Minding My Business by April Ross

For copies of this guide, or more information on integrated thematic instruction for at-risk youth delivered in community settings, contact:

Eckerd Youth Alternatives Education Department 100 N. Starcrest Drive Clearwater, Florida 33765 (727) 461-2990 Or visit www.eckerd.org .

E3 Curriculum

This publication was produced through funding provided by the National Foundation for Youth and Eckerd Youth Alternatives.

E3 Curriculum is designed as an electronic Internet experience with hard copy publications as auxiliary materials. This publication is intended to be used in conjunction with three other key publications, all four of which constitute the E3 Curriculum that defines the Eckerd Educational Experienceâ&#x20AC;&#x201D; a fully integrated academic system for graduating youth at risk of dropping out of school.

E3 Theme Cluster: C (3-1)

Thematic Units of Study Cluster C: Civics, Citizenship & Community Living Academic topics may include, but are not limited to, these...

Minding My Business—

Being of Service—

Free Enterprise, Stock Market & Financial Literacy

Civics, Citizenship, Community Conflict, Chaos & Living & Giving Back Compromise

C (3-1) Ancient Trade Routes, Money Systems & Markets; Global Trade Today; Sanctions, Treaties, Embargoes, Boycotts Forms of Government & Their Related Economic Structures What is a Free Enterprise System? Group Entrepreneurial Project—Business Plan Covering Wants & Needs, Supply & Demand, Producers & Consumers; Marketing & Distribution; Inventory, Payroll, Budgets, Break-even Points & More Economic & Financial Literacy: Understanding Investments & the Stock Market Working & Earning; Wages, Social Security Tax, Income Tax, Loans & Interest; Credit Card Debt

War & Peace—

C (3-2)

C (3-3)

What is a Leader? Famous & Infamous Leaders, Related Forms of Government

Ancient Civilizations, World History & American History Timelines—The Rise & Fall

Group Project—Who‘s Your Hero?

Women‘s Roles in Wartime America, Daughters of the American Revolution (DAR), Suffrage & The Vote

Civic Duties, Citizenship: Families & Communities in Harmony Restitution, Restoring Relationships, Letter Writing & Making Amends How is a Service Project Planned & Managed? Keeping a Service Log Finding Opportunities to Serve: Government-sponsored, Internships, Volunteer & Mentoring Programs, Church Ministries

Internal Conflicts: From Civil War to Civil Rights 1860-1960 World Powers, Forms of Government & Foreign Policy; International Organizations (NATO, UN) Tragic but True: Holocaust War Camps, Japanese-American Internment In-depth Study of War: WWI, WWII; Korean, Vietnam, Desert Storm & Gulf Wars; Iraq

Vocations & Avocations, Hobbies & Interests

Vehicles of War & Weaponry (with caution)

The Game of Life—Your First Car, Rent, Food Shopping & Entertainment

Career Strategies—16 Career Clusters, US Government, Doing What You Love!

21st Century Conflicts: Global Terrorism, Homeland Security, Weapons of Mass Destruction

Independent Living & Consumer Science Skills

Altruism & Philanthropy

2008 Historic Presidential Election & the Recession

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E3 Thematic Unit: Minding My Business

Integrated Theme Standards for Minding My Business

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E3 Theme Cluster: C (3-1)

Integrated Theme Standards for Minding My Business

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E3 Thematic Unit: Minding My Business

Minding My Business— Free Enterprise, Stock Market & Financial Literacy Introduction The Minding My Business theme provides an overview of economic concepts and explores several economic systems in personal contexts, using project-based activities and simulations. Students practice investment techniques, learn how to balance a portfolio, and understand the stock market by using a ―funny money‖ simulation. They also prepare a viable business plan and ―pitch‖ their start -up venture to peers. They explore free enterprise opportunities available in a democracy and contrast varying economic markets from other forms of government. Career success, leadership skills and project management are emphasized through business ownership. Students experience, firsthand, how life management and consumer skills such as budgeting, managing credit, understanding banking, working to earn and saving for the future relate to economics and government in a global society. They explore personal stability and financial literacy at the family level.

Academic Spotlight Directions: In each of the three Cluster C themes, major academic emphasis is placed on health and consumer science and on social studies. However, effective themes always include academic standards from all six subject areas. Remember that language arts standards and practical and performing arts standards are selected in order to anchor group and individual projects for the grading period.

Focus on Economics & Governments

Health Science, Life Management & Leadership Skills

The main emphasis of this social studies-focused theme is economic principles: wants versus needs; supply and demand; capital goods vs. consumer goods; the meanings of opportunity costs, production, distribution and consumption; and entrepreneurial strategies.

Studies include banking, budgeting and consumer skills, media influence, ―buyer beware‖ and choice -making strategies for allocating personal resources.

