• Economics Resources

     

    Retirement activity

    Life expectancy calculator
    Use this tool to estimate life expectancy based on many factors. You can answer based off your current life or what you think you might do.

    Bureau of Labor and Statistics site on average income
    This is a searchable tool that will give you incomes based off many professions. Look for the income you expect to be making.

    Retirement measurement tool
    This tool can be used to plug in your income, when you expect to retire, what percent of your 'current' income you like to live on, and what percent of your income you plan to save. The tool will calculate how long you will be able to live at the standard of living you list.
    Take the time to plug in your income, your age when you'll start working (22 for most of you) and what percent of your income you think you'd save. Go ahead and set the amount starting to $0. The other tool to adjust is what percent of your income you think you'd when you are retired. Realize that often you won't need near as much income, because you'll likely be done with house payments and you'll be on Medicare.
    If you'd like to play with the rates of return on investment, feel free.

    What you owe me:
    What was your life expectancy? (realize its just a statistical tool)
    What was your job and income?
    Based on your life expectancy and retirement age (choose 65 if you aren't sure), what percent of your income should you be saving?
    How does that compare to your expectations?

     

    What the Bagel Man Saw
    by Steven Levitt and Stephen J. Dubner

    Question: Do you feel the average person is generally honest? If you were to do a real life honesty test, do you think there would be a difference between people of different economic classes? After reading the article, how do Paul’s findings compare to your theories? What surprised you about the story he had to tell?

    20/20 presentation


    Crash course economics is a great review tool.

    Crash Course Economics


    World Trade

    Desert Island game


    Is Walmart good for America?

    What is your opinion of the outsourcing of American industries to other countries? What do you think will be the long run impact of this? (Back up your position with 3 factors, one of which must be purely economic)

    What policy would you suggest to the government to try to promote improving things for your position? Why?


    Car insurance tool

     


    Oh, Sweet Revenge
    Article on Dunkin Donuts, Krispy Kreme and Starbucks
    1. Which of the three businesses has the best long term potential? why?

    2. How does the article change your perception of the three businesses? why?

    3. Which of the three businesses has the worst long term potential? Why?


    Corporate project form

    http://www.sos.state.tx.us/corp/forms_boc.shtml
    First form is the one you need! How exciting!



    Credit card information from the FTC
    1. Give 5 pieces of advice to someone opening a new credit card
    Credit score information

    2. How can you improve your credit score?


      Interest rate activity

    Find the interest rates that your bank offers on the following:
    1. Savings account (if there are multiple pick the most basic)
    2. Checking (or other commercial) account
    3. Certificates of deposit
    Extra credit: find the current interest rate on an EE US savings bond.


    Retirement activity

    Life expectancy calculator
    Use this tool to estimate life expectancy based on many factors. You can answer based off your current life or what you think you might do.

    Bureau of Labor and Statistics site on average income
    This is a searchable tool that will give you incomes based off many professions. Look for the income you expect to be making.

    Retirement measurement tool
    This tool can be used to plug in your income, when you expect to retire, what percent of your 'current' income you like to live on, and what percent of your income you plan to save. The tool will calculate how long you will be able to live at the standard of living you list.
    Take the time to plug in your income, your age when you'll start working (22 for most of you) and what percent of your income you think you'd save. Go ahead and set the amount starting to $0. The other tool to adjust is what percent of your income you think you'd when you are retired. Realize that often you won't need near as much income, because you'll likely be done with house payments and you'll be on Medicare.
    If you'd like to play with the rates of return on investment, feel free.

    What you owe me:
    What was your life expectancy? (realize its just a statistical tool)
    What was your job and income?
    Based on your life expectancy and retirement age (choose 65 if you aren't sure), what percent of your income should you be saving?
    How does that compare to your expectations?

    Work life expectancy table
    Compound interest calculator


    Stock Columns activity 

    Select one investment from each of the columns and answer the questions below.

    Column A
    Coke (KO)
    Johnson and Johnson (JNJ)
    McDonalds (MCD)
    Walmart (WMT)
    Disney (DIS)
    Apple  (AAPL)

    Column B
    SiriusXM (SIRI)
    Chipotle (CMG)
    DineEquity (DIN)
    Luby’s (LUB)
    1800Flowers (FLWS)
    YOU PICK

    Column C
    Nasdaq 100 index (NASDX)
    USAA Inter Bond Index (USIBX)
    Fidelity Blue Chip Growth (FBGRX)
    T. Rowe Price Real Estate Fund (TRREX)
    TIAA-CREF Social Choice (TICRX)

     1. How much is one share in the investment worth?
    2. How much was it worth one year ago? Percent change?
    3. Does it pay dividends? How much?
    4. If the investment is a stock, would this be considered an income stock or a growth stock? 


    Mortgage activity

    Search websites like zillow.com and realtor.com for either an available house on the market that is of interest to you… 
    or you could look up the value of near where you live (or your own house)
    keep it under half of a million dollars if you can.

     Use a mortgage calculator to find the information below.

     Mortgage 1: 30 years. 4% APR
    Mortgage 2: 30 years. 7% APR
    Mortgage 3: 15 years. 4% APR
    Mortgage 4: 15 years. 7% APR

    1. How much is the house worth?
    2. How much would your monthly payments be at each interest rate?
    3. Multiply your monthly payments by 360.
    4. How much total interest did you pay on each loan?


     Investment Write Up

     Choose two companies to invest in for the next two months. They have to be publicly traded companies.
    Track the values of the companies and any news stories that might explain why stock value changes may take place.

    Answer the following for one of your companies:
    1. Why did you pick this company?
    2. How much money did you make/lose on this investment? Dollars and percent return.
    3. Why did this happen? (look at your company’s news events)
    4. Would you consider this investment a good long term idea?
    5. Why or why not?

     

    Film
    Ten Trillion and Counting
    1. Do you feel the government should be more concerned with causing economic growth or fighting the national debt? Why?
    2. What fiscal policies (taxing and spending) would you suggest to try to improve the economy? Why?
    3. Should the government provide the entitlements that it does? Why?


    Inside Job Questions:

    1. Explain two reasons why the crash of 2008 happened.
    2. Could the great recession have been avoided? If yes, how? If no, why not?
    3. What role did rating agencies play in the crash?


     Federal Reserve

    FEDERAL RESERVE VIDEO

    1. What are the three primary roles of the Fed? Describe each
    2. What are the three parts that make up the Federal Reserve system?
    3. How does the Fed enact Monetary Policy?

      


    Group Corporation Information

    Your group is responsible for designing an imaginary corporation. As a group you need to put together a presentation to advertise for your company. It is up to the group to decide what you are going to sell and how your business will be run. Please make it unique, do not simply copy a company’s aspects. THE GROUP ASPECT WILL BE PRESENTED TO THE CLASS. Your task will be to sell the company as an investment idea. 

                                                                                                                            Point Value

    Corporate Name and Purpose                                                                                        5
    (Explain what the company does or makes)

    Corporate Charter                                                                                                        5
    (Not for presentation, form you fill out to incorporate)

    Corporate Website                                                                                                        5
    (Describe and design (artistically) what your company’s website would look like).

    Corporate Mission                                                                                                        5
    (You might have to use your imagination.  What is the corporation trying to accomplish?)

    Products/Services                                                                                                        5
    (Tell about what the company sells or provides.)

    Benefits of employment/Other costs                                                                              5
    (What are the major costs of doing business as a company?)

    Investment                                                                                                                 5
    (Why would your company be a good long term investment? Does it pay dividends?)

    Presentation                                                                                                               10
    (Did you adequately present this material to the class)

    Artistic Presentation/Layout                                                                                          5