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Achievement Programs |
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JA
Economics For Success®
JA
Economics for Success explores personal finance
and students education and career options
based on their skills, interests, and values.
It also demonstrates the economic benefits of
staying in school. Six required, volunteer-led
activities.
The
key learning objectives listed beside each activity
state the skills and knowledge students will
gain.
| SESSIONS |
KEY
LEARNING OBJECTIVES |
Activity
One: Mirror, Mirror
Students make choices to understand the concept
of self-knowledgetheir skills, interests,
and valuesand the structure of the world
of work as they consider education, career,
and other life choices. |
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explain self-knowledge, including personal
skills, interest, and values.
- identify
careers of interest and how they are classified
within the world of work.
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Activity
Two: Choose Your Success
Students play the Choose Your Success game,
in which the connection between personal
finance, education, and career options is
demonstrated.
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identify the link between personal finance,
education, and career options.
- apply
decision-making to education and career
decisions.
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Activity Three: Keeping Your Balance
Students
receive Occupation Cards and observe how
different jobs provide different monthly
salaries. Based on these monthly salaries,
students evaluate the opportunity costs
of decisions as they form a budget. Based
on their decisions, students compare their
spending to suggested amounts.
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recognize that a balanced budget is important
for workers of all income levels.
- differentiate
between gross and net income.
- name
ways to balance a budget.
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Four: Savvy Shopper
Students
examine how consumers pay for goods and
services. They discuss the advantages and
disadvantages of using cash and credit,
and participate in an activity that reinforces
their understanding of the cost of credit.
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- identify the opportunity costs associated
with using cash and credit.
- explain the advantages and disadvantages
of using credit.
- identify appropriate situations to use
cash and credit.
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| Activity
Five: Keeping Score
Students
examine how a credit score is determined,
and learn about the positive and negative
consequences of a credit report.
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- Describe the favorable or unfavorable
outcomes of a personal credit score.
- Explain actions that cause a credit
score to go up or down.
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Six: What's the Risk
Students
demonstrate that life involves risks and
that insurance helps reduce the financial
consequences of loss or injury.
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identify financial risk
- explain
how insurance provides a method to minimize
risk.
- identify
the opportunity cost of having insurance.
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CONCEPTS
Credit, Debt, Decision-making, Gross income, Insurance,
Interest, Needs and wants, Net income, Opportunity cost,
Risk, Self-knowledge, World of work |
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SKILLS
Critical thinking, Decision-making, Following directions,
Interpreting data, Math calculations, Oral and written
communication, Problem-solving, Role-playing, Self-assessment,
Working in groups |
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