Language Arts & Humanities

Study topics include the basic economic questions all societies must answer when allocating resources:

Topics include forming persuasive arguments; dissecting the language of advertising and media influence techniques used to persuade; writing business plans; and budgets.

What goods and services will be produced? How will we produce them?

Through Internet research lessons, students learn to rate the credibility of a source. Practical arts and career studies focus on logo, letterhead, advertisement and website designs for business, along with the mechanics of collaboration and negotiation.

For whom will they be produced? Students learn the history of trade and explore three economic systems: the market economy system, command economies and mixed-market systems. They also relate capitalism, socialism and communism to these methods of exchange. Connections between America (as a democracy) and other forms of government are explored. -4-

E3 Theme Cluster: C (3-1)

Getting Started Planning a rigorous and relevant integration of academic standards into a viable theme starts with the end in mind. What do the students need to master, and how will competency be measured?

Objectives As a result of this unit of study, students will be able to:

Personal Attitudes, Values & Beliefs for This Theme

Demonstrate a basic understanding of stock market principles, portfolio management and how to buy, sell and track investments.

Living in a democratic society offers me certain freedoms and requires certain responsibilities.

Participate in a group business â&#x20AC;&#x2022;plan-andpitchâ&#x20AC;&#x2013; meeting.

I can work to earn money, allowing me to have more choices on my own.

Identify and apply practical budgeting strategies in everyday situations.

I can earn a high school diploma that will add to my lifetime wage.

Demonstrate key skills required for independent living with regard to financial literacy and money management.

Understanding the stock market and investments can help me to build wealth beyond employment.

Explain the cause/effect relationships between earning potential and post-graduate training or years of college.

I may enjoy a career in the fields of banking, money management or financial planning. I might enjoy starting my own company and being my own boss.

Essential Questions & Universal Themes What do we learn in our families?

Assessment Features

What is culture? Why does man live in groups? What is social justice?

Competency measures used to evaluate content knowledge and process skills may include, but are not limited to:

Why give back to your community? What causes a group to fight?

oral presentations

Why problem solve for peace?

written products student projects (with contract)

What is a hero? A humanitarian? An activist? A philanthropist?

lab experiments and notebooks

What makes a good leader?

observation (with conference report)

Why are governments formed?

group displays

Why do countries find themselves at war?

reflective journals trip plans and packet checklists project management portfolios

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E3 Thematic Unit: Minding My Business

Bookends Once learning goals and student outcomes are in place, consider related career fields and real-world experiences where these learning skills are used to solve problems or create new products. Finally, consider how you will open and close the theme.

Guest Speakers & Career Visits buyer from local chain store

Launching the Theme

independent small business owner

The theme launch is designed to excite and engage learners, allowing them to take personal ownership for their own learning path and to choose topics of interest for further exploration.

nearby factory or other mass production facility professor or teacherâ&#x20AC;&#x2DC;s aide from nearby university economics department

Ideas may include, but are not limited to: Introduce industrialization through a simulation.

Important Agencies & Organizations

Engage students in a mass-production project, with each youth or group completing one specialized task.

Better Business Bureau (BBB) SCORE

Create a final product using an assembly line style, such as a small toy that can be donated to a local hospital or charity.

US Department of the Treasury The Federal Reserve System (the Fed) Occupational Outlook Handbook

Culminating Activities Culminating activities involve the entire group in a celebration of learning. Ideas may include: Host a Career Day with presenters from a variety of fields.

Day Trips & Local Rambles

Videotape the presentations and then edit for a collage of video highlights.

Tour a nearby federal or state bank or credit union, including a trip to the vault.

Collect brochures from as many occupations as possible by writing letters of request.

Visit a grocery or pharmacy chain that uses an electronic inventory system. Learn how the tracking parameters are determined and how the results are used.

Have teachers and counselors make their own brochures to share with the group. Allow students to collect information to work on and personalize their career success portfolios.

Visit a national chain store in a local mall. Find out why merchandise might differ from one store to another, and how weekly ads affect those decisions.

Schedule a visit to a local Career Fair hosted at a nearby university.

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E3 Theme Cluster: C (3-1)

FOR YOUR NOTES

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E3 Thematic Unit: Minding My Business

Social Studies (SSt)

American History _______________________________ _______________________________ _______________________________

Theme Web:

Minding My Business Free Enterprise, Stock Market & Financial Literacy

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World History

Earth & Space Science

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Environmental Science & Ecology _____________________________

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Science (Sci)

_____________________________ English Language Arts (ELA)

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Civics, Citizenship & Government _______________________________

Physical Science & Chemical Principles ______________________________

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Economics & Careers

Practical & Performing Arts (PPArts)

Biology I with Labs & Notebook

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E3 Theme Cluster: C (3-1)

Materials Map Minding My Business Free Enterprise, Stock Market & Financial Literacy

Charts, Maps, Tables, Graphs

Art Supplies & Project Samples

_________________________________

_________________________________ Hands-On Materials for Exploration

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Kits, Cards, Posters, Displays

Other

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E3 Thematic Unit: Minding My Business

Health & Consumer Science Background What is a Budget?

