WebQuest

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Snapchat Is Going Public. Would You Buy Their IPO?

First an admission. I have never used Snapchat. Despite that, I thought their upcoming IPO would be a good hook to get students interested in how the stock market works. Before diving into the specifics of Snapchat (actually it is their parent company, SNAP, who is going public), here’s a good video from Wall Street Survivor that explains what an IPO is:

Questions:

Looking for Web Quests? Here Are 25 Great Ways To Teach Online Research!

What’s a Web Quest? We know how important it is for young people to learn to use the web as a research tool. In this era where the lines between advertising and editorial are increasingly blurred, students need to know where to look to find reliable sources of information and advice. They need to cast a skeptical eye and know the right questions to ask. Given all the information available out there, we need to give them practice so they can discern the signal from the noise.

That’s where these Web Quests come in. Each presents a central question for students to answer and some guidance on where they might find answers. Through these activities, they will learn about the business models of comparison websites, review legislation that impacts financial services or look for tips on how to improve their credit score. By teaching students how to drive their own learning, you are giving them an essential life skill too. Enjoy these 25 web quests (which appear as Activities in our various units)!

By |February 2nd, 2017|Research, Stocks, Teaching Strategies, WebQuest|

WebQuest: How To Protect that Credit (and Debit) Card!

I am always amazed when I am searching Google for interesting news stories about credit cards how frequently the articles detail how the “bad guys” manage to steal credit card information. Identity theft can seem like an adult problem to many teens (unless their parents or they have been personally victimized), so I thought this quick WebQuest might bring the topic home to them.  I thought it would be interesting to provide an update to my earlier 2015 post titled (apologies to Paul Simon) “50 Ways to Swipe Your Credit Card (or Debit Card) Number.”

So, here’s the assignment:

Article: Can The Credit Scoring System Be Fixed?

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I was thinking about this question recently for two reasons: 1) the $23 million fine that CFPB handed down to a few credit reporting agencies for deceptive marketing around credit scores and 2) As fewer millennials choose credit compared to debit, the number of credit invisibles increase. So, what can we learn from this article from the Atlantic (approximately 10 minutes in length)?

My notes:

  • Chicken or the egg problem with credit: “If you think about the credit-invisible population in this country, their ability to enter the financial mainstream and access affordable credit instead of payday lenders and pawnshops and check-cashing services is tied to what’s in their credit report,” says Michael Turner, the president of the Policy and Economic Research Council. “They’re caught in the credit catch-22: In order to qualify for credit you have to have already had credit.”
By |January 16th, 2017|Article, Credit Reports, Credit Scores, WebQuest|

Know Thy Source: Rule #1 in Digital Literacy

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Those who use NGPF resources know that we place a premium on teaching students how to navigate the web, discern credible sources of information and do the research required to make sound financial decisions. Occasionally we get pushback that our content should be “commercial free” and that linking to an online article that has ads anywhere on the page is “commercial” and students should not be subjected such distraction. Newsflash: The Internet has gone commercial. All that free content has to be paid for somehow. Isn’t it better that we teach students to be skeptical, critical thinkers about advertising instead of pretending that they can wall themselves off in an ad-free world. 

Question: Are Companies Starting Up In Your Community?

Answer: Great infographic from How Much? shows the percentage of jobs in a market created by start-up companies (defined as “as businesses that began operating in a particular year. There is no prior business activity associated with the startups.”). The bigger the circle, the higher the percentage of jobs that come from start-ups. 

Here’s the graphic:

Question: How Much Do Consumers Spend Annually on Product Warranties?

Answer (From Marketplace.org with 2 minute audio below): Over $42 Billion

Questions

Question: How Much Income Does A Household Need To Be In Top 1%?

A good interactive from CNN to stimulate discussion in your classroom and infuse some math too (hat tip to a teacher at JumpStart National Conference who pointed this out to me; sorry that I didn’t catch his name:). As you move the slider bar on the left, the point of the graph moves up to show the percentile ranking:

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  • Questions: