Thursday, Rocktober 10

Grade 12: Economics, the Enterprise System, and Finance

“Economics, the Enterprise System, and Finance” examines the principles of the United States free market economy in a global context. Students will examine their individual responsibility for managing their personal finances. Students will analyze the role of supply and demand in determining the prices individuals and businesses face in the product and factor markets, and the global nature of these markets. Students will study changes to the workforce in the United States,

and the role of entrepreneurs in our economy, as well as the effects of globalization. Students will explore the challenges facing the United States free market economy in a global environment and various policy-making opportunities available to government to address these challenges.

12.E1 INDIVIDUAL RESPONSIBILITY AND THE ECONOMY: Individuals should set personal financial goals, recognize their income needs and debt obligations, and know how to utilize effective budgeting, borrowing, and investment strategies to maximize well-being.

12.E1a In making economic decisions in any role, individuals should consider the set of opportunities that they have, their resources (e.g., income and wealth), their preferences, and their ethics.

Plan of the Day

Rebel Pride, Starts inside!

PRESENTATION DUE DATE CHANGE!!
Due to circumstances beyond our control, the presentation by the Navy has been rescheduled for 10/11/19. As such, your due date for your presentations is now 10/15/19.

PATRIOT'S PEN ESSAY CONTEST - WE ONLY HAVE ONE SO FAR! DO YOU NOT LIKE MONEY?!?!?

Learning Target: To understand how debt and interest work over time. To understand the difference between revolving debt and fixed debt.

1. Table activity: Use your devices and search out online simple loan calculators (not mortgage calculators)
and start plugging in loan amounts and interest rates. Look at the amortization tables. What do you notice about how a slight change in the interest rate changes the total amount paid on longer term loans?


Jim Cramer on the Importance of Managing Debt - Video

ibid

1. If you think you will borrow at all, how much money do you think you will need to borrow to get to your career goals? This could be for college, training, equipment for a business, or maybe a car to get back and forth to employment. Think of a dollar amount.

Student Loan Types and Rates

Federal 10 Year Interest Rate


2. Now, try to guess as to how long you would take to pay back the loan, in other words: What is the term of the loan?


3.  Now, try to guess as to what would be an acceptable Interest Rate? Do you think the rate will be fixed or variable? Why is that important? What would the benchmark for the interest rate be?

4. Based on the number you used in #1, above, HOW MUCH will be the total amount of repayment? Can you figure this out with a basic calculator?


Confused? Welcome to the world of AMORTIZATION!!!!!

Debt Calculator and Tables



Now, for the scary part -

Revolving debt/credit card calculator


Information on Wealthy College Endowments

Is Syracuse University a responsible civic partner?

Is SU a responsible civic partner?




Historical Tuition Rates Past Twenty Years