PREVFinLit1 - IG (80p Protected Preview)

PREVFinLit1 - IG (80p Protected Preview)

INSTRUCTOR’S GUIDE

THE 21ST CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY

SUSAN MULCAIRE

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INSTRUCTOR’S GUIDE GOING GL BAL PRODUCT PREVIEW

www.financialliteracylessons.com

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The 21st Century Student’s Guide to Financial Literacy, Instructor’s Guide v.1 This document is copyrighted. Reproducing or sharing this document with other users is a violation of copyright and intellectual property laws. All rights reserved. The content of this book is protected by intellectual property laws. c21Student Resources grants permission to noncommercial users to provide instruction based on the content of this book, however no part of this publication may be reproduced in whole or in part, stored in a retrieval system or transmitted in any form, by any means, electronic, mechanical, photocopying, recording or otherwise, for any commercial or noncommercial use whatsoever without the express written permission of the publisher. PRODUCT PREVIEW Copyright © Susan Mulcaire 2015

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For information regarding permission, write to c21 Student Resources, P.O. Box 8677, Newport Beach, CA 92625-8677, or contact c21 Student by email at [email protected].

Comic illustrations by Zapp! Printed in the United States of America ISBN 978-0-9785210-8-0

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T A B L E O F C O N T E N T S

Message to Educators . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Annotated Lesson Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vi Lesson 1: Look Out, You’re Surrounded! . . . . . . . . . . . . . . . . . . . . . . . . . 2 Introduction to financial literacy; commerce vs. business; inflation; economic indicators; consumers and consumerism; exploring the Consumer Price Index. Lesson 2: Cave Man Commerce . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 The history of commerce; connecting barter to modern commerce; the deficiencies of barter; negotiation skills; exploring MBTI personality types. Lesson 3: Show Me the Medium of Exchange . . . . . . . . . . . . . . . . . . . . . . 36 The origins, functions, and characteristics of money; detecting counterfeit currency; exploring careers in cybersecurity. Lesson 4: The Money Morph . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 The evolution of money; the gold standard; fiat money; central banks; the Fed and the money supply; Bitcoin and virtual currency; exploring the Federal Reserve Bank. Lesson 5: Crazy for Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 The history of currency; currency around the globe; currency conversion; purchasing power; the euro; exploring the Eurozone. Are You Financially Literate? Chapters 1-5 . . . . . . . . . . . . . . . . . . . . . . . . . 84 Lesson 6: Crusaders, Unpleasant Peasants & Mobsters . . . . . . . . . . . . . . . . . . 90 The impact of money; the medieval revival of commerce; the origins of modern banking; wealth disparity in America; exploring investment banks and commercial banks. Lesson 7: Commerce Capitalism . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 The features of capitalism; property rights and profit; capitalism’s critics; socially conscious capitalism; the language of SoCap; exploring the Chamber of Commerce. Lesson 8: Commerce = the Sum of Many Parts . . . . . . . . . . . . . . . . . . . . . . 126 Sectors and industries of global commerce; innovation clusters; cluster mapping; tuning into career opportunities around the world; exploring the World Economic Forum. Are You Financially Literate? Chapters 6-8 . . . . . . . . . . . . . . . . . . . . . . . . . 148 PRODUCT PREVIEW

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T A B L E O F C O N T E N T S

Lesson 9: The Trait to Innovate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154 Innovation and invention; the traits of innovators; 10 young American innovators; your personal R&D; exploring associational thinking skills. Lesson 10: A Garage is for More Than Parking a Car . . . . . . . . . . . . . . . . . . . 170 Startups and entrepreneurs; intellectual property; patent, trademark, and copyright; business ethics blunders; exploring the United States Patent and Trademark Office. Lesson 11: You’re the Entrepreneur . . . . . . . . . . . . . . . . . . . . . . . . . . . 190 R&D and the path to production; balance of business and government; exploring trade secrets and industrial espionage; innovation team challenge – part 1. Are You Financially Literate? Chapters 9-11 . . . . . . . . . . . . . . . . . . . . . . . . . 214 Lesson 12: Business Blast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218 The benefits of forming a corporation; corporate officers, executives and directors; other business entities; parliamentary rules of procedure; exploring CEO leadership skills; innovation team challenge – part 2. Lesson 13: The Quest for Capital! . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242 Venture capital; loans; seed money; angel investors; crowdfunding; public vs. private equity; 4P marketing; exploring the pitch deck; innovation team challenge – part 3. Lesson 14: Who Put the Wall in Wall Street? . . . . . . . . . . . . . . . . . . . . . . . 258 Debt vs. equity; the origin of stock; bonds; treasuries; ratings; the history of Wall Street; securities exchanges around the world; the IPO; exploring the Securities and Exchange Commission. Are You Financially Literate? Chapters 12-14 . . . . . . . . . . . . . . . . . . . . . . . . 278 Lesson 15: Walk’n on Wall Street . . . . . . . . . . . . . . . . . . . . . . . . . . . . 282 How to interpret a stock quote; stock fundamentals; dividends; yield; PE ratios; market capitalization; exploring the G8 and G20; (optional) stock market challenge. Lesson 16: Bulls and Bears and Boats, Oh My! . . . . . . . . . . . . . . . . . . . . . . 300 Major market indexes around the world; DJIA, S&P 500; bull and bear markets; exploring the International Monetary Fund and World Bank. Lesson 17: Breaking Down Barriers . . . . . . . . . . . . . . . . . . . . . . . . . . . 314 GATT and the WTO; benefits and barriers to free trade; key regional free trade agreements; TTP; TTIP; exploring the World Trade Organization. Are You Financially Literate? Chapters 15-17 . . . . . . . . . . . . . . . . . . . . . . . . 330 PRODUCT PREVIEW

