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Consumer Maths Class on Math You Need for Business Real Life

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This math based class is designed to provide students with a practical understanding of the math skills they will actually need in the business world and in managing their own finances. The course will cover a variety of topics, including budgeting, managing money, and making financial decisions. The class will focus specifically on mathematical concepts and how they relate to real-life situations and scenarios. The class will be interactive and will help students to develop problem-solving skills and understand the math concepts that are important for the business world or for their own personal finances.

-Teach students how to budget and manage their money effectively in the context of real-life scenarios
-Provide students with an understanding of how to make financial decisions using mathematical concepts
-Help students develop problem-solving skills through real-life scenarios
-Enhance students’ understanding of mathematical concepts and how they relate to the business world and personal finances

????? ClassLY TOPIC SCHEDULE ?????

Class 1: What money is and how money works
Introduction to the concept of money
Functions and characteristics of money
Different forms of money (cash, digital, etc.)
The role of central banks in managing money supply

Class 2: A brief history of money
Overview of the evolution of money throughout history
Barter system and the emergence of currency
Development of coins, paper money, and fiat currency
Introduction of digital and virtual currencies

Class 3: Inflation and depreciation
Understanding inflation and its causes
Effects of inflation on purchasing power
Measurement of inflation (Consumer Price Index, inflation rate, etc.)
Depreciation of currency and its impact on international trade

Class 4: How money works in the public sector vs. private sector
Differences between public and private sector finances
Government revenue sources (taxes, fees, etc.)
Public spending and budgeting processes
Financial management in private businesses

Class 5: Taxes
Overview of different types of taxes (income tax, sales tax, property tax, etc.)
Taxation systems and structures
Tax planning and strategies for individuals and businesses
Understanding tax deductions and credits

Class 6: Currency Exchange Rates
Basics of foreign exchange markets
Factors influencing currency exchange rates
Exchange rate systems (fixed, floating, pegged, etc.)
Impact of exchange rates on international trade and travel

Class 7: Cryptocurrencies
Introduction to cryptocurrencies and blockchain technology
Key cryptocurrencies (Bitcoin, Ethereum, etc.)
Cryptocurrency mining and transactions
Benefits and risks of investing in cryptocurrencies

Class 8: How money is made
Overview of the money creation process by central banks
Fractional reserve banking system
Monetary policy and its influence on money supply
Role of commercial banks in the lending and money creation process

Class 9: Banks
Functions and services provided by banks
Types of banks (commercial banks, investment banks, etc.)
Bank accounts and financial products (savings accounts, loans, etc.)
Banking regulations and consumer protection

Class 10: How interest works
Understanding the concept of interest
Different types of interest rates (simple, compound, etc.)
Calculation of interest and its impact on loans and investments
Interest rate determination and monetary policy

Class 11: Credit Cards
Introduction to credit cards and their features
Benefits and risks of using credit cards
Credit card terms and fees
Managing credit card debt and building a good credit history

Class 12: Debit Cards
Exploring the functionality and features of debit cards
Differences between credit and debit cards
Debit card usage and security considerations
Budgeting and financial management with debit cards

Class 13: How to save and why this is important
Importance of saving money for financial stability
Strategies for effective saving (automating savings, setting goals, etc.)
Different types of savings accounts and investment options
Tips for managing expenses and increasing savings

Class 14: How to budget your personal life
Understanding the importance of budgeting
Creating a personal budget plan
Tracking income and expenses
Budgeting techniques and tools

Class 15: Credit ratings and how it affects you for life
Introduction to credit ratings and credit scores
Factors influencing credit ratings
Impact of credit ratings on borrowing and interest rates
Improving and maintaining a good credit rating

Class 16: Understanding what money can’t buy
Exploring the limitations of money and its ability to provide happiness
Value of non-monetary aspects in life (relationships, experiences, etc.)
Finding a balance between financial success and personal fulfillment
Developing a holistic approach to wealth and well-being

No experience is required to take this class.

Students will be provided with 16 separate videos to watch, 1 for each topic.

What is the class structure?
Our dynamic class structure combines insightful lectures, interactive discussions, and practical activities, ensuring that students gain both the theoretical knowledge and practical skills necessary to excel in their academic journey. By exploring various learning styles and memorization strategies, we aim to personalize the learning experience, enabling each student to discover the most effective study methods that resonate with their unique learning preferences.