Business and Marketing Education

Performance Skill (Choose One): ●​ Students will participate in a stock market (or other forms of investing) simulation ●​ Prepare and analyze financial statements for an imaginary business

SCAFFOLDING IN ACTION Skill Building

Standard 1: Money Management for a Business or Individual ●​ Business Funding Pitch : Students create a simple business idea and choose how to fund it using options like owner’s equity, loans, selling stock, or crowdfunding. They present a short pitch explaining their choice and the risks and benefits involved. ●​ Debt Detective : In small groups, students research different types of personal and business debt. They create posters or skits showing the pros, cons, and interest rates for each, helping them understand borrowing decisions. ●​ Compound Interest Challenge : Using online calculators or a basic spreadsheet, students track how money grows with compound interest over time. They compare how different interest rates and savings timelines impact total earnings. ●​ Rule of 72 Relay : Students rotate through quick problem-solving stations using the Rule of 72 to calculate how long it takes for an investment to double at different rates. It’s a fast-paced way to grasp investment growth. ●​ Time Value of Money Puzzle : Students solve real-world word problems using the present value formula, learning how inflation and interest affect money’s value over time. They compare future amounts to today’s dollars using simplified numbers. ●​ Checks and Balances Simulation : Students run a classroom “store,” acting as cashiers and managers. They track transactions and perform daily deposit calculations to learn the importance of accurate money handling. Standard 2: Accounting ●​ Balance Sheet Building Blocks : Students use physical or digital items to represent a business’s assets, liabilities, and owner’s equity. They build a simple balance sheet, learning how each part contributes to the financial picture. ●​ Income Statement Detective : Students analyze a mock lemonade stand’s revenue and expenses to calculate net income. This gives them a practical example of how businesses measure profitability. ●​ Liquidity Race : In a categorization game, students rank various assets (like cash, vehicles, and inventory) by how quickly they can be turned into cash. The activity helps clarify the importance of liquidity in financial planning. Standard 3: Economics ●​ Wants vs. Needs Sort : Students sort items into “wants” and “needs,” discussing gray areas like smartphones or trendy clothes. This activity helps build budgeting awareness and prioritization skills. ●​ Supply and Demand Skit : Students role-play a real-time market day using limited resources (e.g., popular snacks or toys), watching how prices rise or fall based on supply and demand. They then graph their data to identify equilibrium.