Financial literacy institute july 2013 day 1
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Financial Literacy Institute July 2013: Day 1. Melissa Groves [email protected] Debbie Batchelor [email protected] Our mission is to insure that Maryland's school children leave high school equipped with the economic, financial literacy and decision-making content and skills they

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Financial Literacy Institute July 2013: Day 1

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Financial literacy institute july 2013 day 1

Financial Literacy Institute July 2013: Day 1

Melissa Groves

[email protected]

Debbie Batchelor

[email protected]


Financial literacy institute july 2013 day 1

Our mission is to insure that Maryland's

school children leave high school equipped

with the economic, financial literacy and

decision-making content and skills they

need to make informed, rational decisions

as consumers, workers, citizens, savers,

investors and participants in the global

economy.


How does mcee accomplish its mission

How Does MCEE Accomplish Its Mission?

Maintaining the MCEE website at www.econed.org

Sponsoring signature programs

Stock Market Game™

The Poster Contest

Assisting with curriculum writing

Providing Professional Development for educators


Financial literacy institute july 2013 day 1

Grades1 MSDE CPD( plus 1 AU for Baltimore City Teachers)

Active participation 25%

In-Class Quizzes (2) 20%

Online Rdgs/Assessments 25%

Post-Test 20%

Behavioral Survey 10%


Financial literacy institute july 2013 day 1

Grades2 MSDE CPD( plus 1 AU for Baltimore City Teachers)

Active participation15%

In-Class Quizzes (2)20%

Online Rdgs/Assessments20%

Post-Test20%

Behavioral Survey 10%

Original Lesson; Field Test; Summary 15%


Grading notes

Grading Notes

Original Lesson Plan (Due on/before 5:00 p.m. Oct. 25,2013)

Based on a literary or informational text

Aligned to one or more of Maryland’s Financial Literacy Standards ANDReading and/or Mathematics Common Core

Using same format as MCEE lessons distributed throughout the Institute

Field Test/Written Summary (Due on/before 5:00 p.m. Oct. 25, 2013)

Teach your original lesson (as outlined above) to your students

Submit a written summary that includes: student’s response to the lesson, what did/did not work, changes you would make in the future based on the success/failure of the field test


Grading notes cont

Grading Notes, cont

Behavioral Survey

Pre-Survey: Completed on Day 1 of the course

Post-Survey: Completed in November

You will receive notification relative to the method of taking the test, i.e. ScanTron, Survey Monkey, Online testing site, etc….

Results will remain anonymous

No credits issued until the Behavioral Survey is returned in November


Financial literacy institute july 2013 day 1

Objectives

  • During this presentation, we will…

  • explore the Maryland State Curriculum

  • for Personal Financial Literacy

  • Education

  • review key financial literacy

  • concepts for Grades K-5

  • link lessons to concepts and

  • standards…including the Common Core


How the institute works the ying and yang of it

How the Institute Works: The Ying and Yang of It

Debbie

Pedagogy

Melissa

Content


Financial literacy institute july 2013 day 1

Financial Literacy

A variety of materials to help you


Financial literacy institute july 2013 day 1

Why Financial Literacy?

  • Develops financial literacy skills that will enable students to make sound choices as consumers

  • Helps to establish good habits and responsible attitudes from at an early age


What personal finance is about

What Personal Finance is About

Your source for understanding aspects of Financial Literacy


The maryland state curriculum for personal financial literacy education

The Maryland State Curriculum for Personal Financial Literacy Education

Defines what students should know and be able to do at various points in time

Specific grade-level curriculum to be developed by the individual LEAs

3. Implemented: September 2011


The standards

The Standards

Making informed responsible decisions

Relate careers, education, and income

Plan and Manage Money

Managing credit and debt

Creating and building wealth

Managing risks and preserving wealth


Standard 1 make informed financially responsible decisions

Standard 1Make Informed, Financially Responsible Decisions

Making financial choices (includes resources,

decision-making process, opportunity cost)

Explaining philanthropy

Identifying goals

Markets


Productive resources

Productive Resources

NATURAL HUMANCAPITAL

(Think “Product”)


Human resources

Human Resources

Workers; The health, strength, talents, education and skills that humans can use to produce goods and services.


Natural resources

Natural Resources

Gifts of nature that can be used to produce goods and services


Capital resources

Capital Resources

Tools; the goods that are manufactured or constructed by people and used to produce other goods and services.


Financial literacy institute july 2013 day 1

Decision-Making Process"It's awfully awfully awful when you can't make up your mind!" Hunches in Bunches by Dr. Seuss


Another option

Another Option


And yet another

And Yet Another


Opportunity cost

Opportunity Cost

The next best choice!


For decision making opportunity cost check out

For Decision-Making & Opportunity Cost Check Out…

Lesson 4

Lesson 5


Philanthropy

Philanthropy

A personal interest in helping others, especially through gifts to charity

Lesson 15


Goods

Goods

Things that people make or grow

that satisfy economic wants; things

desired by consumers and supplied

by producers.


Services

Services

Community jobs; Actions (jobs)

that people do for each other


Goods services

Goods & Services

Lesson 2

Lesson 1


Market where buyers and sellers exchange resources goods and services

MarketWhere buyers and sellers exchange resources, goods, and services.


Mama panya s pancakes a village tale from kenya

Mama Panya’s Pancakes:A Village Tale from Kenya

Market

Goods

Services


Standard 2 highlights relate careers education and income

Standard 2 HighlightsRelate Careers, Education, and Income

Impact of education, interest & skills on

income (What Personal Finance is About pgs.6-8)

Potential sources of income

How income affects spending

Lesson 1


Isabel s car wash

Isabel’s Car Wash

Relationships among education, skills, economic conditions, and income

Sources of income

Goods

Investing


Next face to face session

Next Face-to-Face Session

Group A

August 6, 2013

8:30 a.m. – 4:30 p.m.

Room 310

Group B

August 7, 2013

8:30 a.m. – 4:30 p.m.

Room 310


Melissa s website

Melissa’s Website

http://pages.towson.edu/mgroves/FinLitInstitute.html


Info for online session

Info for Online Session

Go to: https://university.educatedinvestor.com/university/login.xml?for=MDFLI

(Will email you the link to cut/paste onto

your browser.)

Username: Your email address

Password: finlit


Online session continued

Online Session continued…

Must complete the following modules:

Getting Started with Saving and Investing

Basics of Personal Finance

Basics of Investing

Working with Financial Advisors

Due: August 5, 2013 by 5:00 p.m.

Extra Credit:

Complete: Investment Risks module

Submit: a one page summary with a recommendation about whether it should be added to the Institute and why


And now

And now…

Please complete …

today’s evaluation sheet.

the quiz.


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