Food, Fuel, and Finance ...The 3Fs of Economics


Food, Fuel, and Finance...The 3Fs of Economics

Nearly half of U.S. high school students

say they do not know how to establish good

credit and more than one-fourth believe they

will be unprepared to manage their finances

upon graduation. This is according to recent

research that reveals a lack of financial

literacy among American youth.

But teachers and schools can now turn

to a dynamic interactive learning module,

Foundations of Finance, to introduce

students to fundamentals of personal

finance, such as saving, applying for student

loans and buying a car, among other features.

The module -- one of three aligned

with the Council for Economic Education’s

standards for economics -- is offered by CME

Group, the world’s leading and most diverse

derivatives marketplace, and Discovery

Education, the leading provider of digital

content and professional development for

K-12 classrooms.

Foundations of Finance also presents students

with fundamentals of economics using real-world

scenarios, interactive components, embedded

assessments, and accompanying Educator Guides.

The Foundations of Finance module is part

of an Econ Essentials trio of standards-aligned

educational modules that includes: The Facts

About Food, which lets students take a journey

from “farm to table” by serving as an advisor to a

farm, and Fueling the Future, which challenges

students to start a shuttle business.

In The Facts About Food module, students

learn how the supply chain and other global

factors influence supply and demand. They also

explore the role of economics in food prices as

well as what influences food prices.

With the Fueling the Future module,

students learn about supply and demand by

discovering how and why gas prices fluctuate

and the impact of changing gas prices on their

daily lives. Students apply their knowledge to

set a ticket price for their business to determine

if they make a profit.

Teachers find that the Econ Essentials

educational program helps their students

learn fundamental economic principles in an

engaging, digital environment.

“Students become equipped to make wise

decisions in both their public and private

lives, and also grow such important skills

as critical thinking, problem solving, media

and information literacy,” says Jackie Prester,

business and technology teacher at Mansfield

(Mass.) Public Schools.

More information about Foundations of Finance

and the food and fuel models are available at http://

www.econessentialsinschool.com NewsUSA

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