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Dec 4, 2013 (3 years and 8 months ago)

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T
EACHING

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INANCE

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ODAY
:

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TANDARDS
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ASED

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PPROACH


April J. Miller

MBA Research and Curriculum Center

T
EACHING

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INANCE

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ODAY
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PPROACH


Focusing on specific research
-
based,
industry
-
validated learning
outcomes


Holding students accountable for
their learning

2

P
REPARING

S
TUDENTS

FOR

THE

“R
EAL

W
ORLD
” M
EANS
:

T
EACHING

F
INANCE

TODAY
:

A S
TANDARDS
-
B
ASED

A
PPROACH


Secondary research


Development of performance indicator list


Executive panels by cluster


One
-
on
-
one interviews


Industry focus groups

group interviews


Synthesis of data


Product development

3

MBA R
ESEARCH

S

P
ROCESS

FOR

R
ESEARCH

T
EACHING

F
INANCE

T
ODAY
:

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TANDARDS
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ASED

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PPROACH

Business Administration

Curriculum Framework

4

T
HE

S
TANDARDS

5

Marketing

Management
/

Administration

Hospitality/

Tourism

MarkED
2004





6

Business Administration

Marketing


Management/

Administration

Finance

Hospitality

Business

Administration

Core







7

Business Administration Core

Content Common Across Clusters

Finance Hospitality Management/Administration Marketing

Tier

1





8

9

Business Administration Core

Content Common Across Clusters

Finance Hospitality Management/Administration Marketing

Tier 1

Tier 2

Cluster Core

Content Common Across


Pathways in One Cluster





10

Finance Cluster


. . . includes career
opportunities related to
making strategic decisions to
report, obtain, save, protect,
and grow the financial assets
of businesses and
individuals.

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12

Business Administration Core

Content Common Across Clusters

Finance Hospitality Management/Administration Marketing

Tier 1

Tier 2

Cluster Core

Content Common to Individual Cluster


Tier 3

Pathway

Content Common to


One Pathway





13

Finance Pathways

Accounting
Corporate
Finance
Banking
Services
Insurance
Investments
14

Accounting


. . . encompasses careers that
record, classify, summarize,
analyze, and communicate a
business’s financial
information/ business
transactions for use in
management decision
-
making.

15

Corporate Finance

. . . careers that manage


policy and strategy for (and
the implementation of) capital
structure, budgeting,
acquisition and investment,
financial modeling and
planning, funding, dividends
and taxation.

16

Banking Services

. . . jobs concerned with
accepting deposits, lending
funds, and extending credit,
banking services include
cash management, short
-
term investments, mortgages
and other loans, credits
cards, and bill payment.


17

Insurance


. . . exists to protect
individuals and businesses
from financial losses; delivers
“products” that transfer risk
from an individual or business
to an insurance company.




18

Securities and
Investments

. . . consists of jobs that support
the flow of funds from investors to
companies and institutions.
Related services include financial
planning, asset management,
hedge fund management, and
custody services.

19

Tier 1

Tier 2

Tier 3

Pathway

Content Common to Jobs
in
One Pathway

Tier 4

Specialties

Cluster Core


Content Common Across

All Pathways in Cluster

Business Administration Core

Content Common Across Clusters

Finance Hospitality Management/Administration Marketing





20

T
EACHING

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INANCE

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ODAY
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TANDARDS
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ASED

A
PPROACH


Standards

(Knowledge and Skill Statements)


Identify what students should know & be
able to do


Encapsulate overarching intent/purpose
of work function

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T
HE

S
TANDARDS
:

O
RGANIZATION

OF

C
ONTENT

T
EACHING

F
INANCE

T
ODAY
:

A S
TANDARDS
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B
ASED

A
PPROACH


Standards

(Knowledge and Skill Statements)


Performance Elements


Are broad
-
based work or cognitive performances


Aid in defining the Standards

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T
HE

S
TANDARDS
:

O
RGANIZATION

OF

C
ONTENT

T
EACHING

F
INANCE

T
ODAY
:

A S
TANDARDS
-
B
ASED

A
PPROACH


Standards

(Knowledge and Skill Statements)


Performance Elements


Performance Indicators


Are specific work
-
based actions


Specify what individual worker must know or be able to do


Are measurable

23

T
HE

S
TANDARDS
:

O
RGANIZATION

OF

C
ONTENT

T
EACHING

F
INANCE

T
ODAY
:

A S
TANDARDS
-
B
ASED

A
PPROACH


Standards

(Knowledge and Skill Statements)


Performance Elements


Performance
Indicators


Are
specific work
-
based actions


Specify what individual worker must know or be able to do


Are
measurable


Objectives


The “fine print”


Define performance indicators


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T
HE

S
TANDARDS
:

O
RGANIZATION

OF

C
ONTENT



Alphabetized instructional areas



Performance Elements sequenced in


recommended order of instruction



Performance Indicators in recommended


order of instruction within each


Performance Element



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T
HE

S
TANDARDS
:

