Presented by Michael A. Goldberg, Martingrove CI @MrMGoldberg February 15, 2013 #GD2B

1. Interdisciplinary Studies and Business Studies Presented by Michael A. Goldberg, Martingrove CI @MrMGoldberg February 15, 2013 #GD2B (Image Source: Frazer, Daniel. http://www.hhmi.org/bulletin/dec2005/chronicle/crosstalk.html, February 13, 2013) Interdisciplinary Studies and Business Studies Michael A. Goldberg, #GD2B, February 15, 2013

2. Agenda • What is Interdisciplinary Studies? • Business Studies IDC Courses • Brief Overview of the Structure of the Business IDC Courses • Starting-Up a Business Studies IDC Course at Your School • Resources & Questions

3. 1. What is Interdisciplinary Studies? • Definition: • “The term interdisciplinary is used to describe an approach to learning and knowledge that integrates and benefits from the understanding and application of the approaches of different subjects and disciplines.” • In other words, mixing two or more courses to make another. (Source: The Ontario Curriculum: Grades 11 and 12. Interdisciplinary Studies. MOE. Page 4.)

4. Three course codes approved by the MOE: IDC3O IDC4O IDC4U (prerequisite: any 3U course) Course code rules Trillium accepts only unique course codes Students can only take a maximum of three IDC courses (that can be recognized as a part of their diploma) Interdisciplinary Studies Rules

5. All three course codes (courses) have three strands: Theory and Foundation Processes and Methods of Research Implementation, Evaluation, Impacts, and Consequences The expectations from these strands are combined with the expectations from the contributing courses to form units of study Interdisciplinary Studies Rules

6. Why Offer an Interdisciplinary Studies Course? • The courses (Business or otherwise) offered are much more attractive to students than traditional course offerings • Financial Securities • Sports and Entertainment Marketing • “real world” comment! • Focus on research (ie. Thinking) sets students up for post-secondary study • IDC courses (in Business) tend to ADD SECTIONS to Business Studies departments • Eg. Financial Securities was the most popular grade 12 business course at MCI this year

7. Why Offer an Interdisciplinary Studies Course? IDC courses (in Business) tend to ADD SECTIONS to Business Studies departments Eg. Financial Securities was the most popular grade 12 business course at MCI this year At MCI when we first offered Financial Securities we gained two sections! IDC courses make your department (and school) look more attractive I’ve had students transfer from IB programmes to take a wider variety of courses (like Financial Securities) ‘U’ Course (Financial Securities) in Business Studies!

8. Interdisciplinary Studies Course - Challenges IDC courses often have no text book – teachers must be very resourceful It takes a while to develop a solid course You need the right person teaching it Teachers (and students) need to be flexible The course often runs in different ways than a traditional course (may confuse students) Lots of projects, less focus on tests!

9. 2. Business Studies IDC Courses • Financial Securities (IDC4U) derived mainly from: • Financial Accounting (BAT4M) • Mathematics of Data Management (MDM4U) • Analysing Current Economic Issues (CIA4U) • Sports and Entertainment Marketing (IDC4O) derived mainly from: • Marketing: Goods, Services, Events (BMI3C) • Entrepreneurship: The Venture (BDI3C) • Business Leadership: Becoming a Manager (BOG4E) • Business and Technological Communication (EBT4O) • The Individual and the Economy (CIE3M) • Understanding Canadian Law (CLU3M)

10. Financial Securities (IDC4U) Prerequisite: Any ‘U’ course (eg. ENG3U) BAF3M recommended There is a heavy emphasis on accounting Non-accounting students can catch-up Sports and Entertainment Marketing (IDC4O) Prerequisite: none Prerequisites

11. 3. Brief Overview of the Structure of the Business IDC Courses Sports and Entertainment Marketing Units Overview of Sports and Entertainment Marketing The Marketing Mix – Product, Place, Price The Marketing Mix – Promotion Sports, Recreation, Entertainment - Consumer Behaviour Sports, Recreation, Entertainment – Corporate North America Licensing and Sponsorship Event Planning Sports, Recreation, Entertainment – Career Exploration

