Welcome to JA Biz Town Teacher Training JA

Welcome to JA Biz. Town Teacher Training

JA Capstone Programs Capstone is the culmination of classroom study. It provides on-site experiential activities that allow students to apply knowledge they learned in classrooms to real-world situations. JA Biz. Town – Elementary grades JA Finance Park – Middle and High School

Training Objectives By the end of training, you will understand: • The purpose of JA Biz. Town. • How to effectively use the curriculum. • Teacher responsibilities for a successful student visit. • Basic operation of the on-site simulation.

Benefits to Educators 1. Lessons are easy to use. 2. Minimal preparation time is needed. 3. Content is aligned with CCSS. 4. Curriculum is fun, interactive, and engaging. 5. Application and extension activities are in each lesson.

Student Goals 1. 2. 3. 4. 5. Demonstrate a basic understand of the free enterprise system. Build money management skills. Develop an understanding of basic business practices and responsibilities. Describe the role of citizenship, worker, producer, consumer, and philanthropy in the economy. Display the soft skills necessary for successful participation in the world of work.

Program Components • • • Teacher training Classroom instruction Volunteer training Student on-site visit Post-visit activities

JA Biz. Town Video 6

JA Biz. Town Curriculum Basics • Financial Literacy ü 4 class periods • Community and Economy ü 3 class periods • Work Readiness ü 2 class periods • Business Management ü 3 class periods • Simulation and Debrief

JA Biz. Town Curriculum Materials • • Teacher Guide Classroom Kit Citizen Guide (workbook) Online Resources

JA Biz. Town Classroom Kit

Curriculum Guide Tabs • • • Overview/Getting Started Financial Literacy Community and Economy Work Readiness JA Biz. Town Jobs Business Management Biz. Prep Visit and Debriefing Visit Information Volunteer Information

Overview/Getting Started Overview (Pages 3 -6) Program Goals, Experiential Learning, Economics Getting Started Materials (Pages 7 -9) Lesson Format (Pages 10 -16) Simulation Prep (Pages 17 -20) Timeline and Checklist (Pages 20 -23) Master List of Materials (Page 24)

Timeline – Implementation Option 1

Timeline – Implementation Option 2

Lesson Format – Unit Overview

Lesson Features

Lesson Features

Lesson Features

Lesson Features

Lesson Features

Lesson Features

Application/Extension Activities

Financial Literacy • Four core lessons ü 5 lessons in the past • Order flexibility ü Before or after Community and Economy lessons • Checks and electronic payment methods

Lesson One: Financial Institutions • Topic/Activities ü Services offered by financial institutions ü Connecting money and accounts • Scavenger hunt ü Financial services ads ü Banks in an Economy Poster • Bank account application Bank accounts

Lesson One • Application Activities ü Banking Bingo – bank services (game in kit) ü Vocabulary Review – (in Citizen Guide) • Extension Activities ü Choosing a Financial Institution - financial institution differences (in Citizen Guide) ü Bank Teller Computations – money skills (practice)

Lesson Two: Checking Accounts • Topic/Activities ü Endorse a check ü Complete a deposit ticket ü Record transactions in a check register ü Insufficient account balance consequences Two paychecks

Lesson Two • Application Activities ü Transaction Actions – deposit tickets/checkbook registers (in Citizen Guide) ü Paycheck Practice – endorsement/deposits (in Citizen Guide) • Extension Activities ü Direct Deposit – (local JA Area option) ü Gordon’s Bounced Check – (in Citizen Guide)

Lesson Three: Savings Accounts • Topic/Activities ü Check writing ü Benefits of saving ü Earning interest on savings $1. 50 saving required

Lesson Three • Application Activities ü $1 Million or Double the Pennies? (option for Getting Started) ü John’s Shopping Day – check writing/register (in Citizen Guide) ü Savings Plan – Inquiry based (Internet required) • Extension Activities ü Rule of 72 ü Compound Interest

Lesson Four: Debit Cards • Topic/Activities ü Debit card transactions ü Recording debit purchases in a check register ü Comparing various payment types ü Skill and vocabulary review Debit cards

