Tax Returns • 1040 Tax Returns w/Itemized Deductions • Gross/Net Pay Calculations
• Internet • Computers • Schoology
• 2038 Tax Return (based on hypothetical income, family, and deduction information.
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Learning Activities
Objective: 1: Calculate gross and net pay using Excel. • 15.1.12Y - Business, Computer, and Info Tech. • 15.3.12B, T - Business, Computer, and Info Tech. • 15.6.12E - Business, Computer, and Info Tech. • 11.1.12E - Family & Consumer Science
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gross pay net pay deductions 1040EZ 1040 itemized deductions standard deduction W-2 W-4 Form 1099 IRS
Objective: 2: Complete a 1040EZ tax return. • See Objective 1
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Objective: 3: Understand the difference between a standard deduction and itemized deduction. • See Objective 1
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Objective: 4: Complete a 1040 tax return with itemized deductions. • See Objective 1
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Cocalico School District Course Curriculum Details Course: Financial Literacy Area: Business Big Idea: Banking - Checking & Savings Accounts
PA/Common Core Standards
Assessment Anchors/ Eligible Content
Key Vocabulary
Learning Activities
Materials/ Resources/ Technology Tools
Common Summative Assessments/ Targeted Outcomes
Objective: 1: Maintain an accurate check register. • 15.4.12A - Business, Computer, and Info Tech. • 15.6.12G - Business, Computer, and Info Tech.
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FDIC service charge minimum balance check register endorsement outstanding check canceled check overdraft certificate of deposit money market account liquidity yield online bill pay live below your means pay yourself first electronic funds transfer
• Completion of Check Register • Reconciliation of Check Register w/Bank Statement • Compound Interest Calculation • Savings Video Activity
• End-of-Unit Activity preparation of PowerPoint with voice files explaining various banking functions/services and how to use these services
Objective: 2: Calculate simple and compound interest using Microsoft Excel. • See Objective 1
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Objective: 3: Understand the Rule of 72. • See Objective 1
Objective: 4: Become familiar with various electronic banking features. • See Objective 1
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Cocalico School District Course Curriculum Details Course: Financial Literacy Area: Business Big Idea: Use of Credit
PA/Common Core Standards
Assessment Anchors/ Eligible Content
Key Vocabulary
Learning Activities
Materials/ Resources/ Technology Tools
Common Summative Assessments/ Targeted Outcomes
Objective: 1: Understand what a credit score is and how it can impact the ability to borrow money. • 15.6.12.K-N - Business, Computer, and Info Tech.
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credit capital capacity credit bureau secured/unsecured loan creditor default liabilities cosigner home equity loan line of credit APR cash advance balance transfer installment loan
• Credit Card Calculations • Credit Score Activity • Teenage/College Student Credit Care Article Summary/Presentation
• Internet • Microsoft Excel • Schoology
• Article Presentation (on the dangers of teens using credit cards and precautions to take when using a card for the 1st time)
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Objective: 2: Calculate interest on a credit card. • See Objective 1
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Objective: 3: Understand different types of loans including: installment loans, secured/unsecured loans, lines of credit, home equity loans. • See Objective 1
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Cocalico School District Course Curriculum Details Course: Financial Literacy Area: Business Big Idea: Housing
PA/Common Core Standards
Assessment Anchors/ Eligible Content
Key Vocabulary
Learning Activities
Materials/ Resources/ Technology Tools
Common Summative Assessments/ Targeted Outcomes
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• End-of-Unit Activity purchasing of 3 homes, living in for 10 years, and using equity for new home
Objective: 1: Understand housing options available after high school • 15.6.12F, H, J - Business, Computer, and Info Tech.
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rental application lease landlord tenant sublet mortgage refinance down payment closing costs escrow deed fixed rate mortgage variable rate mortgage
• Monthly Mortgage Calculations • Equity Calculations
Internet Handouts Schoology Microsoft Excel
Objective: 2: Understand the costs/responsibilities of renting an apartment. • See Objective 1
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Objective: 3: Understand the cost and requirements to buy a home. • See Objective 1
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Objective: 4: Understand different mortgages that are available and how they affect monthly payments. • See Objective 1
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Objective: 5: Understand the concept of “equity” and how to build equity through home ownership. • See Objective 1
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Cocalico School District Course Curriculum Details Course: Financial Literacy Area: Business Big Idea: Investments: Stocks, Bonds, Mutual Funds
PA/Common Core Standards
Assessment Anchors/ Eligible Content
Key Vocabulary
Learning Activities
Materials/ Resources/ Technology Tools
Common Summative Assessments/ Targeted Outcomes
Objective: 1: Understand the difference between stocks and bonds. • 15.6.12Q-S - Business, Computer, and Info Tech.
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risk return liquidity bull market bear market dividend capital gain preferred stock common stock corporate bond municipal bond bond rating bond yield tax exempt mutual fund dollar cost averaging Rule of 78 401(k) traditional IRA Roth IRA contribution limit
• Dividend/Dividend Yield Calculations • Capital Gain Calculations • Dollar Cost Averaging • Bond Yield Calculations • 401(k) Examples • Rule of 78 Calculations
• Internet • Schoology • Handouts
• End-of-Unit Activity PowerPoint presentation with pictures and voice files to explain investment concepts
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Objective: 2: Understand the risks associated with investing in stocks and bonds. • See Objective 1
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Objective: 3: Understand what a mutual fund is and how it reduces risk when investing. • See Objective 1
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Objective: 4: Understand the concept of “Dollar Cost Averaging” and how it reduces risk when investing. • See Objective 1
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