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Finance Park Correlation

By Roberto Watson,2014-08-07 12:01
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Finance Park Correlation

    A Correlation Between the

    Massachusetts Curriculum Framework

    And

    JA Finance Park?

     November 2006

     JA Worldwide?

     One Education Way

     Colorado Springs, CO 80906

    Overview

    JA Finance Park is a six-week economics education program for middle grades social studies students. JA Finance Park provides a hands-on, follow-up experience to the economics concepts introduced in elementary grades. In addition to carry-over concepts, students are introduced to concepts concerning personal finances and career exploration.

    The culmination of the program is a visit to the Finance Park site. There, students compute their net monthly income to create a realistic budget. The site’s simulation area is divided into

    separate areas dealing with various aspects of personal financial responsibility. At each area, students gather information as consumers, determine what expenditure options they can afford, and pay their bills.

    These on-site activities allow students to apply the personal finance and economics concepts and skills learned in the classroom. More importantly, the experience leaves students with a deeper understanding of personal economic issues from which they can draw the rest of their lives.

The JA Finance Park curriculum includes numerous lessons to help teachers and students

    achieve the eighth-grade English language arts, social science and mathematics standards. The following correlation listing is not meant to be exhaustive nor is it intended to infer that a resource will completely address any given standard; it is designed to show how the curriculum will enhance or complement efforts to do so.

    JA Finance Park

    English Description Objectives, Skills, Concepts Mathematics Social Science Language Arts

Objectives: The students will: 1.3, 4 8.N.1, 8, 9, 10, Grade 8 Unit One Financial

    3.12 11, 12 Concepts & Institutions: ; identify services provided by Students recognize the 4.20 Skills financial institutions and role of financial 5.21 8.P.1, 5, 7 1, 4, 5, 6, 9, 14, understand when and how they institutions and the 8.25, 27 15, 17, 25, 26 are used various services they 22.8 8.M.1 ; explain debit cards and their provide. Students learn uses some advantages and 8.D.2 ; define interest and credit disadvantages of saving, ; understand the cost of credit investing, and using ; explain the advantages and credit. disadvantages of using credit

    ; list the risks and benefits

    involved in saving and

    investing

    ; identify the impact interest

    rates have on investment value

Skills: active listening,

    brainstorming, comparing, critical thinking, decision-making,

    following directions, math computation, reading, teamwork,

    writing

Concepts: benefit, credit,

    investment, opportunity cost, risk

Objectives: The students will: 1.3, 4 8.N.1, 8, 9, 10, Grade 8 Unit Two Taxes and

    My Salary: Students 4.20 11, 12 Concepts & ; define taxes and explain their discuss the similarities 5.21 Skills purpose and differences among 8.25, 27 8.M.1 1, 4, 7, 14, 25, ; distinguish the difference sales, income and property 26 among sales, income and taxes; study the benefits 8.D.2 property taxes, and the purpose and limitations of Social U.S. History I of each Security; and determine USI.11, 15, 16 ; identify how taxes affect net monthly income everyone (NMI). ; identify the basic principles of

    Social Security

    ; determine net monthly income

Skills: active listening,

    brainstorming, charting, comparing, math computation, reading, teamwork, writing

    Concepts: government, income, taxation

     2

    English Description Objectives, Skills, Concepts Mathematics Social Science Language Arts

Objectives: The students will: 1.3, 4 8.N.1, 8, 9, 10, Grade 8 Unit Three Budgeting:

    Students learn the 3.12 11, 12 Concepts & ; explain who uses a importance of creating 4.20 Skills budget, and why and maintaining a 5.21 8.M.1 1, 4, 6, 9, 14, 17 ; identify the components personal bud-get. Students 8.25, 27 of a successful budget create their own personal 22.8 8.D.2 ; evaluate the effectiveness budgets and evaluate of sample budgets others through case study ; develop spending plans analysis. ; practice budget decision-

    making

    Skills: active listening, comparing, decision-making, math computation, reading, teamwork

Concepts: budgeting,

    expense/income, needs/wants, savings, taxation

Objectives: The students will: 1.3, 4 8.N.1, 3, 8, 9, Grade 8 Unit Four Pre-paring

    3.11, 12 10, 11, 12 Concepts & for JA Finance Park: ; create a personal budget Students prepare for their 4.20 Skills ; calculate net monthly visit to JA Finance Park 5.21 8.M.1 1, 4, 5, 6, 9, 14, income (NMI) by defining their schedule, 8.25, 27 15, 17, 18, 19, ; conduct pricing research conducting pricing re-8.D.2 20 ; assess investments search, assess-ing ; understand job roles investment, and practicing budgeting skills. Skills: active listening, comparing, interpersonal skills, math computation, reading, role-play,

    teamwork, verbal communication

Concepts: budgeting,

    expense/income, needs/wants,

    taxation

     3

    English Description Objectives, Skills, Concepts Mathematics Social Science Language Arts

Objectives: The students will: 1.3, 4 8.N.1, 8, 9, 10, Grade 8 Unit Five The Visit:

    Students spend one day at 3.11 11, 12 Concepts & ; create a typical family JA Finance Park where 4.20 Skills budget using hypothetical they apply classroom 5.21 8.M.1 1, 4, 5, 6, 9, 14, life situations learning by making 8.25, 27 15, 17, 20 ; use percentages to import-ant spending 8.D.2 calculate minimum and decisions while maximum spending maintaining a balanced allowances budget. ; evaluate stock holdings

    ; practice customer service

    skills

    Skills: active listening, critical thinking, interpersonal

    communication, math computation, teamwork

Concepts: budgeting,

    expense/income, needs/wants,

    taxation

Objectives: The students will: 1.3, 4 Grade 8 Unit Six After the

    2.4 Concepts & Visit: ; demonstrate integration of Students participate in a 4.20 Skills classroom instruction to reflective assessment of 5.21 1, 9, 14 the hands-on simulation their accom-plishments 8.25, 27 ; reflect on their visit during their visit to JA 22.8 Finance Park. Skills: active listening, critical thinking, self-reflection

     4

    English Description Objectives, Skills, Concepts Mathematics Social Science Language Arts

     Unit Seven Career

    Objectives: The students will: 1.3, 4 8.D.2 Grade 8 Goals:

    Students match their 3.12 Concepts & ; differentiate among suitability to various 4.20 Skills abilities, interests, work occupations through 5.21 1, 4, 6, 14, 20 preferences and values evalua-tion of abilities, 8.25, 27 ; identify their personal aptitudes, interests, work 22.8 characteristics preferences and values; ; rate their abilities, they research those interests, and work occupations to which they preferences are best suited. ; identify their career interests

    ; perform career choice

    research

    ; write a letter of

    application to a

    prospective employer

    Skills: active listening, critical thinking, self-assessment, research writing

Concepts: career, values

     5

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