Budgeting is all about keeping an eye on the bottom line. The money coming in (earnings) should be greater than the money going out (spending) to maintain a balanced budget.

A budget is a plan for spending and saving money. Corporations and businesses budget their money. So do governments and individuals. An important part of understanding a budget is to make sense of the three types of expenses: variable, fixed and periodic or occasional expenses.

Discovery VIDEOS & STUDENT HANDOUT: Credit and Credit Cards Economics: The Production, Distribution, and Consumption of Goods and Services: Money

Variable expenses, such as food or entertainment, are payments that fluctuate from month to month. Fixed expenses require the same amount to be paid each month, such as a mortgage or rent, a car payment or car insurance. Periodic or occasional expenses refer to money that is not normally spent on a month-to-month basis, such as gifts, vacations or fixing a flat tire, and can include both needs and wants.

What Does “Buyer Beware” Mean? The term ―buyer beware‖ is used to warn the consumer to get the true facts about a product or service in order to make an informed decision. It means keeping your eyes and ears open and doing a lot of research before you make a purchase.

Discovery VIDEOS:

With only so much money to allocate, if you decide to buy one thing, you may not have the resources to buy something else. Selecting goods and services always involves trade-offs, where shoppers are challenged to make an informed choice and practice being a wise consumer.

Tools for Financial Success Eating for Less: Lily Gets Her Money's Worth

Needs, Wants & Buying on Impulse

Capitalism

In order to survive and stay healthy, all people need food, clothing and shelter in a safe place. But we spend our money on many things that are not necessary for survival, such as the latest CD, an iPod or MP3 player, brand name sneakers or jeans. These are known as wants because, although we enjoy them, we can do without them or we can find a similar product or service at a more reasonable price. When we buy too many wants without covering our needs, it throws our budget out of whack.

Capitalism is the economic system at work in the United States. The word capitalism describes how we, as a nation, manage our resources to meet our needs. In a capitalist society, the people who live in the country may decide for themselves what kinds of services they would like to provide and which goods to produce in order to make a personal (or corporate) profit.

Another habit that throws a budget out of whack is impulse buying. Media and marketing techniques have a lot to do with persuading consumers to buy more than they had originally planned. If you buy on credit rather than using cash on hand, impulse buying can easily cause spending beyond one‘s means.

Even though the government regulates and taxes businesses and trades in a capitalist system, free enterprise principles allow American citizens—not the government—to decide what to make, how to make it and to whom it may be sold. However, because foreign trade and government relations are so important to business success, many global, social and political issues impact business profits in a democratic economic concept.

Key Health & Consumer Science Vocabulary fixed expenses = expenses that stay the same month after month variable expenses = expenses that can change or vary from month to month periodic or occasional expenses = expenses that normally do not occur month to month capitalism = an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free and competitive market and motivation by profit - 10 -

E3 Theme Cluster: C (3-1)

Health & Consumer Science Background Health & Wellness, the Social Sciences & Consumer Skills: Life Management, Leadership & Career Success Exploring health science and financial literacy in personal contexts with regard to adolescent issues, and comparing local and national examples, bring economic concepts to life.

What is Economics? Economics is the science of decision making. Economists study how a society uses its resources to satisfy its basic wants and needs. What is Economics? (pdf) overview, definitions Economics Basics: Demand and Supply NetMBA Economics mini-lessons

NEFE High School “Plan Your Finances” My Bread STUDENT GUIDE home page: http://hsfpp.nefe.org/students/index2.cfm? deptid=15 NEFE reading assignments & STUDENT WORKBOOKS: Unit I: SMART Goals and Your Personal Financial Plan

What is Economics? (Vanderbilt) What is Economic Efficiency?

Unit One - Your Financial Plan: Where It All Begins

What is Economic Freedom?

Unit 2: Budgets

What is Economic Development?

Unit Two - Budgeting: Making the Most of Your Money Unit 3: Debt and Credit Unit Three - Good Debt, Bad Debt: Using Credit Wisely 3

Spending Smart & Budgeting Internet Links ‖Don‘t Buy It‖ advertising gimmicks

STUDENT PAGES

―Don‘t Buy It‖ media influence TEACHER GUIDE “Spending Smarts” Articles for Younger Readers Think Before You Buy! Toys, Gadgets, and Sports Gear Food and Fun Smart Money: College & Work— Planning for After High School 40 Money Management Tips Every College Student Should Know Cash Course Choices Planner (pdf) Practical Money Skills for Life

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E3 Thematic Unit: Minding My Business

Social Studies Background How is an Exchange Different from the Stock Market?

consider if you want to make investments that will earn you a profit.

What are Liquid Assets?

