The premise of Understanding by Design, the “backward-design” process developed by Grant Wiggins and Jay McTighe and published by the Association for Supervision and Curriculum Development (ASCD) is to start with the end in mind and work backwards from there. In doing so, you begin by asking what you want students to be able to do in the future with this knowledge. These are the Long-Transfer Goals. From there, we explore the main principles of Big Ideas of personal finance. For each Big Idea, there are Essential Questions that allow students to probe for deeper meaning. Within the Pennsylvania Instructional Framework for Personal Finance, these are the same across all grade levels. Differentiation by grade can be found in the core concepts and competencies which are aligned to the Pennsylvania Standards. In addition, the Grade Band and Grade Level summaries can be useful.
Transfer goals highlight the effective uses of understanding, knowledge, and skill that we seek in the long run; i.e., what we want students to be able to do when they confront new challenges — both in and outside of school. In the domain of personal finance, this means students will be able to independently use their learning to:
Make decisions related to managing personal financial resources, building earning capability, protecting assets, and adapting to unexpected events.
Apply sound financial decision-making principles through the many stages of life.
Exhibit mindful money management behaviors that benefit themselves and their families.
Big Ideas and Essential Questions
Money Management
Big Idea: Money management includes setting goals and developing a plan for how to spend, save, and share financial resources.
Essential Questions:
How do financial goals vary across a person’s lifetime?
In what ways does money management impact reaching financial goals?
What constitutes sound financial decision making?
How does organized record keeping impact finances?
In order to get students to think deeply and make meaning as they do, teachers guide their learning through the use of essential questions. Simply stated, a big idea is the answer to an essential question. One essential question can have many big ideas as the answer.
Examples of lesson-specific big ideas include: trade is one way to get the things you need or want; it works best when each person has something the other wants; families change and adapt to changes; the money people pay the government is called taxes.
Essential questions are overarching or topical questions that guide the lesson plan. In terms of lesson planning, these questions promote conceptual thinking and add coherence to a lesson.
Here are a few examples of big ideas from brands you know: Google: to organize the world's information and make it universally accessible and useful. Amazon: to be earth's most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online.
Essential questions meet the following criteria: They stimulate ongoing thinking and inquiry. They're arguable, with multiple plausible answers. They raise further questions.
Examples of Big Ideas: Courage, Fairness, Goals, Honesty, Hope,Integrity, Kindness, Respect, Teamwork… In our class I often prompt the students by providing the following sentence starter: “We are learning to have…” connections) we demonstrate a deeper understanding of the text.
Math Big Ideas are key math concepts that can be continually used to teach a variety of math skills/processes. Provides referential starting points for students when learning new math concepts/skills. Examples include "objects and groups", place-value, area, proportion, (part-whole relationships) estimations, etc.)
In Non-Fiction texts there may not be a Big Idea as the text is informational and only have a Main Idea (what the text is about). Examples of Big Ideas: Courage, Fairness, Goals, Honesty, Hope,Integrity, Kindness, Respect, Teamwork…
Introduction: My name is Dean Jakubowski Ret, I am a enthusiastic, friendly, homely, handsome, zealous, brainy, elegant person who loves writing and wants to share my knowledge and understanding with you.
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