Recognition networks |
Strategic Networks |
Affective networks |
images retrieved from http://www.cast.org/udl/
My UDL lesson plan
Title:
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So You Want to
be a Millionaire?
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Author:
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Paul Stolt
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Subject:
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Personal
Finance
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Grade Level(s):
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6 - 8
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Duration:
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4 weeks
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Investing
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This
project-based unit introduces students to the concept of investing to create
wealth as opposed to saving for future wants or needs. It begins with a
comparison between investing and saving. This unit is launched by an ebook
that provides background information and sets the driving question: Is it
possible to save a million dollars?
During the unit
students will create portfolios of stocks, bonds and mutual funds. After an
initial survey of personal likes and interests, the students will choose
industries that match their personal interests. This will help establish the
concept of ownership. Students will journal why they decided on the
investments they choose and give reasons to support their decision based on
their research.
Students will
then create a portfolio of 2 stocks, 2 bonds and 2 mutual funds on the
website http://www.wallstreetsurvivor.com/
and track the performance of their investments for 20 days, and record
observations in their journals.
At the end of
the 20 day cycle, learners will record their findings and create a
presentation with present and projected future value based on three possible
scenarios of their choice – continue investing a set amount, stop investing,
and increase investments by a percentage at a set time period. Final projects
will be posted to class specific wiki and shared with interested parents,
administration and members of financial community.
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Launch lesson will introduce students to
investing through the use of ebook, provide time for brainstorming, discussion,
and student initiated questions, collection of group prior knowledge via Google
form, and augment background knowledge with videos on investing.
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State
Standards:
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TEKS (14) Personal financial
literacy. The student applies mathematical process standards to develop an
economic way of thinking and problem solving useful in one's life as a
knowledgeable consumer and investor.
TEKS (13) Measurement and data.
The student applies mathematical process standards to use numerical or
graphical representations to solve problems. The student is expected to:
(A) interpret
numeric data summarized in dot plots, stem-and-leaf plots, histograms, and
box plots; and
(B) Distinguish
between situations that yield data with and without variability.
CCSS WHST.6-8.7 Conduct short
research projects to answer a question (including a self-generated question),
drawing on several sources and generating additional related, focused
questions that allow for multiple avenues of exploration.
CCSS WHST.6-8.8 Gather
information from multiple print and digital sources, using search terms
effectively, assess the credibility and accuracy of each source.
CCSS WHST.6-8.4 Produce clear and
coherent writing in which the development, organization, and style are
appropriate to task, purpose, and audience.
CCSS WHST.6-8.6 Use technology,
including the Internet, to produce and publish writing and present the
relationships between information and ideas clearly and effectively.
RH.6-8.7 Integrate visual
information (e.g., in charts, graphs, photographs, videos, or maps) with
other information in print and digital texts.
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Unit Goals:
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The goals
of this unit are as follows:
1.
Learners
understand investing as a means to create wealth.
2.
Learners
understand the effect of time on investing
3.
Learners
apply research and mathematical reasoning to decision making process
4.
Learners
analyze various investment options based on personal goals and record
analysis for future use.
5.
Learners
evaluate strategy and effectiveness in relation to investment goals. Learners
share evaluations with peers for critique, comment.
6.
Learners
create investment guide and summary of project.
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The goals of the launch lesson are as follows:
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Anticipatory Set:
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To create
interest, show photos of celebrities along with their net worth. Ask learners
how they earned their money and if it’s possible for everyone to use that
method. Then show the number of millionaires in the United States. Ask
learners how they think they reached that goal. Open the website http://www.budgetsaresexy.com/2010/03/5-a-day-grants-you-millionaire-status/
on interactive white board. Learners should comment to social media document
on their thoughts after reviewing the above website with learners.
(Optional: Have clean version of Travie McCoy and Bruno
Mars’ I Want to be a Billionaire playing as students enter room.)
The launch
lesson begins with a pro/con chart for saving money. What are some reasons to
save money? Responses are recorded on chart, whiteboard, or through social
media such as todaysmeet.com.
This is followed by asking what are some ways to save
money. Again using chart, whiteboard or social media to record responses.
Finally, ask students to define saving and investing
using the same methods for recording responses.
Once all responses are in, have a group discussion and
look for common themes and address misconceptions. Close anticipatory set by
directing learners to eBook: How to Save a Million Dollars (maybe) and help
open accounts and explore scenarios on the two websites embedded in the book.
This anticipatory set of activities aligns with UDL recognition, strategic
and affective networks.
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Introduce and Model New Knowledge:
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At the end of the anticipatory set, students are directed to http://www.wallstreetsurvivor.com/
and http://www.daveramsey.com/article/investing-calculator/lifeandmoney_investing/#/entry_form
To explore and establish accounts used in future
lessons.
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Provide Guided Practice:
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Guided practice consists of modeling the process for evaluating
possible investment opportunities based on personal interest. Develop
criteria for evaluation with student input. Show video A Teenager’s Guide to
Investing http://youtu.be/G8FmnGkkkt8
after modeling the process, guide learners in creating accounts and starting
research on companies. Model keeping an investment journal to reflect on
learning.
(Video
referenced above can also be used as an example of how a finished project
might look.)
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Provide Independent Practice:
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Students use developed criteria to research and
evaluate possible investment options to determine their investment mix of
stocks, bonds and mutual funds. After a period of independent practice,
learners should reflect on the process of creating a portfolio in their
journals.
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Formative/Ongoing Assessment:
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Learner journal entries serve as formative/ongoing assessment of project.
The anticipated due dates for required parts of the project will be displayed
on a timeline displayed in the classroom. A rubric will be provided to
students to guide journal responses.
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Learner final projects serve as summative assessment. Learners will post
final projects to class Google site and present results to class,
administrators and members of investment community.
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Internet access
Student web access device – any
operating system – minimum 3:1 ratio. Ideally 1:1 student to device ratio.
Unit could be completed in lab
setting
Unit could fit into BYOD
environment
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Interactive white board
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http://penzu.com/
on-line journal
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www.google.docs.com used to create
class web presence
www.blogspot.com
blog site for keeping a journal
www.kidblog.com
blog site for keeping a journal (posts on this site have to be teacher approved
prior to going “live”)
www.evernote.com
versatile site with a/v recording capabilities – great for special needs
www.bitly.com
url address shortening application
www.qrme.com
qrcode creation app
http://safeshare.tv/ filter app for youtu.be video
content removes ads, etc.
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www.youtube.com
access to videos
featured video bibliography
Murarka, A. (2013) The Teenager’s Guide to Investing.
Retrieved from http://youtu.be/G8FmnGkkkt8
Cunningham, J. The Investor Education Fund (producer).
(nd). Funny Money Cartoon: Building
Long-term Wealth (video) retrieved from http://youtu.be/23zghpS9034
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Websites
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