Financial Literacy - UnLock Math

UnLock Math Curriculum

Financial Literacy

Coming Soon! Financial Literacy is a unique course that uses mathematics to illustrate key principles of personal finance. The course also provides an introduction to financial accounting and business math. Upon the completion of Financial Literacy, students will be able to begin their young adult lives with confidence. They will be prepared to file their taxes, keep within their budgets and set financial goals to push their lives and careers forwards. They will also have a better understanding of what to expect as an adult when it comes to paying bills, obtaining a degree, buying their first vehicle or buying a home. This course has been designed as a high school math course. Part I: Foundations of Financial Literacy provides a math background to ensure success for all students in the course regardless of grade level. Part II: The Financial System provides an overview of how money moves in our world. Part III: Managing Your Finances gives students an idea of how to manage day-to-day finances, long-term debts and savings goals. Part IV: Applications of Financial Literacy uses financial math in the context of business. The final unit takes a deep dive into some of the larger financial decisions that young adults make.

Unit 1

Prerequisite Skills

1. 1.1 1.1 Review of Fractions
2. 1.2 1.2 Review of Decimals
3. 1.3 1.3 Review of Percent
4. 1.4 1.4 Ratio and Proportion
5. 1.5 1.5 Means and Medians
6. 1.6 1.6 Order of Operations
7. 1.7 1.7 Evaluating Expressions Using Substitution
8. 1.8 1.8 Multistep Equations and the Distributive Property
9. 1.9 1.8 Multistep Equations and the Distributive Property
10. 1.10 1.10 Simplifying Algebraic Expressions with Exponents
11. 1.11 1.11 Solving Systems of Equations by Substitution
12. 1.12 1.12 Evaluating Logarithmic Functions
13. 1.13 1.13 Using Your Calculator
14. 1.14 1.14 Financial Math Conventions

Unit 2

Basic Financial Concepts

1. 2.1 2.1 Unit Price
2. 2.2 2.2 Discount
3. 2.3 2.3 Sales Tax
4. 2.4 2.4 Tips and Gratuities
5. 2.5 2.5 Simple Interest
6. 2.6 2.6 Compound Interest
7. 2.7 2.7 Compound Interest II
8. 2.8 2.8 Compound Interest III
9. 2.9 2.9 Compound Interest IV
10. 2.10 2.10 Effective Interest Rate

Unit 3

Basic Financial Concepts II

1. 3.1 3.1 Assets
2. 3.2 3.2 Straight Line Depreciation
3. 3.3 3.3 Double Declining Balance Depreciation
4. 3.4 3.4 Sum of Years' Digits Depreciation
5. 3.5 3.5 Units of Production Depreciation
6. 3.6 3.6 Introduction to Amortization

Unit 4

Money and Finances

1. 4.1 4.1 Introduction to Money and Finances
2. 4.2 4.2 Methods of Payment and Types of Accounts
3. 4.3 4.3 Time Value of Money
4. 4.4 4.4 Present Value of an Annuity
5. 4.5 4.5 Future Value of an Annuity
6. 4.6 4.6 Net Present Value
7. 4.7 4.7 Perpetuity
8. 4.8 4.8 Inflation
9. 4.9 4.9 The Rule of 72
10. 4.10 4.10 Currencies and Exchange Rates

Unit 5

Financial Accounting

1. 5.1 5.1 Introduction to Financial Accounting
2. 5.2 5.2 Debits and Credits
3. 5.3 5.3 Journal Entries
4. 5.4 5.4 Balance Sheets
5. 5.5 5.5 Income Statements
6. 5.6 5.6 Financial Ratios
7. 5.7 5.7 Bonds

Unit 6

Banking and Investing

1. 6.1 6.1 Introduction to Banking and Investing
2. 6.2 6.2 Banking 101
3. 6.3 6.3 Investing 101
4. 6.4 6.4 Financial Instruments
5. 6.5 6.5 Financial Instruments II
6. 6.6 6.6 Investment Portfolios - Diversification
7. 6.7 6.7 Investment Portfolios II - Risk and Market Fluctuations
8. 6.8 6.8 Investing vs. Paying Debt
9. 6.9 6.9 Investing in Markets

Unit 7

Debt and Borrowing

1. 7.1 7.1 Introduction to Debt and Borrowing
2. 7.2 7.2 Credit Cards
3. 7.3 7.3 Lines of Credit
4. 7.4 7.4 Payday Loans
5. 7.5 7.5 Student Loans
6. 7.6 7.6 Mortgages and Amortization
7. 7.7 7.7 Mortgages and Amortization II
8. 7.8 7.8 Mortgages and Amortization III
9. 7.9 7.9 Debt Consolidation.docx

Unit 8

Taxes and Savings

1. 8.1 8.1 Introduction to Taxes and Savings
2. 8.2 8.2 Doing Your Taxes
3. 8.3 8.3 Reducing Your Tax Burden
4. 8.4 8.4 Progressive and Regressive Taxes
5. 8.5 8.5 Roth IRA Accounts
6. 8.6 8.6 Traditional IRAs and 401(k) Plans
7. 8.7 8.7 Investing Through Savings Vehicles
8. 8.8 8.8 Choosing a Savings Vehicle
9. 8.9 8.9 529 Plans

Unit 9

Personal Finance

1. 9.1 9.1 Introduction to Personal Finance
2. 9.2 9.2 Making Money
3. 9.3 9.3 Making Money II
4. 9.4 9.4 Saving Money
5. 9.5 9.5 Emergency Funds
6. 9.6 9.6 Financial Goals
7. 9.7 9.7 Financial Decision Making
8. 9.8 9.8 Budgeting and Financial Planning
9. 9.9 9.9 Consumer Contracts and Loyalty Programs
10. 9.10 9.10 Digital Finance Solutions
11. 9.11 9.11 Low-Income Costs
12. 9.12 9.12 Net Worth

Unit 10

1. 10.1 10.1 Introduction to Mathematical Applications in Business
2. 10.2 10.2 Linear Programming
3. 10.3 10.3 Production Functions
4. 10.4 10.4 Marginal Product and Average Product
5. 10.5 10.5 Cost Functions
6. 10.6 10.6 Marginal Cost and Average Costs
7. 10.7 10.7 Production Maximization
8. 10.8 10.8 Cost Minimization

Unit 11

Final Applications of Financial Literacy

1. 11.1 11.1 Moving Out
2. 11.2 11.2 Paying Bills
3. 11.3 11.3 Post-Secondary Education Costs
4. 11.4 11.4 Choosing a Career