Hello My Name Is...

<Mr. Gulotta>

<Developing Intellect, Integrity, and Ingenuity in All Students.>

 

Economics/Personal Finance Class  

Mr. Gulotta  

Email: gulottsl@pwcs.edu 

School Phone: 571 374 6600 extension 6888 

 

Welcome to the 2019-2020 school year at Independence Non-Traditional School.  My name is Mr. Gulotta and I will be your economics and personal finance teacher this year.  I am a graduate of the University of Texas and Texas A&M University and have been an educator for over 20 years. 

 

I am very happy to have you in class this year. We will be learning a lot of useful, real world skills like money management, how our free enterprise economic system works, credit, investing, and not the most popular topic-taxes! This document will tell you a lot of information that will help you to be successful. Please take the time to go over this with your parent or guardian so that you understand the expectations that I have for all my students. 

 

 

Class Learning Experiences: My goal as a teacher is to provide a variety of relative learning experiences which will include interactive discussions, problem solving, cooperative learning teams, summarization, vocabulary development, graphic organizers, simulations and games, on-line learning and video clips. 

 

Special Class Requirements: One of the requirements for the class is the completion of the online personal finance learning modules-EVERFI. Class time will be given to you to complete EVERFI, however, it may be necessary for you to complete these modules outside of school. Another requirement for graduation is passing the Career and Technical Education (CTE) Workplace Readiness Exam. We will  take time to prepare and learn all of the  of the needed skills to be a productive worker. 

Weekly Learning Objectives: 3/16/20

STUDENTS WILL EXPLAIN THE ROLE OF FINANCIAL MARKETS AND APPLY THE CONCEPTS OF LONG TERM INVESTING AND COMPOUNDING INTEREST

CHECK THE ECONOMICS PERSONAL FINANCE CLASS POWERPOINT NOTES THAT WERE EMAILED TO YOU AND CAN ALSO BE ACCESSED THROUGH THE USEFUL LINKS BUTTON

 

COMPLETE ANY MISSING/INCOMPLETE ASSIGNMENTS LISTED ON SLIDE 1 

 

COMPLETE THE INVESTING PORTFOLIO PROJECT ON SLIDES 45-50 

EMAIL me- gulottsl@pwcs.edu if you have any questions.

ECONOMICS/PERSONAL FINANCE STANDARDS TAUGHT AS OF 3/13/2020

 

SALVATORE L. GULOTTA

 

 

STANDARD EPF.1a

The student will demonstrate knowledge of basic economics concepts and structures by

describing how consumers, businesses, and government decision-makers face scarcity of resources and must make trade-offs and incur opportunity costs.

 

STANDARD EPF.1b

The student will demonstrate knowledge of basic economics concepts and structures by

explaining that choices often have long-run unintended consequences.

 

STANDARD EPF.1c

The student will demonstrate knowledge of basic economics concepts and structures by

describing how effective decision-making requires comparing the additional costs (marginal costs) and additional benefits (marginal benefits).

 

STANDARD EPF.1d

The student will demonstrate knowledge of basic economics concepts and structures by

identifying factors of production.

 

STANDARD EPF.1e

The student will demonstrate knowledge of basic economics concepts and structures by

comparing the characteristics of market, command, traditional, and mixed economies.

 

STANDARD EPF.1f

The student will demonstrate knowledge of basic economics concepts and structures by

identifying Adam Smith and describing the characteristics of a market economy

 

STANDARD EPF.2a

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

a)

describing how consumers, producers, workers, savers, investors, and citizens respond to incentives.

 

STANDARD EPF.2b

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

b)

explaining how businesses respond to consumer sovereignty.

 

STANDARD EPF.2c

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

c)

identifying the role of entrepreneurs.

STANDARD EPF.2d

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

d)

comparing the costs and benefits of different forms of business organization, including sole proprieto

d)

comparing the costs and benefits of different forms of business organization, including sole proprietorship, partnership, corporation,

franchise, and cooperative.