The stock market is a public or private market that trades stock (the money supply that a company has earned). There are several different stock exchanges that trade on the market.

One step is to learn about investment vehicles that can help an investor build wealth. Some common investment vehicles, or choices, are interestbearing bank accounts, stocks, bonds, Treasury bills (T-bills) and mutual funds.

The very first American stock exchange was created in Philadelphia in 1790; but once traders began meeting every day on Wall Street in New York, it became known as the New York Stock Exchange, or NYSE. Its rival, the New York Curb Exchange, was founded in 1842, right where their trading took place—curbside, on the actual street. Years later, trading moved indoors; and in 1953, the New York Curb Exchange became the American Stock Exchange, or AMEX.

These are called liquid assets, which means that they can be sold any time the investor is ready to sell. It can be as easy as closing and cashing out a bank account, or selling your stock shares or your bonds. A decision to liquidate will depend on where you have your money invested and what you need it for, as well as how much you stand to gain or lose if you liquidate. These trade-offs are considered because investors want to make a profit.

The New York Stock Exchange and the American Stock Exchange are known as traditional markets. They are private associations that sell membership seats.

What is the Federal Reserve System?

Unlike the two traditional markets, the Nasdaq Exchange has no central trading location or trading floor. It is an advanced telecommunications computer network run by the National Association of Securities Dealers, allowing brokers to monitor stock prices, match orders and make trades from anywhere in the country.

The Federal Reserve System (aka the Fed) is the national banking system of the US.

The New York Stock Exchange has 1,366 members; the American Stock Exchange has 864 members; and the country‘s largest exchange, the Nasdaq, has nearly 5,000 companies. It also trades more shares daily than any other exchange. In 1998, Nasdaq merged with AMEX.

The Fed regulates the amount of money available by looking at the interest rate and making adjustments to see that more or less money circulates.

The Fed sets the monetary policies for our country in response to inflation and to recession. It regulates all full-service commercial banks, which must be insured members.

Other jobs of the Fed include setting the prime rate and acting as a national clearinghouse for checks.

How do Investors Accumulate Wealth? Investments require putting your money into something for the purpose of increasing the original amount. There are a several important steps to

Key Social Studies Vocabulary bear market = a period of time where stock market prices, in general, are falling bull market = a period of generally rising stock prices in the overall marketplace going public = a private company‘s decision to sell stock to the public so the company can raise capital to produce its goods or services; this stock is called an IPO, or initial public offering securities = stocks, bonds and notes sold on the stock exchange portfolio = total list of holdings owned by an investor liquid assets = can be quickly exchanged for cash investor = buys and sells on an exchange in hopes of making a profit and growing wealth - 12 -

E3 Theme Cluster: C (3-1)

Social Studies Background Understanding People, Places & Cultures through History When students explore a wide array of social, political, economic and cultural perspectives, they learn about themselves and their place in the world. Historically, understanding the cause/effect relationships between key people, populations, locations and events of the past helps students to explore current events and global trends in today's world.

Market Indexes

Building Wealth in the Classroom (Series)

What is a Stock? The stock market‘s progress is reported in a total of 29 different indexes published daily in The Wall Street Journal. Condensed reports can also be found in some national and local newspapers, online or on televised news networks.

Unit 1: Budget to Save Unit 2: Save & Invest Unit 3: Control Debt

Several highly recognized index reports are:

The Basics of Saving & Investing: Investor Education 2020

The NYSE Composite Index includes all the stocks traded on the New York Stock Exchange. It also states the activity of four primary sectors—industrial, utility, transportation and financial—in four other indexes.

STUDENT WORKBOOK

download

(Also available by individual chapter.)

The Standard and Poor‘s 500 Index (aka the S&P) reports on 500 stocks, 400 industrial companies, 20 transportation companies, 40 utilities and 40 financial companies.

Markets Can—& Do—Crash & Burn Black Tuesday

The Nasdaq Stock Market Composite Index tracks the performance of stocks traded through the Nasdaq system.

In October of 1929 the stock market collapsed, causing profound events: over ten billion dollars were lost; rich investors faced immediate bankruptcy; and five thousand banks failed and closed, causing over nine million people to lose their savings.

The AMEX Composite monitors the performance of the companies listed on the American Stock Exchange. The Dow Jones Industrial Average, more commonly known as the Dow, is the best known and most widely reported market indicator. It was named after Charles Dow, who made a list of the average closing prices of 11 stocks he thought represented the economic strength of the country. After 12 years of deletions, additions and substitutions, he published the first list in 1896.

