Category: Economics

When kids read that America’s $23 trillion+ debt is accepted by many experts as ‘business as usual’, I wonder how that news will affect their future personal finance decisions. Do they understand the consequences of unbalanced budgets? The quandary of infinite wants vs. finite dollars? Or do they think money grows on some fiscal tree that always blooms? The good news is: Half of the nation’s schools require a financial literacy course. The bad new is: Only half require a financial literacy course.

If your school doesn’t teach a course about personal economics, there are many online sites that address the topic as mini-lessons. Some are narrative; others games. Here are fifteen I like. See if one suits you:

Admongo

Age group: Middle school

Through this interactive video game, students learn to identify advertising and understand its messages with the goal of becoming informed, discerning consumers. To win the game, they will have to answer questions like, “Who is responsible for the ad?”, “What is the ad actually saying?”, and “What does the ad want me to do?” For educators and parents, Admongo includes tools like videos, lesson plans, printed materials, downloads, and alignment with state standards.

Admongo is put out by the Federal Trade Commission who also offers another well-received game, “Spam Scam Slam” about spam.

Banzai

Age group: middle and high school

Banzai is a personal finance curriculum that teaches high school and middle school students how to prioritize spending decisions through real-life scenarios and choose-

your-own adventure (kind of) role playing. Students start the course with a pre-test to determine a baseline for their financial literacy. They then engage in 32 life-based interactive scenarios covering everything from balancing a budget to adjusting for unexpected bills like car trouble or health problems. Once they’ve completed these exercises, they pretend that they have just graduated from high school, have a job, and must save $2,000 to start college. They are constantly tempted to mis-spend their limited income and then must face the consequences of those actions, basing decisions on what they learned in the 32 scenarios. Along the way, students juggle rent, gas, groceries, taxes, car payments, and life’s ever-present emergencies. At the end, they take a post-test to measure improvement in their financial literacy.

The program is free, takes about eight hours (depending upon the student), and can include printed materials as well as digital.

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Before I get into how edtech enhances social studies lessons, let’s ask a foundational question: What the heck is Social Studies? If you don’t teach in the United States, this might be a term you aren’t familiar with. According to Wikipedia:

“In the United States education system, social studies is the integrated study of multiple fields of social science and the humanities, including history, geography, and political science.”

Merriam Webster offers this definition:

“…the study of social relationships and the functioning of society, usually made up of courses in history, government, economics, civics, sociology, geography, and anthropology”

At primary levels, this includes history, science, and language arts. In MS and HS, it expands to cover science, mathematics, civics, economics, and maybe geography. According to Brookings, roughly nine percent of educators consider themselves social studies teachers. None arrived with a major in social studies though some did have a “Social Studies Teacher Education” degree. About 40 percent majored in history, political science, economics, or sociology with the rest in varied other degrees.

The goal of social studies is to promote civic competence — the knowledge required to be active and engaged participants in public life and the community. In the past decade, technology has become the disruptive tool of choice among teachers to make what traditionally is a droll collection of subjects energizing and inspiring.

Here are five ways edtech can kick up your social studies program:

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The latest national data reports that while a growing number of students graduate high school, college enrollments are decreasing. Students cite a lot of reasons for that:

• I can’t afford it
• I can’t get in
• It’s too hard
• I have a good job
• It isn’t worth it

Whatever is to blame, the result is that students increasingly take on the complicated economics of working and raising families without the knowledge, maturity, or experience to succeed at those. High schools are attempting to fill that gap by offering financial literacy classes that teach how to balance finite income from a job against infinite needs and wants.

Since April is Financial Literacy Month, I want to share my favorite online options, all age-appropriate for high school students and financial literacy classes:

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With summer fast approaching all over the Northern Hemisphere, kids are eager for time away from teachers, textbooks, and To-do lists. In Ireland, Italy, Greece, Russia, and other Eurasian nations, summer vacation lasts about three months. In Australia, Britain, The Netherlands, Canada, and Germany, it’s six to eight weeks. American students get roughly ten weeks.

While kids celebrate, teachers and parents worry students will lose their academic edge. It turns out that concern is valid. Statistics say over the summer, kids lose over two months of math skills, two months of reading skills, and one month of overall learning. Efforts to prevent summer learning loss propel often-unpopular year-round school initiatives and all manner of summer school and summer camps that focus on cerebral topics.

Worry no more. The cure is much simpler: Disguise learning as play. Using the websites below, kids will think they’re playing games while actually engaging in the leading [mostly] free games and simulations in the education field.

A note: some must be downloaded and a few purchased, so the link provided might take you to a website that provides access rather than play.

General

Here are two gamified options that can be tweaked to address any topic:

• Digital Breakouts — Players of all ages use teamwork and critical thinking to solve a series of challenging puzzles that ultimately enable them to achieve a goal. Digital Breakouts are an update to the traditional and popular webquests that have students explore the web as they gather content in a particular field — history, math, literacy, or others. A great collection of free, ready-made digital breakouts can be found over at Tom’s Digital Breakouts. These don’t have to be played online; for a fee, students can play unplugged.
• Flash cards — apps like the free Brainscape provide topical flash cards kids can memorize in between the rest of summer stuff. You might even provide badges for the lists students finish.

Financial Literacy

Summer is a great time to learn topics that require dedicated periods of time — like a financial literacy program. These are important for high schoolers, but often not required for graduation. That means many students transition to that almost-adult point in their life where they need to understand credit cards, bank accounts, paying bills, and other financial concepts but have no real knowledge of how these work.

Here are a few sites that gamify financial literacy topics and can be completed over the summer:

• Banzai – online free comprehensive financial literacy program
• You are here – kids learn to be smart consumers

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When students graduate from high school, a majority enter the working world where they are expected to balance budgets, pay bills, and submit rent and car payments on time. All of these expenses must be paid from whatever money they get from the job(s) they find after graduation. The world expects them to pay these critical bills before eating out, buying clothes, or entertaining themselves.

That’s not as easy as it sounds. Most new jobholders never had to think about costs vs. revenue, instead relied on parents to keep a roof over their head, heat and AC turned on, and gas in the car (and a car in the driveway). Needless to say, paying these essential bills may be daunting, even confusing.

The good news is: Half of the nation’s schools require a financial literacy course. The bad news is it’s not mandatory.

Last year, I published a list of eight great financial literacy sites for grades 3-12. Now, just in time for April’s Financial Literacy Month, the business world has released an impressive list of additional resources to help teens see through the murkiness of financial independence. During April, give students at least a few hours to visit one or more of these excellent sites:

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I published this about a year and a half ago, but with April’s focus on financial literacy, it’s time to repost.

When kids read that America’s $18 trillion+ debt is accepted by many experts as ‘business as usual’, I wonder how that news will affect their future personal finance decisions. Do they understand the consequences of unbalanced budgets? The quandary of infinite wants vs. finite dollars? Or do they think money grows on some fiscal tree that always blooms? The good news is: Half of the nation’s schools require a financial literacy course. The bad new is: Only half require a financial literacy course.

If your school doesn’t teach a course about personal economics, there are many online sites that address the topic as mini-lessons. Some are narrative; others games. Here are eight I like. See if one suits you:

Banzai

Banzai is a personal finance curriculum that teaches high school and middle school students how to prioritize spending decisions through real-life scenarios and choose-your-own adventure (kind of) role playing. Students start the course with a pre-test to determine a baseline for their financial literacy. They then engage in 32 life-based interactive scenarios covering everything from balancing a budget to adjusting for unexpected bills like car trouble or health problems. Once they’ve completed these exercises, they pretend that they have just graduated from high school, have a job, and must save $2,000 to start college. They are constantly tempted to mis-spend their limited income and then must face the consequences of those actions, basing decisions on what they learned in the 32 scenarios. Along the way, students juggle rent, gas, groceries, taxes, car payments, and life’s ever-present emergencies. At the end, they take a post-test to measure improvement in their financial literacy.

