This sub-organizer contains the following sections:
Prescribed Learning Outcomes
Suggested Instructional Strategies
Suggested Assessment Strategies
Recommended Learning Resources

PRESCRIBED LEARNING OUTCOMES

• demonstrate a variety of ways to solve financial problems
• explain how the value of currency and investments changes over time

To view the prescribed learning outcomes for Finance in other grades click on an icon below.

SUGGESTED INSTRUCTIONAL STRATEGIES

• Ask students to weigh cost factors involved in making a car-purchase decision (e.g., price, interest rate, mileage rate, maintenance needs, insurance). Have them use computers to research and compile their information. Students could then compare results and discuss how their various interpretations might affect their buying decisions.
• Present students with a deficit budget scenario (personal, family, or small business) and have them suggest ways to improve cash flow and short- and long-term forecasting. Suggest that students use charts to compare several options addressing the financial problem.
• As a class, simulate the development or creation of a provincial or federal budget. During an actual pre-budget period, have students analyse the current position, forecast a budget, and later compare their predictions with the real budget. Spreadsheets could be developed to allow "what if" analyses.
• Work with students to create a simulated investment portfolio that includes a range of investment types. Use a class spreadsheet for record keeping, and ask students to produce individual reports summarizing decisions and results. Then have them develop spreadsheets for "what if" analyses comparing the cumulative value of lump-sum and periodic deposits invested at different interest rates.
• Invite students to create simulated investment portfolios in the stock market, recording changes over time on spreadsheets. As opportunities arise, have students contribute perspectives on ethical issues related to investing (e.g., insider trading).

SUGGESTED ASSESSMENT STRATEGIES

• Provide students with a budget and a list of criteria to meet in planning a successful school dance. Form groups and ask each to generate a list of alternative plans that would meet the criteria within the budget, determine the best alternative, and apply it. Review students' work for accuracy and clarity, as well as evidence that they can balance a budget and follow appropriate record-keeping practices. Use the reference set Evaluating Problem Solving Across Curriculum  to assess their abilities to solve problems. Note the extent to which students:
  • ask questions and paraphrase or rephrase to build on the ideas of others
  • provide constructive feedback
  • relate prior knowledge to the problem
  • apply budgeting techniques appropriately
  • adjust direction taken or methods used, if required

• Collect students' comparisons of interest for lump-sum and periodic currency deposits at various rates. Review their calculations for accuracy, and record evidence that they recognize the effect of interest rates and time on the value of currency.

RECOMMENDED LEARNING RESOURCES

• An Introduction to the Stock Market - A Canadian Perspective
• World of Business

Video

• Credit Cards

Multimedia

• Exploring Business
• Personal Finance Portfolio

Note: It is anticipated that existing classroom and school materials will also be used to support the prescribed learning outcomes until additional learning resources are identified.

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