This lesson covers the concept of currency, including its role in an economy as a medium of exchange and store of value, and different types of currency such as traditional currencies and digital currencies like Bitcoin. It also covers the foreign exchange market and how it determines the exchange rate between different currencies, as well … Continue reading What is Currency? Exchange Rates
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Categories Basic Money, Economics, Tags 10th Grade, 11th Grade, 12th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade, Elementary School, High School, Middle School
Learn the basics of investment yield, definition of yield, and how to calculate the percentage yield formula for bonds and stock dividends. CONCEPTS Use this video lesson on the topic to discuss the financial terminology and basic economic and related concepts of Yield Investment Return Bonds Stocks PROCEDURE Hand out the worksheet below (see the … Continue reading What is Yield? How to Calculate
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Categories Banking, Economics, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 7th Grade, 8th Grade, 9th Grade
Learn the basics of simple interest, and how it is calculated using the simple interest formula. CONCEPTS Use this video lesson on the topic to discuss the financial terminology and basic economic and related concepts of Interest Saving Money Principal PROCEDURE Hand out the worksheet below (see the GET LESSON button near the bottom of … Continue reading What is Simple Interest? How to Calculate
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Categories Banking, Basic Money, Borrowing Money, Money Math, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 4th Grade, 5th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Learn the basics of how to create a personal budget, including 5 simple steps. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Income Spending Saving Budgeting PROCEDURE Hand out the worksheet below (see the GET LESSON button near the bottom of the page). Show … Continue reading How to Make a Budget – 5 Steps
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Categories Budgeting, Earning Money, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 7th Grade, 8th Grade, 9th Grade
Learn the basics of interest, how you earn interest, and compound interest. An introduction to interest rates. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Interest Interest Rates Saving Bank Loans PROCEDURE Hand out the worksheet below (see the GET LESSON button near the … Continue reading What is Interest? Introduction to Interest Rates.
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Categories Banking, Basic Money, Borrowing Money, Money Math, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 7th Grade, 8th Grade, 9th Grade
Learn the basics of a mortgage loan for buying a home, types of mortgage lenders, and types of mortgages. An introduction to mortgages. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Mortgages Purchasing a Home Home Loans Interest Rates Budgeting and Monthly Expenses PROCEDURE … Continue reading What is a Mortgage?
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Categories Banking, Borrowing Money, Budgeting, Real Estate, Tags 10th Grade, 11th Grade, 12th Grade, 7th Grade, 8th Grade, 9th Grade
What to expect as the Federal Reserve (the central bank of the United States) increases interest rates. How it impacts your budget, and your money. Understand why the Federal Reserve is increasing rates, so we all will see our borrowing costs potentially rise. Here are some ways that rate hikes could affect you, your money, … Continue reading What Interest Rate Increases Mean for You
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Categories Banking, Basic Money, Borrowing Money, Credit, Credit Cards, Economics, Saving & Investing, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
What is money? Economists differentiate among several different types. Learn about the four main types of money including commodity money, representative money, fiat money, and bank money. Also learn why intrinsic value is important for understanding the types of money. CONCEPTS Use this video lesson on the topic to discuss the basic economic concepts of … Continue reading Types of Money | Commodity, Representative, Fiat, and Bank Money
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Categories Banking, Basic Money, Economics, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
Learn what is money and what are its four main functions. Money serves all these functions: it is a medium for exchange, store of value, unit of account, and standard for deferred payments. CONCEPTS Use this video lesson on the topic to discuss the basic economic concepts of Money Barter Inflation PROCEDURE Hand out the … Continue reading Main Functions of Money
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Categories Banking, Basic Money, Economics, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
A dog goes shopping for dog food at Costco. A fun class or lesson starter for the YouTube and TikTok generation on the importance of spending money wisely. When shopping for groceries, we often spend more than necessary and buy more groceries than we can eat, and lose track of what we actually bought. A … Continue reading Mittens Shops at Costco | Spending and Budgeting
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Categories Budgeting, Saving & Investing, Spending Money, Tags 10th Grade, 11th Grade, 12th Grade, 6th Grade, 7th Grade, 8th Grade, 9th Grade
