Life Skills Teacher Resources
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Banking 11: A reserve bank
Exploring a world with more than one bank, Sal illustrates the balance sheets of each fictional bank, as well as explaining the possible problems that could result with inconsistent reserve ratios requirements. The video details how one bank run can affect everyone, creating "a weak link in the chain" of commerce.
Banking 14: Fed Funds Rate
With bright, simple diagrams, Sal explains the role of the Federal Reserve as it relates to lending rates between banks. He discusses open market operations and the way the "Fed" connects to Congress and the U.S. Government.
Banking 3: Fractional Reserve Banking
With just 1000 pieces of fictional gold, Sal takes viewers through the process of fractional reserve banking. He explains how deposits made into a bank can be both assets and liabilities, and the role of having reserves. Additionally, he demonstrates the multiplier effect to show how the modern banking system is sustained.
Banking 15: More on the Fed Funds Rate
Going deeper into the concept of the Federal Funds Rate, this video guides viewers through the process of inter-bank lending, much like the previous video (Banking 14). Sal's easygoing approach is simple to understand and fun to watch.
Banking 13: Open Market Operations
Posing a central question about how the economy can increase or decrease its money supply (5:00), Sal launches into a discussion about an expanding, or "elastic" money supply that can change along with its economy. Viewers will finally be able to understand how money can be "expensive" and how the process relates to the Federal Reserve Bank.
As an introduction to the institution and function of banks in society, this video walks viewers through the concept of banking with colorful annotations and simplified narration. The lecture evolves naturally into a discussion about interest and investments, as well as identifying assets and liabilities. Social Studies and economics pupils will enjoy this straightforward and intuitive approach to modern banking.
Banking 2: A bank's income statement
Using his example of a growing village bank, Sal (the narrator) explains the ins and outs of the banking business, mostly from the perspective of the banker. This point of view can be helpful for people who see the bank as an institution that simply holds money, without considering the costs and liabilities of said institution.
The Bank of Good Habits
Students explore investing and saving. In this investing lesson plan, students identify their own financial goals and hurdles to success, calculate interest, and simulate banking and investing transactions. Incentive certificates, a quiz, and word problems are included.
Money Management: Berenstain Bears
In this money management worksheet, students consider the benefits of savings account as they read a brief story and respond to 5 fill in the blank questions.
Financial Literacy - Debt and Poor Money Management
Students review responsibilities people have of their own finances, consequences of poor money management, excessive debt, and bankruptcy.
JA Dollar Sense
Learners identify the role of money in everyday life. In this algebra lesson, students discuss the benefits of having a savings account. They practice making deposits and withdrawals from their bank accounts and discuss good financila choices.
Comparison shop for health insurance? Yep. Young adults compare and contrast several health insurance plans to determine which would provide the most coverage at the best price. They discuss and work through deductibles, premiums, and co-insurance prices. This is one of a series of quality lessons from an educational website on consumer economics/life skills.
You can Bank on It: The Basics of Banking
Young scholars explore types of financial institutions. In this Consumer Math/Economics lesson, students investigate the functions and services of different types of financial institutions and how thy work for individuals and businesses.
New! Money in the Piggy Bank
It's time to crack open that piggy bank and see what's inside. First, count up the pennies, nickels, dimes, and quarters, identifying what fraction of them are dimes. Then calculate the total value of the coins, writing another fraction for the value of the dimes. A challenging problem that requires students to look at a single group of objects in two very different ways.
Banking 7: Giving out Loans without Giving out Gold
Can a bank issue endless loans and checking accounts without regard to the amount of money within its walls? Sal addresses this question throughout the lecture, where he introduces the concept of bank regulations - specifically reserve requirements. Viewers consider the perspective of the banking institution to improve their knowledge of economics, but additionally, to make them smarter consumers.
Banking 5: Introduction to Bank Notes
Sal explains the concepts of bank notes in this video, leading viewers to the natural conclusion that his illustration looks a lot like a dollar bill - and therefore, one is very much like the other. Wealth creation and the Federal Reserve Bank are two important topics that your class will easily understand after seeing this lecture.
Fractional Reserve Banking Commentary 1
After a short review on the banking process and lending procedures, Sal outlines some of the problems and weaknesses of fractional reserve banking. Additionally, he details the differences between illiquidity and insolvency, as well as how one weak bank in a fractional reserve banking system can make life difficult for an entire economy.
Bailout 7: Bank goes into bankruptcy
Some banks escaped certain disaster with a bailout by the government. But, what about the rest? Sal explains the intricacies and dynamics of a bailout down to the details on a balance sheet. He also provides a thorough definition of bankruptcy through the example of Lehman Brothers.
Banking 9: More on Reserve Ratios (Bad sound)
Viewers learn about the value of liquidity and solvency in this video, which addresses not natural science but banking and finance. Sal explains the value of solvency for a bank, and how it relates to the process of making and receiving loans.
Banking 10: Introduction to leverage (bad sound)
Demonstrating not only the working definition but the mathematical model of financial leverage, Sal shows viewers how leverage can keep a bank safe - or multiply its losses. Particularly helpful for a class session about bank regulation and bad loans, the video differentiates the ideas of issuing bad loans with insolvency.