Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

Tuesday, September 2, 2014

What Gives a Dollar Its Value? - Lessons on Currency

What Gives a Dollar Bill Its Value? is a nice TED-Ed lesson on the influence of the United States Federal Reserve banks on the value of currency. The lesson includes a short piece about the correlation between inflation and the overall health of the U.S. economy. The lesson is probably best suited to high school students who already have a basic understanding of how the value of currency is determined.

What Is Money? from The Atlantic's series on economics is a good complementary video to What Gives a Dollar Bill Its Value? What Is Money? uses the fun scenario of trying to deposit a banana into a bank to explain the basic purpose and function of money. The video is embedded below.

Wednesday, February 12, 2014

Videos - What Is Money? What Is Inflation?

As I've mentioned many times over the years, economics is one of my favorite subjects to teach. Some of my first lessons when introducing economics to students deal with the questions of "what is money? and "what determines its value?" The following short videos provide a nice introduction to the questions of "what is money?" and "what is inflation?" These videos won't replace my lessons, but they will be good supplementary material to share with students.

The following explanation of inflation is direct and to the point, but it does include a promotion for an investment website at the end.

Wednesday, March 9, 2011

National Financial Capability Challenge

Image Credit: Hammer51012
The National Financial Capability Challenge is an online test for high school students to test their knowledge of personal finance terms and concepts. The test was developed by the President's Advisory Council  on Financial Literacy. The challenge is open to students in the United States ages 13-19. The test is online now through April 8, 2011. To help students prepare to take the test the NFCC has published an educator toolkit that links out to thirty different lessons and activities designed to help students gain knowledge of personal finance.

The Charles Schwab Foundation is giving out twenty $1,000 scholarships to students in the top ten percent of students taking the test nationwide. Additionally, the Charles Schwab Foundation will give five $1,000 scholarships to students who score in the top ten percent and attend school in low-income areas. The Schwab Foundation will also give matching grants to the schools of the students who receive scholarships. Read more about the scholarships and grants here.

Applications for Education
Whether they're going into the workforce, into the military, or going to college after high school, financial literacy is something that all students should have. The lessons and activities included in the NFCC educator toolkit could help you make sure that your students have that financial literacy. In addition to the NFCC resources, I highly recommend the Financial Basics series of videos produced by Common Craft.

Tuesday, January 26, 2010

The Decade Ahead In Jobs

NPR has an interesting infographic predicting the growth and decline of various industries in the United States over the next decade. The Decade Ahead In Jobs uses 2008 statistics as the baseline for measuring growth or decline. One of the statistics of note from infographic is that, with the exception of pharmaceuticals, the manufacturing sector is expected to decline. Another interesting statistic is that the education sector is predicted to grow by 12%.

Applications for Education
The Decade Ahead In Jobs struck me as having a couple of applications for educators. First, on a theoretical level the predictions of this infographic and others like it should influence how we're preparing students for life after school. Second, The Decade Ahead In Jobs should be shared with students as a representation of the need for further education provides greater flexibility to adjust to future changes in workforce demands.

Thursday, October 8, 2009

Interactive Timeline of the 08/09 Financial Crisis

Reuters has created an interactive timeline of the 2008/2009 financial crisis. The timeline begins in September 2008 and runs through today. Each element on the timeline links to a news article, image, or video about the financial crisis. You can browse the timeline as-is or narrow your viewing by selecting one of five topics; Living, Money, Reckoning, Rescue, or Work. Before exploring the timeline, I recommend viewing the introductory video.

Thanks to Jeffrey Hill for the link.

Applications for Education
The Reuters interactive timeline of the 2008/2009 financial crisis makes a nice companion to Say It Visually's video, Understanding the Financial Crisis.

Here are some related items that may be of interest to you:
The History of Credit Cards in the United States
Saving Money in Plain English and Other Economics Lessons
From Common Craft - Stock Markets in Plain English

Tuesday, March 17, 2009

Investing in Plain English

A couple of my classes are currently participating in a large mock-economy exercise designed to simulate the economic climate of the 1880's through early 1900's in the United States. We have a "Rockefeller," a "Carnegie," and a "JP Morgan" character is starting to emerge. Prior to starting the activity, I showed a couple of Common Craft videos to the classes as reinforcement for the banking concepts that we have discussed. The class watched Borrowing Money in Plain English and Investing in Plain English. I have embedded Investing in Plain English below. If anyone is interested in a digital copy of directions and handouts for the mock economy exercise, send me an email at richardbyrne (at) and I'll send it to you.

Applications for Education
Common Craft has three videos that could be used in a business class, economics class, or in any setting that requires students to have an understanding of banking practices. Here are direct links to each of the three videos: Investing in Plain English, Borrowing in Plain English, Saving in Plain English.

Here are a couple of related resources that may be of interest to you:
The Crisis of Credit Visualized
Understanding the Financial Crisis - Say It Visually

Tuesday, February 24, 2009

The Crisis of Credit Visualized

Developing an understanding of banking, particularly lending practices, can be difficult for many students. Fortunately, there are some great Internet resources to help students learn about banking including two videos that I recently learned about through TEA (The English Adventure).

The Crisis of Credit Visualized is a two part video series explaining how lending practices and mortgages in particular contributed to the cause of our current economic situation.

Part One

Part Two

Applications for Education
These videos are probably too advanced for use in elementary schools, but could certainly be used in middle school and high school classrooms as part of a unit on economics.

Here are three other video resources that you might also consider using as part of a lesson on economics.
Saving Money in Plain English
Understanding the Financial Crisis - Say It Visually
The History of Credit Cards in the United States