Lesson Four • Application Activities ü Venn Diagram (compare/contrast) ü Let’s Go to the Bank • Extension Activities ü The Debit Card Transaction (in Citizen Guide) ü Interest in Your Favor (Internet option) (in Citizen Guide)

Unit Summary • Check It Out! ü Continuous scenarios • Family Newsletter ü Citizen Guide page • Assessment ü Optional ü Not included in Citizen Guide • CCSS References • Vocabulary

Community and Economy • Three core lessons • Order flexibility ü Before or after Financial Literacy lessons • Circular flow ü Organizing construct

Lesson One: Circular Flow of an Economy • Topic/Activities ü Vocabulary ü Citizenship ü Circular flow of economy • • Citizen Pledge Lemonade Stand activity ü Resources ü Circular flow demonstrated JA Biz. Town citizens

Lesson One • Application Activities ü Circular Flow Game (game cards in kit) ü My Business (in Citizen Guide) • Extension Activities ü Discovering Character Traits ü Code of Ethics

Lesson Two: Free Enterprise • Topic/Activities ü Businesses produce goods and services ü Scarcity ü Basic economic questions • Prototype production Production

Lesson Two • Application Activities ü What is Free Enterprise? (in Citizen Guide) (homework option) ü Jim’s Popcorn Daydream (in Citizen Guide) • Extension Activities ü Economic Freedoms Poster ü Family Resources (money cards in kit)

Lesson Three: Public Goods and Services • Topic/Activities ü ü Gross pay vs. net pay Taxes Public vs. private goods Philanthropy Taxes

Lesson Three • Application Activities ü Word Search ü Public and Private Goods and Services (in Citizen Guide) • Extension Activities ü Philanthropy

Unit Summary • Family Newsletter ü Citizen Guide page • Assessment ü Optional ü Not included in Citizen Guide • CCSS References • Vocabulary

Work Readiness • Two core lessons • Career exploration ü Interests/skills • JA Biz. Town Jobs Tab ü Local jobs ü Elections (Application Activity) ü Job interviews (Application Activity)

Lesson One: Interests and Skills • Topic/Activities ü ü Recognition of skills and interests Career types STEM careers Workplace behavior

Lesson One • Application Activities ü Career Types ü Education Pays Off (in Citizen Guide) • Extension Activities ü Soft Skills – Teamwork ü Soft Skills – Problem Solving

Lesson Two: Applying for a Job • Topic/Activities ü Job application ü Speed interviews ü Job interview evaluation

Lesson Two • Application Activities ü Job Interviews ü Elections • Extension Activities ü Writing a Resume ü Career Exploration

JA Biz. Town Jobs Tab • • • Staffing Model Job Descriptions Employment Letter Job Assignments Classified Ads

JA Biz. Town Staffing Model

JA Biz. Town Jobs – By Business

JA Biz. Town Jobs – Assignments • Fill positions based on group size • JA staff will specify priority for “between” group sizes • One student per line

JA Biz. Town Jobs – Employment

Business Management • Three core lessons ü Business expenses ü Price setting ü Visit preparation • Biz. Prep Tab ü Shop envelopes ü Budget ü Ads

Lesson One: Business Costs • Topic/Activities ü Customer service ü Budget – operating costs ü Payroll • Business Costs Sheet ü Business group ü CEO in charge

Lesson One • Application Activities ü Customer Service (in Citizen Guide) ü Ranking Criteria (in Citizen Guide) • Extension Activities ü Quality Task Committee (in Citizen Guide) ü Biz. Briefs (in Citizen Guide - businesses in simulation)

Lesson Two: Setting Prices • Topic/Activities ü ü Selling price Revenue Inventory Profit Divide products into equal groups – all students have same opportunity

Lesson Two • Application Activities ü Wants and Needs ü Business Costs and Profit (in Citizen Guide) • Extension Activities ü History Connection – Inquiry-Based Lesson (Internet required) ü Identity Theft

Lesson Three: Visit Preparation • Topic/Activities Advertisements Philanthropy Pledge Checkbook Prep Friendly Letters (Extension Activity) ü Letter to the Editor (Extension Activity) ü ü

