Performance Based Learning: Using Your Mobile Phone for Financial Management and Decision Making

Educator engages students in performance based learning to introduce mobile phones as a tool for financial management and decision making.
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About this Micro-credential

Key Method

The educator utilizes performance-based learning to facilitate students learning to use their mobile phones as a tool for financial management and decision-making.

Method Components

What is performance-based learning?

Performance-based learning and assessment represent a set of strategies for the acquisition and application of knowledge, skills, and work habits through the performance of tasks that are meaningful and engaging to students.

Components of a performance-based learning activity:

  • Requires students to use high-level thinking to perform, create, or produce something with transferable real-world application.
  • Performance tasks should be interesting to the student.
  • Performance tasks should be well connected to the important content, process skills, and work habits of the curriculum.

Suggested Implementation:

  1. Introduce students to research exhibiting why mobile phones can be an effective tool for financial management and financial decision-making.
  2. Students review articles that explain various ways a mobile phone could be used for financial management and financial decision-making
  3. Students use a review guide with a checklist to explore and review mobile applications relevant to their current financial lives. Students can download mobile applications to their mobile phones.

Research & Resources

Supporting Research

Resources

Example mobile applications that can be used by teens for financial management and financial decision-making:

Research exhibiting why mobile phones can be an effective tool for financial management and financial decision-making:

  • Consumers and Mobile Financial Services 2016. Rep. Board of Governors of the Federal Reserve System, Mar. 2016. Web. 20 Apr. 2016.
    http://bit.ly/21W9F81

  • Kadlec, Dan. “Why Your Teens Would Share a Car But Not a Cellphone | TIME.com.” Business Money Why Your Teens Would Share a Car But Not a Cellphone. TIME, 29 Jan. 2014. Web. 20 Apr. 2016.
    http://ti.me/1egoBsa

Submission Requirements

Submission Guidelines & Evaluation Criteria

The items in this following section detail what must be submitted for evaluation. To earn the micro-credential, you must receive a passing evaluation for Parts 1, 3 and 4, and a “Yes” for both artifacts submitted for Part 2.

Part 1. Overview Questions

(200-word limit):

  • How did you use background knowledge to set up this lesson about using a mobile phone for financial management and financial decision-making?

Part 2. Work Examples/Artifacts

Provide two student artifacts of review guides. You must earn a “Yes” score for this portion of the total submission in order to earn the micro-credential.

Part 3. Student Reflection

Please include reflections from three students who completed the activity submitted in Part 2, using the following questions as guidance for the students (300-word limit each):

  • What applications did you explore that can aid in managing your day-to-day financial decisions?
  • What applications did you select that can aid in managing your day-to-day financial decisions, and why did you select the applications?

Part 4. Teacher Reflection

Provide a reflection of what you learned, using the following questions as guidance (150-word limit):

  • How did this technique help you communicate this personal finance content to your students?
  • Which other personal finance topics can this teaching technique be used for in the classroom?

Part 5. Survey (Optional)

Please answer a brief survey about your experience teaching personal finance. Your responses will:

  • help us understand barriers personal finance teachers face;
  • and help us improve the resources being offered to personal finance educators
https://www.research.net/r/GFLEC4DP1

We appreciate your help.

Except where otherwise noted, this work is licensed under:
Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
http://creativecommons.org/licenses/by-nc-nd/4.0/

Requirements

Download to access the requirements and scoring guide for this micro-credential.
How to prepare for and earn this micro-credential - in a downloadable PDF document

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