Hoover City Schools Secondary Curriculum Document Career Technical Education,

Transcription

1 Hoover City Schools Secondary Curriculum Document Career Technical Education, Links to Document Content: Basic Course Information Instructional Sequence Instructional Units / Learning Outcomes Alabama COS Correlation Additional Notes / Resources Basic Course Information: Course Title: Grade Level: Course Description: This class is designed to help the student develop the knowledge and skills to make informed, responsible decisions that could affect their financial future State COS Correlate: Personal Finance (1/2 credit option) Calendar Type: Semester Pre-requisite: Business Technology Applications Co-requisite: None LEA Curriculum Authors: S. Sikora Instructional Content Sequence: Unit # Unit Titles 1 st nine-weeks COS Standards 1 Career Exploration,20 2 Paycheck, Benefits, and Income Taxes, Resource Management 1,,,7,1,1,1,17,1 Risk Management 1 Unit # Unit Titles 2 nd nine-weeks COS Standards Banking,11, Page 1 of

2 Unit # Unit Titles 2 nd nine-weeks COS Standards Credit Management 2,10,1 7 Budgeting 1,7, Financial Security 7,,11,12,1 Consumer Rights & Responsibilities Instructional Units / Learning Outcomes: Unit 1- Career Exploration Guiding Question: How will my choice of career affect my future financial planning? Video-Top 10 Dream Jobs; NEFE Workbook; BLS website; TimeMAPS software 1 Identify earning potential of various careers 2 Identify sources of career information Unit 2- Paycheck, Benefits, and Income Taxes Guiding Question: What are those deductions listed on my paycheck? Federal Income Tax Forms; NEFE Workbook; TimeMAPS software 1 Compute gross pay Mastery 2 Determine payroll deductions and net pay Explain the value of employee benefits Explain several flexible job arrangements Describe the role of unions and professional organizations in the workplace State the purpose of taxes and list the different types of taxes in the U.S. 7 Identify tax vocabulary Page 2 of

3 Compare/contrast progressive and regressive taxes Conclude the difference between tax Forms 100EZ and 100A 10 Prepare tax Form 100EZ Mastery Tax Form 100EZ Unit - Resource Management Guiding Question: How can I get the most for my money when making purchases? TimeMAPS software; Project (Buying a Car) 1 Utilize the decision-making process to solve consumer spending decisions Mastery 2 Identify the opportunity cost of various decisions Differentiate between economic needs and wants that influence consumer decision Mastery making List and describe factors that influence spending decisions Recognize marketing strategies that influence spending decisions Describe several housing rental alternatives Mastery 7 List potential living arrangements and moving choices Compare/contrast the advantages and disadvantages of renting Mastery Describe the elements of a rental application, inventory, and lease 10 Explain landlord and tenant responsibilities Mastery 11 Recall the advantages of home ownership 12 Describe the costs and responsibilities of home ownership 1 List the steps in the home-buying process 1 Recall how to obtain financing and the closing process Page of

4 1 Describe the process of buying a car Mastery 1 Research the various expenses of buying and owning a vehicle Project (Buying a Car) Unit - Risk Management Guiding Question: How can I prepare for life s ups and downs? TimeMAPS software, Speaker (Insurance Agent) 1 Explain the concept of insurance 2 Define insurance terminology and types of risks Discuss the risk management process Explain how to create a risk management plan Discuss ways to reduce the costs of insurance Explain the purpose of renters and homeowners insurance 7 Describe fire, theft, and other forms of property insurance policies Identify the common types of automobile insurance coverage Explain the concept of liability insurance and an umbrella policy 10 Discuss how to evaluate insurance agents and companies 11 Describe how to file a claim for a loss 12 Describe group and individual health insurance plans 1 Explain common types of health insurance coverage and plans, and Medicare and Medicaid 1 Describe different types of disability and life insurance plans Page of

5 Unit - Banking Guiding Question: How can I keep from over drafting my checking account? TimeMAPS software, Field trip to local bank 1 Describe the purpose of a checking account 2 Prepare various banking forms Mastery Discuss different types of checking or savings accounts Explain various banking services and identify those which banks commonly charge fees Checks, Register, Reconciliation Unit - Credit Management Guiding Question: How can I use credit to my advantage? TimeMaps software, NEFE Workbook, Online financial calculators 1 Describe how credit developed in America 2 Define basic credit vocabulary Compare/contrast the advantages and disadvantages of using credit List and describe the kinds of credit available Describe and compare sources of credit Explain the importance and purpose of credit records 7 Describe the C s of credit Explain how to get started using credit Describe credit ratings and a point system for determining creditworthiness 10 Explain the protections provided by the major credit laws 11 Describe the responsibilities of consumer credit 12 Identify ways to protect your credit card from Page of

