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Students are introduced to the roles of entrepreneur and investor in the context of starting a business through the book, Isabel’s Car Wash. After discussing the story, students are divided into entrepreneur and investor groups for a business start-up.
In this lesson, students will examine the Federal Reserve Act of 1913 and the establishment of the unique structure and functions of the Federal Reserve System.
Eight times per year, the Federal Reserve issues the Beige Book publication, a snapshot of business conditions in each of the Fed’s 12 regional Reserve Bank Districts. Students will collect economic information to write their own report.
The December 2017 issue of Page One Economics: Focus on Finance addresses the growth of credit bureaus and how the credit reports they maintain affect both creditors and borrowers.
The resources below can be used with high school students and young adults to help them understand and manage their paychecks and income. Teachers can use the resources for employees as reading materials.
Create a definition of entrepreneurs and their characteristics, and then read a story which follows a modern entrepreneurial family who grows cranberries. Learn to distinguish between entrepreneurs and employees and write a sequel to the story.
Through this lesson and role-play activity, students will become familiar with how to develop a business plan and the steps an entrepreneur should take to become a business owner. They will learn personal finance concepts that relate to entrepreneurship.