Money Matters

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Money Matters

• developing a financial literacy curriculum

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Financial Literacy Considerations

• Added as a graduation requirement in Utah
  beginning with the class of 2008
• Standards are quite extensive including major
  elements of personal financial management and
  planning, career planning, basic economics, and
  consumer awareness.
• Material can be dry including objectives like
  Discuss the history and role of credit.

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MoneyPlanner.com

• At this point, founders of The MoneyPlanner
  approached us and wanted us to develop a high
  school appropriate curriculum around their
  product line.
• It became apparent that the course they wanted
  was very similar to the course we knew we had to
  produce anyway.

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Items to Negotiate

• Who owns the course content?
• What uses can each party make of the content?
• Who markets the content?
• What acknowledgements are appropriate?
• Can the arrangement be terminated? How much
  notice is required?
• What will each party contribute to the
  relationship?

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Contributions

• Brigham Young University
• Writer to adapt high school appropriate content
• Assessment specialists to write questions
• Video specialists
• Animation/multimedia specialists
• Graphic artists
• Network of students who will probably purchase
  the course
• Royalty payment to The MoneyPlanner for use of
  materials and software
• BYU owns high school course content. If
  agreement is terminated, we will remove
  references to The MoneyPlanner and continue to
  use the curriculum

• The MoneyPlanner
• Content developed for adult learners made
  available to our author for use in creating the
  high school course
• Inexpensive (free to students, inexpensive to us
  - 10 per student) access to a sophisticated
  financial planning software package for students
• Marketing/publicity for our program through their
  adult seminar program
• Use of our high school content for use in an
  in-class workbook program
• Editors/content reviewers
• Special low rate for students who want to
  continue their subscription the TheMoneyPlanner
  Online

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The MoneyPlanner Online
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The BYU Curriculum

• Course written around state standards
• Media activities to personalize the learning
  experience and to emphasize the so what of
  the curriculum
• Workbook activities which can be done online in
  The MoneyPlanner or on paper

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The Online Course

• Financial Literacy 41
• Mastery Check exercises evaluate understanding of
  basic concepts
• Speedback Assignments ask students to apply
  concepts
• Making ense exercises relate learned material to
  the students personal experiences
• Media enlivens the presentation

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Assessments target high school concerns whenever
possible
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Video Introductions and Conclusions
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How is it Going So Far?

• Our partner has created an in class workbook
  based on our course which is being used in
  schools in Utah
• Our IS course launched August 31st with no
  advertising or fanfare. Enrollments moderate so
  far (20)
• Feedback from students so far is positive
• Possible course improvements are being examined

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What Have We Learned?

• Partner with those who share similar values
• Communicate expectations before beginning the
  project
• Clearly identify responsibilities of each partner
  in formal contracts
• Be flexible