Learners will understand the economic concept of opportunity cost when making financial decisions.

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ACH-Count up the Cost

School:
Lealman Innovation Academy 
Subject:
Other 
Teacher:
Paulette Goolsby 
Students Impacted:
200 
Grade:
6-8 
Date:
September 15, 2017

0% Funded

 

 

Only $1,000.00 Needed

 

Goal

Learners will understand the economic concept of opportunity cost when making financial decisions. 

 

What will be done with my students

Count up the Cost financial literacy will be embedded in all of the middle school family and consumer sciences curriculum. All learners will create some type of business budget, may hire staff, or compute profit and loss. Learners will participate in a hands on business starting from reviewing the business plan through to financial analysis after sales. Other financial related variables will be explored including theft, damage, waste, and bad employee practices such as poor food safety practices.

6th graders learn about different careers and salaries, learners will make real life applications to salaries and lifestyle choices, including available prospects for careers. Learners will participate in different projects for various career clusters. Learners will also plan either a dream vacation or vacation for a client.

7th grade learners explore culinary careers and evaluate salaries job responsibilities and geographic location that influence finances. Learners also participate in project based learning, such as creating a food service business and hiring a staff to run it. Various financial decisions are made during these projects including budgeting for menus, comparative shopping to get the best value, analyze food cost and impact/unit pricing, developing budgets comparing scratch and process foods.

8th grade projects also include establishing food service businesses and comparative shopping techniques for the best value for the food dollar.
These learners will also need to consider a number of variable when planning their menu budget including nutritional need, schedules, aesthetics and food preferences. Analysis of regional, seasonal, and use of non-seasonal food will also factor into their financial considerations. 8th grade learners also have the opportunity to take and pass the Safe Staff Food handler certification and explore the personal and employer financial advantage of their certification.

All learners will also explore entrepreneurial business opportunities, and learn about career technical educational opportunities.
 

 

Benefits to my students

In our personalized, project based learning environment. Learners have exposure to authentic financial literate decisions, such as receiving higher learning opportunities and certifications during high school to save cost later. Through real world, authentic experiences learners are able to see the connections of math, reading, science, and financial literacy to their everyday life. In addition to real experiences such as planting and maintaining a garden, cooking and setting up business experiences, and participating in analysis of events such as hurricane relief efforts, learners also receive content from community experts, volunteers, and guest speakers. All of the decisions that learners make, have the underlying theme - opportunity cost. If they decide one thing, it will affect the other, so they have to decide what's more important to them, thereby becoming more financially literate with each decision made. 

 

Describe the Students

I have a diverse group of students including gifted, advanced, low performing, ESE, 504 and ELL. Right now, about 37% of my learners are either ESE, 504, or ELL. Most of my learners are level 1 or 2 on the Florida State Assessments and are in remediation for math and/or reading. A high percentage of learners are also over aged as we are in an alternative educational setting. 

 

Budget Narrative

Due to increasing number of students and age of present computers, I would like to request for 2 student laptop computers to add to existing computers. I am implementing Star Reward incentives and requesting $100 to provide incentives for learners as rewards in relation to financial literacy. As personalized learning and project based learning are implemented, learners have voice and choice with requested supplies to complete projects. Students also participate in food labs that require non-food items such as detergent, gloves, hair caps, dish detergent. These known and unknown items are to be covered by the remaining $150. 

 

Items

# Item Cost
1 Student Laptop Computer $375.00
2 Student Laptop Computer $375.00
3 Student Incentives $100.00
4 Supplies for Learner voice and choice and lab supplies $150.00
  Total: $1,000.00

0% Funded

 

 

Only $1,000.00 Needed

 

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