What led to the stock market crash, and later to the Great Depression? Stock Market Crash Stock Market Crash overview stock market crash of 1929 GOOGLE IMAGE results The Great Depression

CNN Stock Pages (all)

Library of Congress—The Great Depression Primary Source Sets pictures and artifacts Causes of the Great Depression The Great Depression and the Arts Riding the Rails—PBS American Experience

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E3 Thematic Unit: Minding My Business

Recommended Reading for This Theme It is important to provide varied reading materials across genres and grade levels, using both fiction and nonfiction formats for effective reading instruction. Directions: Always preview novels or other reading materials before using them with students. The content may contain sensitive material that, while appropriate for a specific age group, also may not be appropriate for all. Individual group members may also not be ready for certain topics or situations such as death, grieving over other losses, abandonment or violence due to their personal issues. Discretion is always advised.

Biography & Autobiography

continued I'm A Shareholder: The Basics About Stocks— For Kids by Rick Roman

Founding Fathers (actual Constitutional Convention attendees), Andrew Hamilton, Thomas Jefferson

The Kids' Business Book (Kids' Ventures) by Arlene Erlbach

entrepreneurs, philanthropists

The Kids’ Guide to Business: Preparing and Launching Kids into Business by Jeff M. Brown

business titans like Donald Trump, Steve Jobs, Bill Gates, Andrew Carnegie, and the Kellogg and Rockefeller families

Other Suggested Titles

Non-Fiction Health Science & Humanities

Kids, Money & Values by Patricia Schiff Estess & Irving Barocas

consumer skills, independent living, careers in finance or marketing, advertising

The Buck Book: All Sorts of Things To Do With a Dollar Bill—Besides Spend It by Anne Akers Johnson Kid Biz: Cool Ways for Kids to Make Money by Scholastic Editors

Non-Fiction Social Studies Progressive Era, stock market crash, Great Depression, American dreams, the Fabulous Fifties

Fast Cash for Kids by Bonnie Drew & Noel Drew Ultimate Kids’ Money Book by Neale S. Godfrey & Randy Verougstraete

how money is made, barter, economic trade teens in business, business planning, start-up ideas, kids and cash

Differentiated Instruction

Featured Novels

Directions: To meet the personal needs of students within a study group, learning materials, individual expectations and student outcomes can be differentiated by content, process or product.

Growing Money: A Complete Investing Guide for Kids by Gail Karlitz Money Sense for Kids by Hollis Page Harman

Kids Discover magazines are a key resource for guided leveled reading and support for reading strategy practice across the content areas.

The Everything Kids’ Money Book: Earn it, save it, and watch it grow! (2nd edition) by Brette McWhorter Sember, J.D. Wow The Dow!: The Complete Guide to Teaching Your Kids How to Invest in the Stock Market by Pat Smith & Lynn Roney Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money—That the Poor and Middle Class Do Not! by Robert Kiyosaki The Stock Market (How Economics Works) by Donna Jo Fuller - 14 -

Titles for this Theme

Lexile ®

Money

850L

How America Works

850L

Thomas Jefferson

890L

Roaring 20s

920L

Marco Polo (trade)

990L

Great Depression

990L

Buried Treasure

1020L

Declaration of Independence

1040L

E3 Theme Cluster: C (3-1)

Writing Across the Curriculum for This Theme Directions: Always preview Internet sites before using with students. Remember, once students are on the Internet, they can go to other sites that you have not assigned. Standard setting and continuous supervision are important.

Narrative Expository Descriptive Persuasive continued

Journals, Diaries, Photo Essays & Scrapbooks

entrepreneurs, philanthropists and business titans, such as Donald Trump, Steve Jobs, Bill Gates, Andrew Carnegie, and the Kellogg and Rockefeller families

Personal Reflections & Goal Setting Write 2-year, 5-year and 10-year SMART goals for personal future.

Newspaper Articles & Public Speaking

Reflect on the meaning of success.

Current Events: What’s in the News?

Reflect on the freedoms and responsibilities of living in a democracy.

The Wall Street Journal online

Photo Essays, Articles & Scrapbook Pages

Entrepreneur Magazine online Inc. Magazine online

Create a collection about business plans, using photos, scrapbook pages and articles.

Perform “How to” or Persuasive Speeches Write a business plan and ―pitch‖ it to venture capitalists, aka ―angels‖.

Folklore, Fables, Fairy Tales, Myths & Legends

Describe how to select stocks or how to build wealth.

Explore the fairy tales collection from around the world. Discuss the themes in: Hans Christian Andersen‘s The Money Box

Functional, Technical, Information & Business Writing

Aesop‘s The Ants and the Grasshopper Search fables by moral, such as waste, greed or excess. Or try themes, such as wealth, success, fame or money.

Research and write a viable business plan. Create time schedules, budgets, project plans, pitches and elevator speeches. Apply appropriate organizational note-taking skills to: lab notebook, design portfolio or writer‘s notebook.

Research & Report on… teens in business: business planning; start-up ideas; kids and cash; how to write a business plan; understanding grants and loans; seed money; for-profit vs. non-profit; sole proprietor, corporation and LLC

Write letters to make requests. Fill out requisitions for needed items. Write checks for Buyer‘s Day and balance the checkbook.

