Secondary School Programs :: JA Economics for Success®

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JA Economics for Success provides practical information about personal finance and the importance of identifying education and career goals based on a student's skills, interests and values. It also demonstrates the economic benefits of staying in school.

 

It is a series of six sessions recommended for students in Form One. The average time for each Session is 45 minutes.

 

The objectives listed beside each activity state the skills and knowledge students will gain.

 

Session One: Mirror, Mirror

Students make choices to understand the concept of self-knowledge: their skills, interests and values and the structure of the world of work as they consider education, career and other life choices.

Objectives

Students will be able to:

  • Explain self-knowledge, including personal skills, interest and values.
  • Identify careers of interest and how they are classified within the world of work.

Session Two: Choose Your Success

Students play the Choose Your Success game, in which the connection between personal finance, education and career options is demonstrated.

Objectives

Students will be able to:

  • Identify the link between personal finance, education and career options.
  • Apply decision-making to education and career decisions.

Session 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 cost of their decisions to form a budget. They then compare their spending decisions to suggested amounts on the cards.

Objectives

Students will be able to:

  • Recognise that a balanced budget is important for workers of all income levels.
  • Differentiate between gross and net income. Name ways to balance a budget.

Session Four: Savvy Shopper

Students examine how consumers pay for goods and services. They discuss the advantages and disadvantages of using cash and credit and play a game that reinforces their understanding of the cost of credit.

Objectives

Students will be able to:

  • 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.

Session Five: Keeping Score

Students examine how a credit score is determined and learn about the positive and negative consequences of a credit report.

Objectives

Students will be able to:

  • Describe the favourable or unfavourable outcomes of a personal credit score.
  • Explain actions that cause a credit score to go up or down.

Session Six: What's the Risk?

Students demonstrate that life involves risk and that insurance helps to reduce the financial consequences of loss or injury.

Objectives

Students will be able to:

  • Identify financial risks.
  • Explain how insurance provides a method to minimize risk.
  • Identify the opportunity cost of having insurance.

 

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