These lesson plans are meant to be used in either Career-Life Connections 11, Pre-calculus 11, and/or Foundations of Math 11 (BC Curriculum). They cover the factual side of banking, credit, and investments. I recommend using the Absolute Value Publication workbooks (included in both the foundations and pre-calculus 11 workbooks) along with these lessons as the books cover the mathmatical concepts (calculating simple and compound interest) thoroughly.
Note: these lessons were made based on 80 minute work blocks. I tend to plan my lessons 2 at a time.
Lesson 1-2
- Introduce the topic of banking. Ask students: (10 minutes)
- What do you already know about banking?
- How does banking work?
- Do you use a bank? If so, what services do you use? What services do your parents use?
- Do you think banking is important? Why or why not?
- Have students write down key information while they watch the YouTube video Kurzgesagt | money explained - banking and credit and Banking 1 | Money, banking and central banks | Finance & Capital Markets | Khan Academy (20 minutes)
- Have a class discussion about what type of questions that video brought up (prompts: different types of banking like credit unions and new investment, recessions (2008), microloans (15 mins)
- Hand out lesson 1 student notes (2 mins)
- Go through Teacher PPT on banking with the class (30 minutes)
- Have students research banks using the comparing banks worksheet to guide them. Students will need access to computers with internet for this. (rest of class + the following class to finish)
- Class discussion on their research findings
Lesson 3-4
- Recap from last class: (5-10 minutes)
- What is a bank's primary goal?
- What is a central bank?
- How are commercial and online banks different?
- What should you look for when choosing a bank to use?
- Introduce the topic of credit: (5-10 minutes)
- What do you already know about credit/debt?
- What types of credit/debt do you know about?
- Is going into debt always a bad thing?
- What do you wonder about credit/debt?
- Hand out lesson 2 student notes (2 mins)
- Go over Teacher PPT with the class (30 minutes)
- Have students complete the debt scenario worksheet by using notes and researching online for strategies to reduce/eliminate debt. Make sure to let them know that 'making more money' or 'make bigger payments' are not acceptable answers. (remainder of class time + time in the following block)
- Go over the answers to the debt scenario worksheet as a class (20 mins)
- Recap from last class: (5-10 minutes)
- What are 2 pros and 2 cons of using credit cards?
- What is a credit score? What are 2 things you can do to increase your score?
- What is the difference between a secured and unsecured loan?
- Is bankruptcy an easy way to get out of debt?
- Introduce the topic of investing: (5-10 mins)
- What do you already know about investing?
- What type of investments do you already know about?
- Should everybody invest the same way?
- What do you hope to learn about investing?
- Hand out lesson 3 student notes (2 mins)
- Go through Teacher PPT with the class (30 minutes)
- Hand out investment scenario worksheet (2 mins)
- Have students complete the worksheet using their notes and/or researching online (remainder of class)
- Go over the answers to the worksheet as a class (20 mins)
- Play a game: Go to buildyourstax.com and create a group for students to join. Students need to be on a laptop to join and play properly - cell phones don't work very well. This game takes about 30 minutes to play a round, and in my experience is a bit hit with students.
Lesson 7: Review Class
Lesson 8: Assessment
I hope you found these plans useful!
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