Industrial Revolution: inventions; railroad and other distribution systems; immigration; urban slums, tenements or settlement houses; child labor laws; sweat shops; impact on farmers - 15 -

E3 Thematic Unit: Minding My Business

Suggested Activities, Enrichments & Extensions Directions: This section provides starter ideas that model the integration of several subjects, focusing on teaming and communication skills and allowing students to earn credits toward more than one class at a time. Integrated projects are engaging to students—especially when they get to self-select their topics for deeper study. Groups or individuals can pursue mini-themes within this larger theme.

1. Foreign Trade X

Simulate trading as it takes place between several countries by putting different types of goodies into bags, one bag for each student. Students look inside their bags and either trade or keep their treasure. Initiate the exchange three or four times until all involved are satisfied. Explain that this demonstrates how everyone involved in trade expects to benefit, and the principle that voluntary trade generates wealth. Discuss what would happen if certain students were not allowed to trade. Then examine trade embargos and their impacts.

2. Recession is a Bear! X

Help students understand the terms bull market and bear market by using historical charts, tables, graphs and anecdotal records to study times of inflation and recession. Then invite teams of students to create their own learning games to test understanding. Share in class or during dining hall. As a community, review games using the SmartBoard™.

3. Stock Market Contest How the Market Works is a free stock market contest where students learn to make choices by understanding the ―ins and outs‖ of trading. Individuals or groups can create a personal portfolio, test a strategy and track the results of their simulated investments. Give each team $20,000 in ―funny money‖ and create a program-wide bulletin board to follow the excitement.

4. Design Your Own Dollar X

Discover how the designs on the first dollar bill were selected, and find out more about the history of paper money designs. Examine the changing face of money across time, and how society, politics and culture play a huge role in the artistry and imagery across the eras. Then take a look at these student-generated samples and design your own dollar bill. Create a brochure or fact sheet to describe how each picture, seal, saying or motif was chosen.

5. The $36.00 Soft Drink! X

Ask students how one can of soda could be that expensive, and allow them to speculate. How many could predict that a one dollar soda purchased with a debit card linked to an empty bank account generates an additional $35.00 charge for insufficient funds? Examine how to protect against overdraft fees.

6. The Makings of an Entrepreneur Access students‘ prior knowledge of famous inventors and entrepreneurs such as computer titans Steve Jobs and Bill Gates, hip hop pioneer Russell Simmons or makeup mogul Mary Kay. Then review this list of entrepreneurial traits that describe the motivation, determination and commitment required to start and manage a successful business. Given a list, have teams of students research and report on a business person or corporation with which they are not familiar. - 16 -

E3 Theme Cluster: C (3-1)

7. You Be the Boss X

Have students identify interest areas and abilities using the Holland Hexagon. Help each student generate a list of the top ten business start-ups that might be a good personal fit, given their personalities in the six areas of the Holland Hexagon. RESOURCES: Bureau of Labor and Statistics for K-12 students, Occupational Outlook Handbook

8. Your Net Worth X

Learn about strength-based perspectives and assessment. Discuss character traits that function as assets and character traits that function as liabilities when trying to turn over a new leaf in your life. Review a net worth statement with regard to monetary wealth. Then have students create a character inventory—what they have, and what they need or owe—to assess personal ―net worth of character‖.

9. Fabulous Fifties Examine the prosperous era of the 1950s, ushered in by Dwight D. Eisenhower‘s election, that brought greater employment and higher wages. What led to these high times? Was the prosperity shared by all? Why or why not? RESOURCES: 1950s overview of American culture, Contentious 1950‘s lesson plan, enotes.com economy of the 1950s

10. The Joad Family X

Research and report on the events that ultimately led to the Great Depression. Compare these events to situations in the world today. Why was the novel The Grapes of Wrath so popular? What made the Joad family protagonists to whom readers could relate? RESOURCES: SparkNotes, movie reference, Joad family GOOGLE IMAGE results.

11. Fast Cash Identify jobs available to students today that could help them gain skills and experiences to support a career choice in the future. Read selected articles from popular money magazines such as Fast Company, Inc. and Entrepreneur. Then have students imagine an autobiographical article about themselves, incorporating their personal dreams and goals into a success story.

12. Riding the Money Wave X

Across time, the economic and financial stability of any nation will ebb and flow. Investigate popular metaphors, sayings or idiomatic expressions used to describe this phenomenon such as, ‖riding the waves of an economic downturn.‖ Split into small groups, and generate a list of other economic and finance related expressions. After five or ten minutes, regroup and share.

