Week of 05/06 Econ Lesson Plans

Week of: 05/06

*for additional curriculum information, please visit the district's resource High School Resource Guides  or Georgia Standards of Excellence

Course Name: Economics

Monday

Standard(s):4b. Compare services offered by different financial institutions, including banks, credit unions, payday lenders, and title pawn lenders. 

LT:We will learn how to compare various banks, their services, and types of loans they provide.

SC:I can compare commercial banks, credit unions, and payday lenders.

Lesson/Activity: Types of Banks/ IOUSA

Resources: IOUSA video

Tuesday

Standard(s):4c. Compare and contrast cash, debit cards, credit cards, prepaid cards and mobile payment apps in terms of how they work, acceptability, and the costs and benefits associated with each.

LT: We will learn how to calculate compound interest and about the risk of credit cards.

SC:  I can calculate compound interest.  I can fill out a credit card interest balance sheet.

Lesson/Activity: Credit and Debit Cards

Resources:QtPi Fashions

Wednesday

Standard(s):6b. Describe the basic components of a credit score including payment history, debt to income ratio, amount owed, length of credit history, types of credit used, amount of available credit, and recent credit applications

LT: We will learn how to check our credit and what constitutes our credit scores.

SC:I can check my credit. I can explain why good credit is important when taking a home/car loan.

Lesson/Activity:Credit Card Comparisons and Credit Scores

Resources:Credit Karma

Thursday

Standard(s):3d. Evaluate the risk and return of a variety of savings and investment options, including: savings accounts, certificates of deposit, retirement accounts (i.e. Roth IRA, 401K, 403b), stocks, bonds, 529 accounts, and mutual funds and explain the importance of diversification when investing

LT:Compare different aspects of investments including risk, return, and liquidity

SC:I can compare stocks, bonds, mutual funds, pensions, and other types of investments.

Lesson/Activity:Investments

Resources:Sample Investment Portfolios

Friday

Standard(s): 6d. Explain the difference between revolving credit and installment credit. e. Explain causes of personal bankruptcy and describe consequences of declaring bankruptcy.

LT:I can describe the leading causes of bankruptcy. 

SC:I can describe the leading causes of bankruptcy. 

I can explain the effect of bankruptcy on a person’s credit. 

Lesson/Activity:Bankruptcy and Revolving Credit

Resources:Budgeting Worksheet