15. 3. Brief Overview of the Structure of the Business IDC Courses Financial Securities The course is made up of 8 units Some teachers combine/switch around units There are many local variations Following are the units I use and some major projects

16. 1. Research • Library visit • 10 Stock Research Project

17. 2. Macroeconomics • Overview of Macroeconomic theories • Study of financial disasters and what has been learned from each • Economist/Financial Guru Profile and Presentation Milton Friedman Source: (http://search.nobelprize.org/search/nobel/?q=milton+friedman&i=en&x=0&y=0, December 3, 2008)

18. 3. Taxation • Prepare a tax return • Use the CRA resource Teaching Taxes • Updated every year • Order from the CRA

19. 4. Financial Analysis • Financial Statement introduction • Key Ratios (build a model) • Ratio Analysis Poster • compare 10+ ratios of 4 companies within an industry and throw it all in a poster!

24. 5. Fixed Income & Equity-Based Securities (2 units combined) • Stock market simulation-based presentation • Eg. MarketWatch Stock Market Simulation

25. 6. The Financial Plan (Summative Evaluation) • Create a financial plan for a real person • Create a profile (including risk tolerance level asset allocation mix) • Pick 4 investments • Spend 4-6 weeks tracking performance • Company report • Reflection • IEF Competition!

26. 7. Ethics and Investing • Case Studies • eg. Fair Play • Guest Speakers Source: (http://investored.ca/en/TeachersResources/fairplay/Pages/fair_play_resource_guide.aspx, December 3, 2008)

27. 5. Resources • Bank of Canada http://www.bankofcanada.ca/ • Inflation Calculator http://www.bankofcanada.ca/rates/related/inflation-calculator/

28. Web-based Resources • Google Finance http://www.finance.google.ca/finance

29. Web-based Resources • Investor Education Fund (Chris Allum) http://www.getsmarteraboutmoney.ca/

30. Web-based Resources • Learn360.com (ID & Password 048+Employee #)

31. Web-based Resources • MoneySense magazine http://www.moneysense.ca/

32. Web-based Resources • SEDAR http://www.sedar.com/homepage_en.htm • EDGAR http://www.sec.gov/edgar.shtml

33. Web-based Resources • Business News Network http://bnn.ca

34. TDSB Resources Ruth Hall, Program Coordinator Library and Learning Resources and Interdisciplinary Studies Email Ruth: ruth.hall@tdsb.on.ca Interdisciplinary Studies page on TDSBWeb From the drop-down menu (once “Teacher” tab selected)… Teaching & Learning Library & Interdisciplinary Studies Interdisciplinary Studies Feedback – Ruth’s doing a survey of current IDC teachers. Find it here: http://www.surveymonkey.com/s/B7SNHLX

35. Questions? • Thanks for your time!

36. Unusual Sports Links! Gloucestershire Cheese Rolling 2008http://www.youtube.com/watch?v=OpzEF0D2xfE Chess Boxing World Championship http://www.youtube.com/watch?v=WkdOv9DCuUA Red Bull Crashed Ice 2009 http://www.youtube.com/watch?v=ppgw9DHYnbs world champion rock paper scissors http://www.youtube.com/watch?v=O2JUUFFdWpk Unicycle hockey http://www.youtube.com/watch?v=dEDhp_-UOYk Foosball (Table Soccer) World Championships http://www.youtube.com/watch?v=BSCKOMfmZsg&feature=endscreen&NR=1 World Shin Kicking Championship 2011 http://www.youtube.com/watch?v=eGXDwbzlJKw&feature=related Shopping Cart Racing World Championships http://www.youtube.com/watch?v=c0OHmiwGI98&feature=related The Wife Carrying Championships – Finland http://www.youtube.com/watch?v=PIB9UcA5iQU Aussie Rules Football! http://www.youtube.com/watch?v=0MY0vCUBg-0