Marble Hill School Economics Class
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Course Content
Unit 1: Fundamental Econ Concepts
Unit 2: Markets, Supply, Demand
Unit 3: Gov & Econ
Unit 4: Int'l Econ
Unit 5: Personal Finance
Projects
Personal Budget
Econ Cafe (2013-2019)
Minimum Wage Debate (2014)
Resources
Contact
UNIT 5: personal finance
Vocabulary:
budget, income, gross income, net income, wages, credit, interest, APR
Topics:
1. Income/Salary/Wages
Understanding a Paycheck
2. Spending
Analyzing Spending Patterns
3. Credit
a)
It Costs What? Activity
b) What is Credit? / DIfferent Types of Credit / Should you Use Credit?
Auto Loans:
Auto Loan Calculator
Home Loans (mortgages)
Student Loans
www.projectonstudentdebt.org
Student Loan Repayment Calculator
Personal Loans
Credit Cards
c) Selecting a Credit Card
NerdWallet Compare Student Credit Cards
U.S. News Best Student Credit Cards of 2020
WalletHub Best Credit Cards for Students 2020
d) Understanding a Credit Card Statement
Understand your Credit Card Statement (resource from mycreditunion.gov)
How to Understand your Credit Card Billing Statement
Credit Card Payment Calculator
4. Saving/Investing
a) Who has more money at the end? (Benefits of Compound Interest)
Compound Interest (from Investopedia)
b) Different Types of Accounts
Checking, Savings, Money Market
c) Find a bank
Forbes Best Banks for College Students
Nerd Wallet Best Checking Accounts for College Students
Student Checking Accounts at the Top 10 Banks (My Bank Tracker)
d) Pre-Paid Cards
Information about Pre-Paid Cards
Best Pre-Paid Cards
e) Investing
Tips for College Students interested in Investing
5. Budgeting
P
lay Spent (a game that challenges you to live on the minimum wage)
College Student Budget (tool from AICPA)
You Need a Budget (personal budget program that helps you keep control over your money)
Feed the Pig (resources for managing your money published by the AICPA)
Money-Saving Tips for College Students
Other Useful Resources:
Bankrate
(a source for financial rates and personal finance information)
Investopedia
(a financial education website operated by NASDAQ)
NerdWallet (a financial education website)
Marketwatch
MissBeHelpful
(YouTube channel)
PBS Two Cents
Is there such thing as an unlimited money?
Read this to explore this question:
American Express Black Card
Article about pre-paid cards being used instead of paychecks:
Paid Via Cards, Workers Feel Sting of Fees
"Five Plastics" - debit cards, gift cards, pre-paid cards, credit cards, store credit cards