W
HEN

TO

T
EACH

I
T

T
EACHING

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INANCE

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ODAY
:

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TANDARDS
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ASED

A
PPROACH

T
HE

S
TANDARDS
:

C
URRICULUM

P
LANNING

L
EVELS







• Owner (ON)






• Manager (MN)





• Supervisor (SU)




• Specialist (SP)



• Career
-
sustaining (CS)

• Prerequisite (PQ)












Simple


Complex/Advanced

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T
EACHING

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INANCE

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ODAY
:

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ASED

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PPROACH


Move simple to complex


Move general to specialized


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T
HE

S
TANDARDS
:

W
HEN

TO

T
EACH

I
T

T
EACHING

F
INANCE

T
ODAY
:

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TANDARDS
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B
ASED

A
PPROACH


A total instructional system based on
industry research



28

H
ELP

WITH

W
HAT

TO

T
EACH

A
ND

W
HEN

P
ROGRAM

OF

S
TUDY

R
ESOURCE

K
ITS


Entrepreneurship


Finance


Management and Administration


Marketing

29

T
EACHING

F
INANCE

T
ODAY
:

A S
TANDARDS
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ASED

A
PPROACH


Grid
of foundational and career courses for grades
9
-
14


Academic
requirements ≥ typical graduation
requirements


Career
courses in grades 9
-
14


Become
greater portion of overall curriculum


Increase
in complexity and
specificity



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P
ROGRAM

OF

S
TUDY

R
ESOURCE

K
IT

C
OMPONENTS

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EACHING

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INANCE

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ODAY
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ASED

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PPROACH


Career Courses


Include a course description


Provide
performance indicators drawn from our
national
standards



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P
ROGRAM

OF

S
TUDY

R
ESOURCE

K
IT

C
OMPONENTS

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EACHING

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INANCE

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ODAY
:

A S
TANDARDS
-
B
ASED

A
PPROACH


Identify
opportunities for alternative
assessment


Suggest
CTSO involvement and
activities


Describe
experiential
learning


Recommend
business community
involvement


Include professional associations and organizations


Identify certifications



32

P
ROGRAM

OF

S
TUDY

R
ESOURCE

K
IT

C
OMPONENTS


Job opportunities at multiple educational exit
points


Listing of articulated courses


Academic integration


Guidance counseling guide


Student brochure


Promotional flyers for each course



33

P
ROGRAM

OF

S
TUDY

R
ESOURCE

K
IT

C
OMPONENTS

T
EACHING

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INANCE

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ODAY
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ASED

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PPROACH

T
EACHING

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INANCE

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ODAY
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ASED

A
PPROACH


Leadership


Personal Finance


Business and Marketing Essentials


Introduction to Finance



34

C
OURSE

P
ROFILES

FOR

THE

F
INANCE

P
ROGRAM

OF

S
TUDY


Include:


Course description


Recommended
sequence for
course
performance
indicators


Instructional
objectives that specify desired learning
outcomes


Crosswalk
to major textbooks



35

C
OURSE

P
ROFILES

FOR

THE

F
INANCE

P
ROGRAM

OF

S
TUDY

T
EACHING

F
INANCE

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ODAY
:

A S
TANDARDS
-
B
ASED

A
PPROACH

T
EACHING

F
INANCE

T
ODAY
:

A S
TANDARDS
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B
ASED

A
PPROACH


Leadership


Business and Marketing Essentials


Introduction to Finance



36

C
OURSE

G
UIDES

FOR

THE

F
INANCE

P
ROGRAM

OF

S
TUDY


Include:


Course profile content
plus
:


Projects and
activities, including ideas for
academic integration


Briefings


Test
items


Additional resources



37

C
OURSE

G
UIDES

FOR

THE

F
INANCE

P
ROGRAM

OF

S
TUDY

T
EACHING

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INANCE

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ODAY
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TANDARDS
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B
ASED

A
PPROACH

T
EACHING

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INANCE

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ODAY
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ASED

A
PPROACH


Finance End
-
of
-
Program Exam

(4 year

Grades 9
-
12)


Finance End
-
of
-
Program Exam

(3 year

Grades 10
-
12)


A*S*K Fundamental Business Concepts Exam


A*S*K
Concepts of Finance Exam



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T
ECHNICAL

S
KILL

A
SSESSMENTS

FOR

THE

F
INANCE

P
ROGRAM

OF

S
TUDY

T
EACHING

F
INANCE

T
ODAY
:

A S
TANDARDS
-
B
ASED

A
PPROACH


Focusing on specific research
-
based,
industry
-
validated learning
outcomes


Holding students accountable for
their learning

39

A T
OTAL

I
NSTRUCTIONAL

S
YSTEM


T
EACHING

F
INANCE

T
ODAY
:

A S
TANDARDS
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B
ASED

A
PPROACH

millera@mbaresearch.org

www.mbaresearch.org

www.askinstitute.org


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