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E3 Thematic Unit: Minding My Business

Suggested Syllabus: Pacing Guide & Theme Lesson Planning Map Directions: This general guide helps teachers and students put a plan together that will cover all the needed standards and objectives for each individual in the group. The guide is an overview, and more may be added or, at times, a substitution may take place. The syllabus should be used to guide daily, weekly and monthly plans. Teachers and counselors will record detailed lesson plans according to the procedures required at their program. Administrators will collect and file teacher lesson plans bi-weekly and keep themes and lesson plans on file for audits.

Pacing

Content/Purpose

Instructional Method

Theme Launch

2 3 4 5 6 7 8 9 10 11 12

Culminating Activity

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Assessment

E3 Theme Cluster: C (3-1)

Related Internet Sites for This Theme Directions: Always preview Internet sites before using with students. Remember, once students are on the Internet, they can go to other sites that you have not assigned. Standard setting and continuous supervision are important.

Advertising

Starting a Business

Advertising Slogan Hall of Fame

10 Tips for a Strong Start (Entrepreneur)

Guide to Careers in Advertising

How to Start a Business (Inc.)

―Don‘t Buy It!‖ kids as consumers, media tricks

Starting a business (IRS.gov)

The Basic Principles of Persuasive Writing for ads

Small Business Planner U.S. Small Business Administration (SBA)

Persuasive Strategy Definitions WORKSHEET

Budgets

Stock Market Basics What are Stocks, Commodities and Markets?

Budget to Save

How Stock Market Trends Work

60-Second Guide to Budgeting

Stock Basics

Money Smart Teens themed unit (grades 9-12)

New Young Money Stock Market Games Arena

Business—General Better Business Bureau locations by zip code SCORE business advisors

EduStock tutorials, research & simulation

Stock Market Crash Stock Market Crash

Careers Bureau of Labor Statistics careers by subject area

Looking Back at the Crash of ‗29 (New York Times)

Career Voyages

Superheroes/Supersheroes in Business Project

Bureau of Labor Statistics Occupational Outlook Handbook (OOH) online

The Fed

www.abcteach.com

Credit & Debt

Federal Reserve home page How the Fed Works

The Adventures of Interest Ray Take Control of Debt

US Treasury

Economic Ideas—General

US Treasury education links TreasuryDirect.com

Economic Adventure Economics for Kids

Entrepreneurs Entrepreneurs and the Economy—pdf about Ray Kroc, Berry Gordy, Mary Kay and much more Lemonade Stories: Russell Simmons

Free Enterprise

Free Enterprise, the Economy and Monetary Policy Free Enterprise - The Economics of Cooperation

Investment Save and Invest What is Investment?

Marketing How Marketing Plans Work

Money Kids‘ Money Q & A How Money Has Changed H.I.P. pocket change: glossary & 100 fun facts about coins

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E3 Thematic Unit: Minding My Business

PASS Content for Study & Review PASS Study Volumesâ&#x20AC;&#x201D;Basic Review & Student Workbook Pages The Parallel Student Success Supplements (PASS) were developed to support all students in mastery of the required content for high school course credits. Each linked portion of the units listed below opens as a pdf.

American History II

American History I Unit 5: Moving West, Conflict Native Americans 1

Unit 10: Reagan Government Years

Unit 5: Farming, Cattle, Mines 2

Unit 10: Reagan, Bush, Clinton 2

Unit 6: Industrialization of America 1

Unit 11: Clinton Administration 1

Unit 6: Practice 2

Unit 11: Practice 2

World History II

Unit 7: Problems, Unions, Labor, Growth 1 Unit 7: Practice 2

Unit 1: Industrial Revolution Begins 1

Unit 8: Hawaii, Alaska, World Power 1

Unit 1: Industrial Revolutions Closes 2

Unit 8: Practice 2

Unit 2: 19th Century Overview 1

Unit 9: Foreign Policies 1

Unit 3: Japanese Imperialism 1

Unit 9: Practice 2

Unit 3: World Imperialism 2

Unit 10: Progressive Era Reforms 1 Unit 10: Progressives Practice 2

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E3 Theme Cluster: C (3-1)

Discovery Videos for This Theme Directions for Using Discovery Videos: Once you click on the hyperlinked video segment listed below, you will be directed to the Discovery Education home page. You must enter the user name and password that you created during account registration. This will retrieve the linked title video from the education server at your program. If you have not yet registered for an account, you will need to get the pass codes (XXXXXXXX) assigned to your site from your education coordinator.

