All resources in Oregon Personal Financial Education

An Interdisciplinary Approach to Teaching the Causes and Consequences of Unemployment

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In this teaching exercise students will extend the conventional economic framework for analyzing the causes and consequences of unemployment to incorporate insight from psychologists and sociologists. Thus, the exercise adopts the hierarchical approach to interdisciplinary learning. Students will explore theories from psychologists and sociologists that link joblessness to emotional well-being and discover how economists then connect the psychological status of a nation's workforce to their productivity. These linkages are then built into standard economic models for analyzing aggregate output and prices (i.e., aggregate supply aggregate demand) and for employment determination (i.e., marginal productivity theory of labor) to obtain a richer more complete understanding of the impact of a recession. The analysis reveals that recessions are expected to be deeper and of greater duration when an interdisciplinary analysis is conducted. Moreover, alternative (i.e., non-neoclassical) paradigms within the discipline of economics for explaining joblessness are briefly described and brought into the discussion. Finally, policy options for eliminating a recession are re-considered given the interdisciplinary framework offered in this exercise.

Material Type: Activity/Lab

Author: Art Goldsmith

Time Log Workbook (Template)

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This Google Sheet was created to support a Time Management module in a Strategies for College Success course. The plan is for the instructor to share one copy of the Sheet with each student for an assignment lasting 2 or 3 weeks. Students estimate the time they spend each week on common daily tasks, such as sleeping, working, or attending class. Space is provided for students to enter up to three custom tasks. After estimating how they spend time, students track their time spent for a full week. Through the magic of spreadsheet formulas, time spent per task is color-coded to help visualize large and small blocks of time. Time for the week is tallied on the summary tab, where a warning message appears if less than 24 hours are logged for any given day. After comparing their estimated hours to their actual recorded hours, students propose changes they can make in how they spend their time to increase their scholastic success. A tab with five questions is included for student reflection. Instructions for how to use the Sheet are provided for faculty on the Info & LIcense tab. Cell formulas are editable only by the document owner; students cannot accidentally overwrite. Colors are selected from a palette known to be perceivable by people with most forms of colorblindness. Author contact information is available on the Info and License tab.

Material Type: Activity/Lab, Homework/Assignment

Author: Cheryl Colan

Adjusting for Inflation

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As inflation raises the overall price level in an economy, the purchasing power of the dollar decreases and both borrowing and lending costs increase. The January 2023 issue of Page One Economics® discusses how price indexes can be used to transform nominal wages and interest rates into real, or inflation-adjusted, values.

Material Type: Lesson, Reading

Author: Diego Mendez-Carbajo

Electronic Money

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Electronic money is money which exists only in banking computer systems and is not held in any physical form. In the United States, only a small fraction of the exists in physical form. The need for physical currency has declined as more and more citizens use electronic alternatives to physical currency.

Material Type: Homework/Assignment

Author: Geeta Kesarkar

Understanding Bonds - No-Frills Money Skills Video Series, Episode 4

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Understanding Bonds is the fourth video in the Federal Reserve Bank of St. Louis series, "No-Frills Money Skills." The video host employs high-tech tools to foil Miss Information in her attempts to misguide investors. The video provides viewers with information about government bonds, corporate bonds, coupon and non-coupon bonds, and the potential risk and return of investments.

Material Type: Lecture

Author: Kris Bertelsen

Teaching About Money, Spending, and Inflation Using a Classroom Inflation Auction

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Students participate in two auctions: The goods in each auction are identical, but the amount of money given to students increases from the first to the second auction. Students learn that if spending grows at a faster rate than the economy’s ability to produce goods and services, inflation will result. This is inflation caused by “too much spending chasing too few goods.”

Material Type: Activity/Lab, Lesson

Author: Scott Wolla

INTRODUCTORY LESSON TO PERSONAL FINANCE

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 What is Personal Finance?  A great question to start off a lesson on managing and maintaining money.  Have each student write down their idea of what they think Personal Finance means.  You will be surprised at the different answers and ideas that students will come up with.  Have students share some of their thoughts they may have on the subject of personal finance and how it determines their future success.  High School students need a good understanding on how to management their money because a lot of these students have started to work part time jobs. 

Material Type: Homework/Assignment

Author: Lisa Osborn

Market Basket

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Students will compare the price of goods from one time period to another and through discussion and role play interpret the effects of inflation on consumers. They will categorize goods and services according to the eight major groups of the consumer price index and be able to determine the difference between the Consumer Price Index (CPI) and the core CPI.

Material Type: Lesson, Lesson Plan

Author: Jeannette Bennett

Spreadsheet - Production Test

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The goal of this lesson is for students to test concepts they have already worked with; creating formulas and functions in a worksheet, and formatting for money. The assessment is a production work where students look at the candy bar sales from each class. It requires them to put in functions like minimum, maximum, totals, and figure revenue.  There is also an additional activity for review of revenue, formatting currency, and totals prior to the production test, if needed. 

Material Type: Activity/Lab, Assessment, Lesson Plan

Author: Jamie Taylor

Financial Empowerment

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Personal Finance for Indigenous and Non-Indigenous People Short Description: Financial Empowerment is designed for a single-semester introduction to financial planning and decision-making, in order to provide first and second-year students with the necessary financial literacy and skills needed to make sound financial decisions, assess financial risk, and achieve financial success. This textbook attempts to speak to the varied backgrounds, knowledge systems, and experiences of Indigenous and non-Indigenous Canadians by providing Indigenous and non-Indigenous perspectives on personal finance and financial planning using examples and information from Elders, the Canadian financial system, and the economy. Additional resources can be found at https://www.uregina.ca/oer-publishing/index.html. Long Description: Financial Empowerment is an adaptation of the openly licensed textbook Personal Finance, v. 1.0 which was adapted by Saylor Academy (2012) under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work’s original creator or licensee and is available here: http://www.saylor.org/site/textbooks/. The purpose of the Financial Empowerment adaptation is to take an accessible, student-focused, personal finance textbook from the United States and make it affordable and relevant for Indigenous and non-Indigenous people in Canada. While many mainstream Canadian personal finance texts provide excellent content in terms of the mechanics of personal finance, they are expensive and not always relevant to the values and experiences of students in the classroom. Many mainstream personal finance texts fall short for Indigenous Canadians and non-Indigenous Canadians alike because they do not speak to the varied backgrounds, knowledge systems, and experiences of their readers. This textbook was adapted in order to motivate a broad range of students to learn about personal finance. The specific goals of this textbook are: to help students build a solid understanding of personal finance in order to achieve financial literacy and financial success by providing them with the skills and knowledge necessary to navigate short and long-term financial change; to tailor the content for a Canadian audience by providing Indigenous and non-Indigenous perspectives on personal finance and financial planning using examples and information from the Canadian financial system and economy; to increase accessibility to financial education resources for students and general public alike regardless of where they live or study; to customize the content for Indigenous students in Canada and address student needs for practical and theoretical knowledge on financial decision-making and financial risk assessment; and to connect financial literacy with Indigenous Knowledge and history by threading Indigenous perspectives and interviews with Elders and other community leaders throughout the textbook. Supplementary resources for this text include: PowerPoint slides Video Introduction Word Count: 144364 ISBN: 9780889775497 (Note: This resource's metadata has been created automatically by reformatting and/or combining the information that the author initially provided as part of a bulk import process.)

Material Type: Textbook