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M E S S A G E T O E D U C A T O R S

Dear Educator,

Your students’ futures are global. Will they thrive in a global economy? Where will they fit into this new order? How will they prepare for college and career? The answers to these questions depend very much on whether they are financially literate . There are many aspects of financial literacy, including personal finances and money management. In this complex and increasingly globalized world, however, financial literacy also requires knowledge about global commerce, business, entrepreneurship, and innovation. Financial literacy is critical for college and career readiness. Over the course of the next 17 lessons your students will become proficient in “big picture” financial literacy topics including the evolution of money, the rise of capitalism, currency, venture capital, startups, intellectual property, securities and stock markets, wealth disparity, and global free trade agreements. They will understand the roles of such powerful institutions as the SEC, USPTO, Federal Reserve Bank, IMF, World Bank, World Trade Organization, G7, G20, and the Eurozone. They will build an extensive vocabulary of over 200 key terms and concepts, gaining context for what they will learn in high school and college, and insight into world events. This course is among the most relevant you can offer your students and will take their college and career readiness to new heights. Rest assured, we are already at work on volume 2, which will focus on money management and personal finance. Students will benefit from completing this course first because it provides perspective and context for many of those topics. Make financial literacy a part of your school’s culture. Follow and discuss financial news and events. Post global financial terms and topics posters in classrooms and hallways. Invite guest speakers – securities brokers, entrepreneurs, innovators, small business owners, marketing experts, investment bankers, CEO’s, intellectual property experts, and design engineers – into the classroom in person or by video chat to tell your students about their education and experiences. Take field trips to the Chamber of Commerce, SBA office, district reserve bank, securities brokerage, business incubator, U.S. Mint, or other organization of commerce, innovation, and entrepreneurship. Please review the annotated lesson plan on the following pages. Each lesson in this Instructor’s Guide follows this format and includes in-class practice, an at-home learning activity, and exploration of an issue or institution of global commerce. PRODUCT PREVIEW

Sincerely, c21 Student Resources

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A N N O T A T E D L E S S O N P L A N

TIME TO TEACH These lessons can be taught in about one hour. Consider segmenting into shorter sessions over several days, and including recommended videos and additional resources in instruction. LESSON TITLE SLIDE Instructional slides corresponding to the lesson segment and additional teaching aids can be accessed at www.c21student.com WORKBOOK References the corresponding chapter in The 21st Century Student's Guide to Financial Literacy (the “workbook”) MATERIALS LIST Lists materials and information needed to prepare the lesson. For short informative videos about lesson strategies go to www.c21student.com SUGGESTED VIDEOS & ADDITIONAL RESOURCES Identifies supplemental videos and resources.  indicates that the video or resource is highly recommended. Videos can be accessed at www.c21student.com WHAT DOES THAT MEAN? Each lesson begins with a term/vocabulary segment introducing students to the terms used in the lesson. Slides and vocabulary flashcards can be accessed at www.c21student.com

L E S S O N 3 Show Me the Medium of Exchange

Time toTeach

SLIDE 3A

Workbook This lesson corresponds to The 21st Century Student's Guide to Financial Literacy, student workbook, Chapter 3.

Materials List Computer/smartboard Webslides (www.c21student.com)

Suggested Videos and Additional Resources  Watchmojo.com, 10 Cybersecurity Facts (YoutTube) (8:52) • Cybersecurity 101 (Nova/YouTube) (3:52) • The Secret Lives of Hackers (Nova/YouTube); National Geographic (3:08)  For an interesting good graphic presentation of hacking >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90 Page 91 Page 92 Page 93 Page 94 Page 95 Page 96 Page 97 Page 98 Page 99 Page 100 Page 101 Page 102 Page 103 Page 104 Page 105 Page 106 Page 107 Page 108 Page 109 Page 110 Page 111 Page 112 Page 113 Page 114 Page 115 Page 116 Page 117 Page 118 Page 119 Page 120 Page 121 Page 122 Page 123 Page 124 Page 125 Page 126 Page 127 Page 128 Page 129 Page 130 Page 131 Page 132 Page 133 Page 134 Page 135 Page 136 Page 137 Page 138 Page 139 Page 140 Page 141 Page 142 Page 143 Page 144 Page 145 Page 146 Page 147 Page 148 Page 149 Page 150 Page 151 Page 152 Page 153 Page 154 Page 155 Page 156 Page 157 Page 158 Page 159 Page 160 Page 161 Page 162 Page 163 Page 164 Page 165 Page 166 Page 167 Page 168 Page 169 Page 170 Page 171 Page 172 Page 173 Page 174 Page 175 Page 176 Page 177 Page 178 Page 179 Page 180 Page 181 Page 182 Page 183 Page 184 Page 185 Page 186 Page 187 Page 188 Page 189 Page 190 Page 191 Page 192 Page 193 Page 194 Page 195 Page 196 Page 197 Page 198 Page 199 Page 200

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