6 fraud 1 Determine how you can reduce or avoid credit costs 1 List why credit costs vary 1 Compute and explain simple interest and APR 1 Compare methods of computing finance charges on revolving credit 17 Identify methods for solving credit problems Unit 7- Budgeting Guiding Question: Why do I need to prepare and live by a budget? TimeMAPS Software, Project (Personal Budget) 1 Describe and prepare personal budgets Project (Personal Budge) 2 Explain the purpose of record keeping Prepare a net worth statement and a personal property inventory Explain the elements of legal contracts and your responsibilities regarding contracts Discuss ways to set up a filing system for personal records Unit - Financial Security Guiding Question: What are my options for saving for today and saving for tomorrow? TimeMAPS Software, videos, Speaker (Financial Planner) 1 Describe different purposes of saving 2 Calculate compound and simple interest Page of

7 List and describe the financial institutions where you can save Explain the features and purposed of different savings options List some factors that influence the selection of a saving plan Outline the stages of investing and relationship between risk and return 7 Explain investment strategies and options List and describe sources of financial information to make investment decisions Compare and contrast investment options, rated by risk 10 Describe a person s or family s needs at retirement 11 List the features of wills, powers of attorney, trusts, and joint ownership 12 Discuss inheritance, estate, and gift taxes 1 Describe the features of retirement options Unit - Consumer Rights & Responsibilities Guiding Question: What are my rights and responsibilities as a consumer? TimeMAPS software 1 Recommend ways to be a responsible consumer 2 Describe your rights as set forth in the Consumer Bill of Rights Describe the protections provided by major federal consumer protection laws Identify nationals sources of consumer information and assistance List and describe state and local agencies and private consumer assistance Explain the legal procedures from complaint Page 7 of

8 to judgment 7 List remedies available to consumers other than individual lawsuits Explain alternative dispute resolution (ADR) options Alabama Course of Study Correlation: Career Technical Education COS Title Personal Finance (1/2 credit option) Bulletin 200 # COS Standards HCS Unit- Objective 1 Compare factors that impact consumer purchasing decisions throughout the life span..,.,7.1 2 Describe state and federal consumer protection laws for individuals and families, including identity protection and credit laws..10 Determine procedures for resolving consumer problems and complaints..,.,.,.7,. Explain the importance of taking responsibility for personal financial decisions..2,... Determine factors that affect money management, including career choice, education, skills, and economic conditions. 1.1,.2 Identifying opportunity costs of financial decisions Explain how taxes, government transfer payments, and employee 2.,2.,2.7 benefits relate to disposable income. 2.1,2.2 Comparing net and gross income 7 Determine practices that allow individuals and families to maintain.,7.1,7.2, financial security..,.,.7 Compare money-management tools and services available from financial institutions..,.,. Demonstrate procedures for completing and filing income tax forms, including utilizing software in income tax preparation. 2.7,2.,2.10 Explaining terms used in personal tax forms Explain factors that affect creditworthiness Assessing credit options available to individuals and families Identifying ways to avoid or correct credit problems Analyzing dangers incurred by young adults with credit cards Determining sources, types, and risks of loans for individuals or families Describing the steps in obtaining a credit report Compare benefits of saving and investing for individuals or families, including factors that affect the rate of return on investments, sources of Page of.,.,.,.,.,.11,.12,.17.,.2,.7,.,.

9 COS Title Personal Finance (1/2 credit option) Bulletin 200 # COS Standards investment information, characteristics of savings and investment options, and stages of investing. Calculating annual interest and annual yield Distinguish between retirement and estate planning options available to individuals and families. Compare types, lengths, and costs of care, life, health, disability, homeowner, and renter insurance, including disability, waiting period, and disability benefits. Exploring the impact of uninsured and underinsured motorists Explaining the difference between independent insurance agencies and franchised agencies Critique the impact of advertising and sales propaganda on individual and family spending decisions. Analyze shopping skills in relation to individual and family resource management across the life span. Comparing technologically advanced products and services Determine strategies for acquiring the most economical product or service. Determine factors that affect the cost of goods and services, including sales tax, tips, coupons, discounts, and unit pricing. Prioritize steps involved in making consumer purchases, including transportation and housing. Calculating cost and finance charges Defining terminology associated with consumer purchases Predicting required maintenance of transportation and housing HCS Unit- Objective.10,.11,.12,.1.,.7,.,.,.10...,..,..1,.,.1,.1 1 Determine the impact of technology on personal financial management.. 20 Explain career options and entrepreneurial opportunities related to the management of personal financial resources. 1.1,1.2 Page of