What is Junior Achievement? A nonprofit dedicated to teaching students about: managing money working at a job owning a business.

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Presentation transcript:

What is Junior Achievement? A nonprofit dedicated to teaching students about: managing money working at a job owning a business

About Me Name Place of work Family Hobbies

JA Our Nation Today you will learn about: Free market economies How pricing guides economic decisions

Free to Choose Your Work or Business Lesson One

Discussion When you think about your future, what are you most excited about? Do you see yourself someday working for a company or for yourself? Why?

Discussion Name some successful businesses.

Goods Items that can be bought or sold.

Services Work done for others, like haircuts or car repairs.

Consumer Someone who buys goods and services.

Producer Someone who makes goods or provides services to others.

Free Market Economy A system in which goods and services are bought and sold freely with little government interference. Business are free to compete, set prices, and earn a profit.

Profit The amount of money left after all business expenses have been paid. Businesses rely on profits to hire workers, reward investors, and expand.

Discussion Name a few things you recently bought at a store. Prices guide consumers’ economic decisions. Producers respond to consumers’ choices by adjusting prices.

Competition Rivalry between two or more businesses striving for the same customer. Competition is what makes a free market system unique.

Activity – Prices 1.Each student will receive two sticky notes. 2.Take two items from your desk and place them on your desktop. 3.Think about the value of each item. How would you price it if you were to put it up for sale? 4.Decide on a price for each item and secretly write it on the sticky notes. 5.When directed, play the sticky notes next to your items. 6.Walk around the room and check out the prices. Make a mental note of what product you would buy based on its price. Be ready to explain.

Discussion Which item would you buy? Why would you choose that item over another? How might other prices affect your pricing? When it comes to pricing, how low can a business go? What would happen if a business priced an item lower than it actually paid for it? What would happen if there was just one ruler for sale but a lot of people who wanted it? Do you think businesses put a lot of thought into pricing their goods and services?

Free Market Economy Goods and services are available at an affordable price for consumers but at a level that lets businesses make a profit and grow.

Review Goods and services Consumers and producers Free market economy Profit The importance of pricing

Next time… we will learn about entrepreneurship and innovation!

Innovation Nation Lesson Two

Today we will learn about… Entrepreneurship How businesses use resources STEM skills Innovation

Review Goods and services Producers and consumers Free market economy Profit Why are pricing decisions so important?

Discussion Do you have an idea for a product or service that people might want? Could your idea become a business?

Entrepreneur What is an entrepreneur? A person who takes a risk to start a business with the intent of earning a profit. Think of a few words that describe an entrepreneur.

Entrepreneurship What is entrepreneurship? The innovative thinking needed to start and operate a business. A free market system encourages entrepreneurship.

Resources Capital resources – buildings, tools, machines, and money that businesses use to make products Human resources – people who need the work a business needs Natural resources – things a business needs that occur naturally, such as air, water, minerals and trees Businesses make choices everyday based on resource needs.

Resources – A Pencil Capital resources – the plant or factory where it is made and the actual tools to create it. Money. Human resources – the people who work the factory machines and sell the product. Natural resources – the trees, graphite, and clay to make the wood shell, core, and rubber eraser.

Skill Skill: The ability to do something well Technical Skill Jobs – defined as those related to science, technology, engineering, and mathematics, called STEM skills. Examples of technical skill jobs: Chemist Doctor Computer software engineer Construction manager Architect Statistician

Innovation An improvement of an existing product or method. Can you think of an example of innovation?

Activity - Innovation Turn to a partner and discuss a product or service that interests you and then brainstorm a way to improve it.

Activity - Innovation 1.Get into 8 groups. Each group will receive an Our Innovation Nation Topic Card. Read your card as a group. 2.Develop a plan to improve a new product or service based on your card. a. Define the problem b. Brainstorm a solution c. Formulate an idea to develop 3.Sketch a design for your new product. 4.If time allows, we will present our innovations.

Review How do entrepreneurs help consumers? What is the reward for many entrepreneurs? Businesses need resources to make products. Can you name the 3 types of resources? If you had to explain to someone why STEM skills are important skills for future jobs, what would you say? What small experiment could you do to test your innovation idea? You are developing skills in school to help you find a great job in the future!

JA Our Nation

Next time… We will learn about careers and skills!

Career Quest Lesson Three

Today we will learn about… Careers The skills necessary for different careers

Review Entrepreneurship Resources STEM Skills Innovation

Discussion Imagine someone asked you to open a new elementary school. What jobs would be necessary? What skills do you think a fifth-grade teacher needs? What kind of career do you want to learn more about?

High-growth, high-demand jobs Jobs projected to add large numbers of employees to the workforce Many of these jobs require the use of technology. Technology is the use of machinery, equipment, and processes. Technology has changed the way most businesses operate!