Middle School Project Management, Time Management & Organization Skills How to Succeed in Middle School (21:00) Practical help in adapting to the demands of middle school: strategies for managing time, meeting teachers' expectations, utilizing school resources and handling a changing social life. Demonstrates the importance of these self-management skills to academic and personal success. Hands-On Study Skills II (FULL VIDEO) (31:00) Long-term projects, note-taking, planning, monthly

calendar, organization. STUDENT HANDOUT: http://streaming.discoveryeducation.com/videos/10949/10949_TG.pdf

Get a Grip! Self-Management Skills (19:00) Increasing responsibilities; becoming overwhelmed; self-

management skills for student use; handouts to provide practice in the newly acquired skills. STUDENT HANDOUT: http://gtm-media.discoveryeducation.com/videos/10936/10936_TG.pdf

How to Prepare a Science Fair Project– Project Management Ideas for Older Students STUDENT HANDOUT: http://streaming.discoveryeducation.com/videos/How%20to%20Prepare%20a%20Science% 20Fair%20Project/46_BM.pdf

Money & Production, Distribution, Consumption Basics Economics: The Production, Distribution, and Consumption of Goods and Services— All about Money (15:00) Money is traced through history from bartering to electronic forms of exchange. Illustrated by humorous skits, the five defining properties of money are shown. The concepts of savings and checking accounts, and credit cards, are presented. (middle grades) STUDENT HANDOUTS: http://streaming.discoveryeducation.com/videos/Money/1101_BM.pdf

What is a Marketplace? Supply and Demand (SEGMENT) Vocabulary & concepts: buyers, sellers or suppliers, cost of production, law of demand, pricing, profits, law of supply, relationships, quantity, shortage, competition, surplus, quality advertising, made more desirable, goods or products, service, employers, employees, wages and salaries Fundamental Economic Concepts—A Framework for Teaching Economics Vocabulary & concepts: scarcity, opportunity, four scales of opportunity cost, four factors of production, divisions of labor, incorporation, supply and demand, capital, private and public stocks, Gross National Product (GNP) and Gross Domestic Product (GDP) fiscal policy, diagram of market economy flows, the stock market, distribution channels STUDENT HANDOUT: http://streaming.discoveryeducation.com/videos/Fundamental%20Economic% 20concepts/1097_BM.pdf

Microeconomics—Flows in a Market Economy (SEGMENT) (21:45) Vocabulary & concepts: market share, market demand, market economy, free-market economy, third-party consequences, surplus, shortage, three market economy signals, reasons for failure, government interventions, goods like army or navy protection not provided in the marketplace STUDENT HANDOUTS: http://streaming.discoveryeducation.com/videos/Microeconomic% 20Concepts/1098_BM.pdf

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E3 Thematic Unit: Minding My Business

Discovery Videos (continued) Koppel on Discovery: The People's Republic of Capitalism—Cheap Labor Driving Global Economy ―The Wal-Mart Factor‖ examines the complex issues of globalization, consumerism, world economics and US culture to understand how the changing global marketplace requires a greater appreciation of US/ Chinese relations. Small Business Diaries: Up and Running (25:00) Campus Corner Café is an upscale coffee shop and a dream come true for Aaron and Sylvia, the two young entrepreneurs who developed it as their very own! Learn the basics of starting and operating a successful business, real-life scenarios, commentary from leading legal experts. Note: There are other Small Business Diaries series videos in the Discovery collection.

Careers for the Twenty-First Century: Financial Occupations (52:00) Job shadows different occupations in the career of finances: financial managers, marketing research analysts, accountants and auditors, financial planners, cost estimators, budget analysts, loan officers, bookkeepers and audit clerks.

Historic Events Discovering History: 20th-Century Biographies: Prominent Americans (30:00) The lives and legacies of the most prominent US entrepreneurs, labor leaders and politicians of the 20th century. Covers Henry Ford, John D. Rockefeller, John L. Lewis, William Jennings Bryan, Adlai Stevenson. Boom or Bust: Mining and the Opening of the American West (22:19) The lure of free farmland drew homesteaders West to gain wealth from mining gold in California, Colorado, Arizona, South Dakota and Montana. The wealth, generated by supporting these miners with tools and food instead of the gold itself making people rich, propelled the economics of these early frontier communities. Stock Market and Free Enterprise (SEGMENT) (8:00) Public stocks are traded on a stock exchange. A stock market may be the epitome of the free market. TEACHER GUIDE (full series): http://streaming.discoveryeducation.com/videos/Fundamental%20Economic% 20concepts/1097_BM.pdf

The Great Depression ―Crash‖ (30:00) Vocabulary & concepts: bust times, ―Black Tuesday‖ stock market collapse, FDR and the New Deal, federal programs to revive the economy, jobless, homeless. HANDOUT: http://streaming.discoveryeducation.com/videos/12221/The%20great%20Depression%20blacklines.pdf

America‘s Economy: Sorrows and Hopes Explores the causes and effects of the Great Depression. Travel alongside the Joads during the Dust Bowl. Also profiles homeless US citizens weathering economic hard times.

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E3 Theme Cluster: C (3-1)

FOR YOUR NOTES

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E3 Thematic Unit: Minding My Business

FOR YOUR NOTES

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E3 Theme Cluster: C (3-1)

FOR YOUR NOTES

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A PRODUCT OF ECKERD YOUTH ALTERNATIVES, INC.

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