 

STANDARD EPF.2e

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

e)

describing how costs and revenues affect profit and supply.

 

STANDARD EPF.2g

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

g)

 

examining how investment in human capital, capital goods, and technology can improve productivity

g)

examining how investment in human capital, capital goods, and technology can improve productivity.

 

STANDARD EPF.2h

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

h)

describing the effects of competition on producers, sellers, and consumers.

STANDARD EPF.2i

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

i)

explaining why monopolies or collusion among sellers reduces competition and raises prices.

 

 

 

 

STANDARD EPF.2j

The student will demonstrate knowledge of the role of producers and consumers in a market economy by

j)

illustrating the circular flow of economic activity.

 

STANDARD EPF.6b

The student will demonstrate knowledge of the nation’s financial system by

b)

explaining the role of financial markets and financial institutions.

STANDARD EPF.8b

The student will demonstrate knowledge of the role of government in a market economy by

b)

identifying the role the government plays in providing a legal structure to protect property rights and enforce contracts.

STANDARD EPF.9a

The student will demonstrate knowledge of the global economy by

  1. explaining that when parties trade voluntarily, all benefit.

    STANDARD EPF.9c

    The student will demonstrate knowledge of the global economy by

  2. STANDARD EPF.10a
  3. The student will develop consumer skills by
  4. a) examining basic economic concepts and their relation to product prices and consumer spending.

    STANDARD EPF.10c

    The student will develop consumer skills by

    c) describing the steps in making a purchase decision, including the roles of marginal benefit and marginal cost.

     

    STANDARD EPF.10i

    The student will develop consumer skills by

    i)

    accessing reliable financial information from a variety of sources.

     

    STANDARD EPF.12a

    The student will demonstrate knowledge of banking transactions by

  1. comparing the types of financial institutions.

    STANDARD EPF.12b

    The student will demonstrate knowledge of banking transactions by

  2. examining how financial institutions affect personal financial planning.

     

    STANDARD EPF.12c

    The student will demonstrate knowledge of banking transactions by

  3. evaluating services and related costs associated with personal banking.

     

    STANDARD EPF.12d

    The student will demonstrate the knowledge of banking transactions by

    d) differentiating among types of electronic monetary transactions.

     

    STANDARD EPF.12e

    The student will demonstrate knowledge of banking transactions by

    e) preparing all forms necessary for opening and maintaining a checking and a savings account.

    STANDARD EPF.12g

    The student will demonstrate the knowledge of banking transactions by

    g) comparing costs and benefits of online and traditional banking.

     

    STANDARD EPF.15c

    The student will demonstrate knowledge of income earning and reporting by

  4. calculating net pay.

     

    STANDARD EPF.15d

    The student will demonstrate knowledge of income earning and reporting by

  5. investigating employee benefits and incentives.

    STANDARD EPF.15e

    The student will demonstrate knowledge of income earning and reporting by

  6. completing a standard W-4 form.

    STANDARD EPF.16e

    The student will demonstrate knowledge of taxes by

  1. explaining the content and purpose of a standard W-2 form.

STANDARD EPF.18a

The student will demonstrate knowledge of investment and savings planning by

  1. comparing the impact of simple interest vs. compound interest on savings.

    STANDARD EPF.18b

    The student will demonstrate knowledge of investment and savings planning by

  2. comparing and contrasting investment and savings options.

 

STANDARD EPF.18f

The student will demonstrate knowledge of investment and savings planning by

f) describing how the stock market works.









 



Daily Schedule

9:00 - 9:10  
9:10 - 9:20  
9:20 - 10:05  
10:10 - 10:55  
11:00 - 11:45  
11:45 - 12:15  
12:15 - 1:00  
1:00 - 1:45  
1:50 - 2:25  
2:35 - 3:25  
3:25 - 3:40
3:45 - 3:50
3:50 Dismissal