Lesson Three • Application Activities ü Slogans and Logos ü Jingles • Extension Activities ü Friendly Letters ü Letters to the Editor

Student Checkbooks • Classroom preparation ü Name written on book and on checks and deposit tickets throughout ü Account number on checks and deposit tickets

Student Checkbooks • Ready for first visit to the bank ü First deposit ticket ready o Payroll taxes have been deducted o Cash back maximum of $2. 00 o Net deposit o Gross pay amounts: $9. 00, $8. 50, and $8. 00 o Net pay amounts: $8. 82, $8. 33, and $7. 84

Student Checkbooks • Deposit Ticket Caleb Lents 8 82 April 1 8 82 15 2 00 6 82 Caleb Lents 127

Student Checkbooks • First check and register transactions ü First check for savings o $1. 50 – required for each student o Pay to the order of “Bank” o Memo: savings account ü Check Register o Beginning balance is $0 o Two entries – net deposit and savings o Show math

Student Checkbooks • Check Register 4/1 0. 00 Deposit 1 Bank 8 82 + 8 82 1 50 - 1 50 7 32

Business Startup • CFO begins working ü Biz. Prep

Simulation Visit • 4½- to 5 -hour day • Volunteers ü 1 – 2 per business ü 1 hour before student arrival • Student Welcome

Business Startup • Students read and begin jobs

Business Startup • Pricing activity ü Nothing under $1. 00 ü Price popular items highest – record on inventory supply sheet ü Consider bank loan • Speech preparation ü CEOs may have opening speech template • Printing payroll (CFO) ü CEO signs/checks are filed ü Do NOT distribute yet!

Opening Town Meeting • Students gather in town center • Mayor’s welcome speech • CEO’s opening speeches

Staff Meeting #1 • All students and volunteers in business ü No one should be out in town! • CFO hands out first payroll check ü Endorse – remove stub ü Tear out deposit ticket and savings check • Remind students of break order • Remind students they must visit the bank before shopping or eating

Work/Break Rotations #1 • Three break sessions, 20 minutes each ü Red – Yellow – Green • Students on break go to bank first ü Teachers: help at banks • Students not on break continue to work – follow the job simulations • As income begins to come in, CFO to make deposits

Staff Meeting #2 • CFOs pass out second payroll check • Prepare students for next bank deposit ü Deposit ticket (no cash back) ü Enter net deposit in checkbook register • Discuss how things are going • Remind students that on their next break they will eat lunch and go shopping • Remind students to record purchases in their checkbook register

Work/Break Rotations #2 • Three break sessions, 30 minutes each ü Red – Yellow – Green • Students on break go to bank first • Students not on break continue to work – follow the job simulations • As income begins to come in, remind CFO to make deposits • Assist with Closing Town Meeting speech prep, if applicable

Business Cleanup • Final business deposits made to the bank • Business cleanup ü See list posted in business ü Students return uniforms, JA Biz. Town cash, break buttons, etc. • Unused materials and supplies remain • CFO prints accounting report • All paperwork goes in Biz. Prep envelope ü Including checkbooks – return to school

Closing Town Meeting • JA staff calls everyone to town center ü Students bring all personal belongings with them • Mayor leads meeting ü A few, specific CFOs/others give reports/speeches ü Students return uniforms, JA Biz. Town cash, break buttons, etc.

Reminders • Everyone brings a sack lunch ü No time to “go out” for lunch ü Teachers cover for volunteers during breaks • Teachers responsible for medications • Schedule transportation ASAP

Debriefing • One core lesson ü Team meeting ü Quality business ü Review

Debriefing • Application Activities ü Rank Your Business ü Biz. Quiz (game cards in classroom kit) ü Fact Tag • Extension Activities ü Business Letter (in Citizen Guide)

Teacher Resources • • Video – Introduce program Pre/Post-Test Posters Illustrations www. juniorachievement. org/web/programs

Questions?

Thank You! We’ll see you on simulation day – Be prepared for a day of fun!