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2.4 Financial and economic literacy - Entrepreneurship Foundations
2. Instructor
Manual (Learning
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Path):
3. Resource
(materials) for educators and business trainers:
4. Resources for
participants: 5. External/Additi onal material:
- duration max. 90 minutes 1) Saving money - How do banks operate? - What are bank rates? - What are certificates of deposits? - How does a credit score work? 2) Investing money - Stock market - When to adjust assets? - Value of a stock - What is a brokerage account? - Mutual funds - ETFs - Bonds - What is diversification of your portfolio? 3) Insurance - Basics - Life insurance - Property insurance - Health insurance 4) Retirement - Four principles for retirement - Rules of thumb - Tax-deferred investments Individual retirement account (IRA) vs. Simplified employee pension (SEP)
Could be designed to be a workshop or a “lecture-style” unit Most importantly would be a checklist and all the material.
2.4 Financial and economic literacy -
Entrepreneurship Foundations
1. Module Overview Entrepreneurship Foundations --> Link to LinkedIn
a. Main compete nce: b. Additiona l compete nce(s) Financial and economic literacy
Self-Awareness and Self Efficacy
covered by the module: c. Learning
Outcome s:
- Budget & Funding: draw up a budget for valuecreating activity, judge cashflow needs, explain income sources (by distinguishing between different methods of financing a startup business as an entrepreneur, exploring ways to raise awareness of your personal brand, differentiating between the types of advisers available to an entrepreneur) - Explain simple economic concept (benefits of engaging with early adopters, issues in starting a new business as an entrepreneur, distinguish between different methods of financing a startup business as an entrepreneur) d. Target Group: Suitable for educators e. Proficien cy level: basic f. Workload (virtual
ECTS): 90 min. (no ECTS)
g. Assessm ent: Assessment could be an online quiz at the end of the course (see LinkedIn Learning)
h. Format: - Online, no maximum participants - Several short videos 7 min. max. per video
2. Instructor
Manual (Learning
Path):
This is your basic entrepreneurship and business foundations 101. Participants should learn: 1. Why are they starting a new business:
