Economics: Personal Economics Student Power Point Project
Assignment: CHOOSE ONE OF THE FOLLOWING TOPICS AND EXPLAIN IT FULLY IN A POWERPOINT.
1) Power point of at least 25 slides (20 of them with writing)
If you copy and paste the information on your slides, the highest grade you can receive is a D. The slides must be in your own words, you must be able to explain each of your slides.
2) You must explain each part of the topic fully and completely. Each slide must contain either 3 bullet points or 6 sentences.
a) Buying a house (Explain each part FULLY in 2-5 slides: house vs. condo; what mortgage is; how home loans are financed; different types of mortgages; how you decide how much home you can afford; down payment and closing costs; how to calculate what your monthly payment will be; what is a foreclosure)
b) Buying a car ((Explain each part FULLY in 2-5 slides: down payment and monthly payments; how car loans work; different types of interest rates; where you can get a car loan; how to calculate monthly payments; advantages and disadvantages of new vs. used car; buying from a dealer vs. private person; buying a car online)
c) Credit cards ((Explain each part FULLY in 2-5 slides: how credit cards work; interest rates and what they mean if you carry a balance; yearly fee on some cards; American Express and how it works; advantages and disadvantages of credit cards; building your credit history; etc)
d) Putting together a budget (Explain each part FULLY in 2-5 slides: how to put together a budget; what needs to be included; wants vs. needs; how much do you need to earn to have a middle class life style in Los Angeles; compare the cost of living in LA compared to the Midwest, like Texas or Kentucky; how to calculate savings into a budget; if you are over budget what to you cut out? Etc)
e) Insurance: health, life, car (Explain each part FULLY in 2-5 slides: what insurance is and why is it important; what is a premium; what is coverage and coverage limit; what is a deductible; how to drive down the cost of your insurance; what the cost of auto insurance is based on; what is collision insurance for cars; what is comprehensive insurance for cars; what do to if you get in an accident with an uninsured motorist; how to file a claim if you get into a car accident; what is life insurance and how it works; what is health insurance and why it is important; different types of health insurance policies; how to get health insurance if your employer doesn’t provide it)
f) Retirement savings: Explain each part FULLY in 2-5 slides social security, Medicare, 401k, real estate, investments (Explain what social security is and how it works; how long will the funding for social security last?; how much will social security provide for you and will it be enough to live on in your retirement?; what is Medicare and how it works; what Medicare provides; how long the funding for Medicare will last; what is a 401k and how does it work; what are real estate investments and their advantages and disadvantages; what are investments such as stocks, mutual funds, money market accounts, etc)