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Integrating Technology in Personal Financial Literacy. Alex Wolf Loch Raven Academy/ Baltimore County awolf@bcps.org. Why Teach Financial Literacy?. “Great Recession” highlighted the need Cannot rely on parents to pass on skills
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Integrating Technology in Personal Financial Literacy Alex Wolf Loch Raven Academy/ Baltimore County awolf@bcps.org
Why Teach Financial Literacy? • “Great Recession” highlighted the need • Cannot rely on parents to pass on skills • Majority of Americans lack complete understanding of key economic concepts.
What we teach at LRA • Magnet • 75 students across 6th, 7th, and 8th grades • 6th grade’s focus is Personal Finance • 7th grade’s focus is Entrepreneurship • 8th grade’s focus is Global Finance • School wide • Based on county curriculum • Delivered during ARE time
School Wide • ARE lessons are delivered to instructional staff digitally • Presentation materials available in PowerPoint and ActiveInspire formats • Minimal use of paper • Classroom activities as interactive as possible
Engaging Students Through Tech • Short instructional videos embedded each week • BrainPop Spotlight on Financial Literacy • Student Response systems help engage the students • Lab rotations
Magnet Program • Students apply in 5th grade • Meets every other day for 80 minutes for half the year • Students work collaboratively on many assignments
Stock Market Game • Teams of 3-4 students compete for 10 weeks • Start with $100,000 • Research, buy, and sell stocks using Internet portal • Track portfolios via mobile apps or web resources
Stock Market Project • Maintain weekly digital journal of all decisions for team portfolio • Maintain Excel for portfolio • Use Edmodo to communicate with team members outside of class • Create final PowerPoint summarizing portfolio performance
Value of real word financial data • Comparing investment tools • Examining bank accounts • Tracking interest rates • Researching Credit Cards • Requesting Credit Ratings
PNC Christmas Price Index • Calculated Annually • Fun way for the students to understand PI concept
Mobile tech • Students may use personal devices for finance research • Apps include Market trackers, calculators, browsers, bank apps
Literacy Fair • Students work in groups to research key financial topics • Credit, Banking accounts, Insurance, Investing, etc • Information is presented is a “science fair” format, with at least part of their presentation being computer based • PowerPoint or Video
Tablet program • For 2012-2013 school year • Each Law & Finance Magnet student will be issued an Android tablet • Includes keyboard, webfilter, teacher managed system • True 1 to 1 • Paperless class
Thanks for staying! Alex Wolf awolf@bcps.org