Interests The things you like and enjoy. You can begin considering the types of careers that match your interests today!

Two-Minute Interview With A Neighbor Interview Questions What interests you? Why do you enjoy it? What is something unique about you that most people don’t know? Do you have a hobby? What job do you see yourself doing in the future?

Career Clusters What is a career cluster? A grouping of jobs and industries related by skills or products. Example: Education and Training jobs include: teacher, principal, librarian, counselor.

Activity – Career Cluster Trading Cards Career Cluster Trading Cards 1.I will read aloud one of the career cluster titles. Imagine yourself as a ______. 2.If you may be interested in one of these careers, stand by me. If you aren’t sure, ask for more information. 3.I will move on to 3 or 4 more cards. Stand by the career cards of your choice!

Activity – Career Quest 1.Separate into groups of Walk with fliers in hand to the closest card. 3.Read the title and information about two career clusters. 4.Answer the questions found on Page 3 of your fliers. 5.Continue to other cards. 6.We will share our answers in about 15 minutes! 7.Career ID Bookmark

Activity – Discussion Which career cluster interested you? Which job in that cluster had special appeal? Does that job match your interests? Will you need a college degree or special training? How long might that take?

Review High-growth high-demand jobs The effects of technology Career clusters What are three things you are learning in school today that will help you prepare for a job in the future?

Next time… We will learn about applying and interviewing for jobs!

Get and Keep the Job! Lesson Four

Today we will learn about… The necessary skills to apply for jobs!

Review High-growth high-demand jobs The effects of technology Career clusters

Discussion Someone has decided to hire you for a job. Describe the job and why you are perfect for it. How will you prove that you are qualified? What are some of the qualifications needed for jobs that your siblings or friends have?

Employees and Employers Employees: people who work for businesses Employers: Businesses that hire workers

Resume A written summary of a person’s education, work experience, and skills. Job seekers usually present their skills to a potential employer with a resume. Look at the simplified resume on Page 1 of your flier.

Soft Skills Personal attributes and abilities that are needed in most jobs. Example: Employee cares about the job, works well with others, and has integrity and discipline.

Communication A written or spoken exchanges between people to share information. Businesses need people with strong communication skills.

Job Interview A discussion between a potential employee and employer to help decide if a job is a good match.

Job Interview A discussion between a potential employee and employer to help decide if a job is a good match. I will need a volunteer for a job interview demonstration!

Activity – Board Game 1.We will separate into 8 groups. 2.Place game pieces on START. Stack the Get and Keep the Job! Game Cards on the board. 3.Take turns rolling the die. Player who rolls highest starts. Play continues clockwise. 4.Record the skills and points gained on Page 2 of your flier. 5.Follow directions when you land on a Pick a Card space. 6.Add up the points at the end of play. The player who collects the most points wins!

Review Employees and employers Resume Soft skills and communication Job interview

Next time… We will learn about global competition!

Global Connections Lesson Five

Today we will learn about… The global marketplace and competition!

Review Employees and employers Resume Soft skills and communication Job interview

Discussion – Global Marketplace 95% of the world’s customers live outside of the U.S. With the global marketplace in mind, does a neighborhood bookstore or amazon.com have more customers? Why? What are advantages of a global marketplace to customers? What are the advantages for U.S. businesses?

Trade The process of buying and selling

Global Connections Exercise Open your flier to the world map inside. Listen to the following statements and find the countries I mention on your map. Draw a line from the country to the United States.

Global Connections Exercise Open your flier to the world map inside. Listen to the following statements and find the countries I mention on your map. Draw a line from the country to the United States.

Specialization Choosing to focus on one or a few products Example: Florida specializes in growing citrus fruits and making products from those fruits. Specialization lowers the cost of production and allows businesses in many countries to buy and sell with one another.

Opportunity Cost The next best alternative given up when making a choice.

Activity – Mystery Puzzle Cards 1.Each sheet illustrates a single product that uses resources from six countries 2.Pull out one card. Walk around the room and search for other students who have a puzzle card you think matches your own. 3.Once you have discovered your product, stay in your group and discuss the resources and countries needed to produce that product. 4.Appoint a spokesperson to share with the class.

Review Many products we buy use resources from around the world and different resources come from different countries. Using resources from other countries can lower business costs of making a product and increase profit.

JA Our Nation Review Free market economy Profit Entrepreneurship and Innovation High-growth high-demand jobs Resumes and job interviews The global marketplace and trading Opportunity cost

JA Our Nation Review Free market economy Profit Entrepreneurship and Innovation High-growth high-demand jobs Resumes and job interviews The global marketplace and trading Opportunity cost

Certificate of Achievement