Investing Risks and Rewards

Thursday May 24, 2012 – Periods 1 & 3
Wednesday May 30, 2012 – Periods 4 & 6

Today we learned about the relationship between risk and reward in investing. Risk exists in all investments. In investing, there are risks you cannot control. However, some risks can be controlled. The key is to develop a risk-reward ration with which you are comfortable. Remeber, the higher the risk, the greater the potential reward. You will learn about the five types  of investing risks and then compare the risks and rewards of several of the mopst frequently used types of investments.

Spending and Saving

Tuesday May 22, 2012 – Periods 1 & 3
Wednesday May 23, 2012 – Periods 4 & 6

Today we examined the concepts of benefit and opportunity cost in spending and saving. We learned how compund interest makes savings grow. Compounding provides an incentive to save or invest early. Because of compounding, the bemefit of early saving and investing when you are young increases in greater proportion than the opportunity cost.

Managing Your Money

Friday May 18, 2012 – Periods 1 & 3
Monday May 21, 2012 – Periods 4 & 6

Today we learned how to set up a simple budget. A budget is a device for keeping track of your income and expenses. You begin by making a list of your income and expenses. After making the list, you subtract your expenses from your income. If there is any surplus cash, you can plan how you will use it. Sacrifices can be difficult to make , especially when the costs must be paid in the short term and most of the benefits occur in the future.

How to be a Millionaire

Wednesday May 16, 2012 – Periods 1 & 3
Thursday May 17, 2012 – Periods 4 & 6

Today we learned the characteristics of millionaires and successful strategies  for becoming a millionaire. Achieving personal wealth involves planning and making sound choices, such as getting a good education, spending wisely, saving early and often, and taking prudent risks.The lesson is not that the only goal in life is to become rich. But that people are unlikely to achieve wealth without self discipline.

Financial Planning

Monday May 14, 2012 – Periods 1 & 3
Tuesday May 15, 2012 – Periods 4 & 6

Today we explored our financial planning strategies by describing our financial plan. Then we took the economic test of financial literacy. Next we read the “There Is No Such Thing as a Free Lunch” letter and we then discussed how the study of economics and personal finance can lead to making choices that can improve our lives.

IES Mini Summit

Thursday May 10,2012 – Periods 1 & 3
Friday May 11, 2012 – Periods 4 & 6

Student teams representing the nations of the world implement their strategic plan through activities such as country alliance negotiations, invest in long term development projects, interact with global economic institutions, and an international export-import trading session.

2012 IES Mini Summit
1. Mongolia – p.3
2. Bosnia and Herzegovina – p.1
3. Senegal – p.3
4. Laos – p.4
5. Ecuador – p.4
6. Mozambique – p.3
7. Austria – p.1
8. Costa Rica – p.4
9. Czech Republic – p.1
10. Colombia – p.1
11. Luxembourg – p.4
12. Brazil – p.1
13. Gabon – p.6
14. Mexico – p.6
15. Spain – p.6
16. Norway – p.6
17. Estonia – p.4
18. Bangladesh – p.6
19. Latvia – p.6
20. Hungary – p.6
21. Botswana – p.1
22. Uruguay – p.3
23. Japan – p.3
24. Bulgaria – p.4
25. Indonesia – p.6
26. Namibia – p.1
27. United Kingdom – p.6
28. South Korea – p.4
29 Ukraine – p.4
30. Netherlands – p.1
31. Thailand – p.3
32. Albania – p.1
33. Romania – p.1
34. Iran – p.3
35. Azerbaijan – p.6
36. New Zealand – p.3
37. China – p.4
38. El Salvador – p.4
39. Morocco – p.3
40. Kazakhstan – p.3

IES Flag and Country Geography Quiz

Tuesday May 8, 2012 – Periods 1 & 3
Wednesday May 9, 2012 – Periods 4 & 6

  Today the country advisors groups took their flag and country geography quizzes. After the quizzes, we did final prep work for our mini summit Thursday of Friday. Teams worked on completing their table displays and costumes.