Council for Economic Education
Calculating Simple Interest
How much is owed? A calculated resource introduces the simple interest formula with a video that describes how to use it. Classmates then show what they know by answering questions within a simple interest worksheet.
Curated OER
FILLING EMPTY POCKETS: BORROWING, LOANS AND CREDIT.
Learners learn that maintaining financial security takes a good math understanding. In this lesson, students apply mathematical formulas to make important financial decisions like getting the right loan to buy a house, decide which...
Curated OER
Chinese New Year: A Simple Lesson in Debt, Percent, and Loan Interest
Students study Chinese New Year traditions while investigating the concepts of percent and loan interest. They apply the concepts to calculate the total debt on monies borrowed.
Curated OER
The Business of Interest
Students explore the concept of simple and compound interest. For this interest lesson, students discuss how interest works on a loan. Students calculate simple and compound interest on loans of fictitious characters from a video.
Curated OER
Compound Interest
Students solve compound interest problems. In this solving compound interest problems instructional activity, students use TVM Solver on the Ti-83 Plus. Students find the future value of a principal amount at a given interest rate...
Curated OER
Calculating Interest
Students explore the concept that when money is borrowed, people pay to use it because someone else is losing an opportunity to use it while they have it. What you pay to use the money is called interest. The rate of interest is a...
Curated OER
Thinking About Credit
Learners explore the concept of credit. In this credit lesson, students discuss what it means to buy items using credit. Learners discuss how interest accrues and how much is really being paid with a credit card. Students calculate...
TCI
By George!
What better way to learn about George Washington and other United States presidents than with a fun board game? Learners review the accomplishments of Washington's administration through a collaborative board game, as well as draw...
Curated OER
Credit Purchases
Twelfth graders calculate interest on purchases bought with a credit card. They use the formula I=PRT to find the interest. In pairs, they use a flyer to calculate the interest for electronic items.
Curated OER
A Lesson To Accompany "The First Bank of the United States: A Chapter in the History of Central Banking"
Here is an interesting topic. Learners examine the economics that led to the founding of the First Bank of America. They participate in a reader's theater experience depicting the debate between Alexander Hamilton and Thomas Jefferson...
Federal Reserve Bank
Lesson 3: A Fresh Start
The members of your economics class may be busy earning graduation credits, but the credit they should be concerned about is their financial credit. The third lesson in a unit about Hurricane Katrina and other events that can result in...
Curated OER
The Case of the Gigantic $100,000 Bill
Students investigate the money creation process and calculate the upper bound of the money creation process using a money multiplier. In this money creation lesson plan, students use a imitation $100,000 bill. Students demonstrate...
Curated OER
What Is the Federal Reserve?
Students examine simple bank transactions. For this banking lesson, students analyze banking transactions such as deposits, loans, and how they hold reserves. They participate in simulations of the process of clearing a check and the...
Curated OER
Calculating A Car Payment
Students choose a car from an Internet used car dealer and then calculate their monthly payment. All the necessary resources and formulas are provided. This is a simple, but practical and effective, lesson for a math or life skills class.
Curated OER
Debt
Fourth graders read a book about debt, credit, and interest rates and write a story about these topics. In this debt and credit lesson, 4th graders read the book Four Dollars and Fifty Cents, define the terms "debt" and "credit," and...
Curated OER
START QUILTING
Students use Start Quilting with Alex Anderson, 2nd Edition to make five simple wall hangings, each exploring different basic piecing techniques. A sampler quilt at the end of the book combines all the basic blocks from the preceding...
EngageNY
Credit Cards
Teach adolescents to use credit responsibly. The 32nd installment of a 35-part module covers how to calculate credit card payments using a geometric series. It teaches terminology and concepts necessary to understand credit card debt.
Curated OER
Political Advertisements
Students are shown how to analyze the messages and the impact of the candidates' politicial adertisements in print, video, and audio formats. They are shown the techniques that candidates use to influence voter decisions and how to...
Curated OER
Thinking About Credit
Students examine the use of credit such as installment purchases and credit cards. In this credit lesson, students learn the vocabulary associated with credit usage such as mortgage, credit report/score, and debit cards. They determine...
Curated OER
Opening A Bank Account
High schoolers identify the different types of accounts offered by local banks. Students review and define appropriate banking terms when opening an account. Working in pairs, high schoolers role play the proper way to open an account....