(more…)

When kids read that America’s $18 trillion+ debt is accepted by many experts as ‘business as usual’, I wonder how that news will affect their own personal finance decisions. Do they understand the consequences of unbalanced budgets? The quandary of infinite wants vs. finite dollars? Or do they think money grows on some fiscal tree that always blooms? The good news is: Half of the nation’s schools require a financial literacy course. The bad new is: Only half require a financial literacy course.

Banzai is a personal finance curriculum that teaches high school and middle school students how to prioritize spending decisions through real-life scenarios and choose-your-own adventure (kind of) role playing. Students start the course with a pre-test to determine a baseline for their financial literacy. They then engage in 32 life-based interactive scenarios covering everything from balancing a budget to adjusting for unexpected bills like car trouble or health problems. Once they’ve completed these exercises, they are dropped into a scenario where they have just graduated from high school, have a job, and must save $2,000 to start college. They are constantly tempted to mis-spend their income and then face the consequences of those actions, basing their decisions on what they learned in the 32 scenarios. Along the way, students learn to handle rent, gas, groceries, taxes, car payments, and life’s ever-present emergencies. When they finish, they take a post-test to measure improvement in their financial literacy.

Teachers register as many classes as necessary. Their dashboard lists all students in each class and a summary of which activities they have finished. Student work is graded by the website and updated on the teacher dashboard.

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Second graders (sometimes first graders) learn about money. The only way to really ‘get it’ is repetition. Here’s a list of websites to provide redundancy for each type of learner:

1. Coin Counting
2. Counting Money
3. Money—counting
4. Piggy Bank
5. H.I.P. Pocket Change
6. Cash Out

For a longer list that includes concepts like ‘economics’, try these:

Coins and Counting Money

1. Brain Pop Learn about Money
2. Cashtivity
3. Coin games—from US Mint
4. Count Money
5. Face on money
6. Face on money–from Lunapic; lots of options
7. Make change
8. Money—counting
9. Moneyville
10. Money Flashcards–APlus Math
11. Mr. Bouncy’s Money collection–lots of websites
12. US Mint virtual tour (a slideshow)

Economics–for youngers

1. Brain Pop Learn about Money
2. Coffee Shop Game
3. Rich Kid Smart Kid
4. Spent–living at minimum wage: the game
5. Three Jars–kids learn to use money wisely
6. Tykoon Kid–earning with a purpose

Do you have any to add to this list? These are mostly for youngers–I’d love some for older age groups. (more…)

Wide variety from formative to summative, from quizzes to games. See what works for you:

1. 60-seconds Adventures in Economics–videos from Open University
2. Basic Economic Terms
3. Basic Economics Jumbled
4. Be Your Own Boss
5. BrainPop—money movie
6. Business and Profit Millionaire Game
7. Coffeeshop Game
8. Economic Concepts
9. Economics in Plain English–from Atlantic Monthly–videos
10. Economic Systems
11. Economic Terms
12. Economic Terms Mini-Quiz
13. Economics Flashcards
14. Economics Flashcards
15. Economy Terms
16. Hands on Banking for Kids
17. It’s My Life:PBS Kids – Click on Money
18. Lemonade Stand
19. Making Money
20. NASDAQ
21. New York Stock Exchange
22. Stock Market Game
23. US Economy
24. You are here—sim of the consumer world

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Economics is an authentic topic that can be intimidating if not presented correctly. Here are 4 websites that do a good job of addressing this topic in 3rd grade terms.

1. Coffeeshop Game–students learn the economic ins and outs of running a coffee shop
2. Moneyville–Students learn how to thrive in a community as they make and spend money.

You can scale this up or down, depending upon the scaffolding your student group has for understanding this topic.

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