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Business, Finance and Economic Concepts

In this interactive weekly class, we'll explore a different business, economic, financial or entrepreneurship concept each week. We'll discover how the topic relates to a real company, our own lives and future careers and jobs.
Colleen Smith
Average rating:
5.0
Number of reviews:
(330)
Star Educator
Class

What's included

1 live meeting
50 mins in-class hours per week
Homework
1 hour per week. A one-page summary of notes is provided at the end of each class. Optional homework will be offered in the form of questions requiring short paragraph answers. Feedback is provided. Homework is not required but is offered as a way to review topics we covered in class. It should take 10-20 minutes outside of class. It is sometimes given through Google Forms.
Grading
Please let me know if you need specific grading for this class.

Class Experience

US Grade 4 - 7
Beginner - Intermediate Level
In this interactive weekly class, we'll explore one business or financial concept each week.  This is an on-going/weekly-subscription style class, so students can join at any time. A new concept is presented each week and learners do not need to have attended the previous week to understand the current week's concept, but attending each week will help to connect and reinforce concepts. 

𝗖𝗹𝗮𝘀𝘀, 𝗱𝘂𝗿𝗶𝗻𝗴 𝗺𝗼𝘀𝘁 𝘄𝗲𝗲𝗸𝘀, 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗯𝗿𝗼𝗸𝗲𝗻 𝗶𝗻𝘁𝗼 𝘁𝗵𝗿𝗲𝗲 𝗽𝗮𝗿𝘁𝘀:
1) We'll discover how the week's concept relates to a real company or organization. For example, if the week's topic is "product placement", we'll discuss real companies that have put their items in movies or shows. If the week's topic is "assets vs. liabilities," we'll discuss what assets and liabilities a neighborhood pizzeria may have. 

2) We'll discuss how the concept relates to our own lives. For example, if the topic is "investments," we'll discuss why some people may decide to personally invest in some investments and not in others or not invest at all.

 3) We'll study a career that is directly related to the week's concept. In the product placement example, we'll talk about what an advertising coordinator does and the skills that would be important for that job. In the asset vs. liabilities example, we'll discuss how and why a banker may examine an individual's or businesses assets and liabilities.

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗺𝘆 𝘁𝗲𝗮𝗰𝗵𝗶𝗻𝗴 𝘀𝘁𝘆𝗹𝗲?
My classes will include slides to introduce concepts. However, my classes have a lot of interaction! I find that students understand concepts best when they're given the opportunity to participate in class. Learners will have the opportunity to contribute and ask questions.  If a student feels more comfortable leaving their camera off, they are able to do that (once I visually verify them, per Outschool's policy).  See the teacher experience section for my background.

𝗡𝗼𝘁𝗲𝘀 𝗮𝗻𝗱 𝗢𝗽𝘁𝗶𝗼𝗻𝗮𝗹 𝗛𝗼𝗺𝗲𝘄𝗼𝗿𝗸 𝗜𝗻𝗰𝗹𝘂𝗱𝗲𝗱!
After each class, I provide a one-page notes summary so students and/or parents can review what we covered in class. I also provide an optional short homework assignment that students can submit for feedback.

𝗪𝗵𝗮𝘁 𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗶𝘀 𝘂𝘀𝗲𝗱 𝗶𝗻 𝗲𝘅𝗮𝗺𝗽𝗹𝗲s?
I am an American teacher, but students from all countries are welcome and often attend.  I try to use examples that reflect the students that are in the current class.  

𝗪𝗲𝗲𝗸𝗹𝘆 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲: 
𝘛𝘩𝘦𝘴𝘦 𝘵𝘰𝘱𝘪𝘤𝘴 𝘮𝘢𝘺 𝘰𝘤𝘤𝘢𝘴𝘪𝘰𝘯𝘢𝘭𝘭𝘺 𝘤𝘩𝘢𝘯𝘨𝘦 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘭𝘦𝘢𝘳𝘯𝘦𝘳𝘴' 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵𝘴 𝘰𝘳 𝘳𝘦𝘭𝘦𝘷𝘢𝘯𝘵 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘦𝘷𝘦𝘯𝘵𝘴.

F̲a̲l̲l̲ 2̲0̲2̲4̲
Week of September 2: Types of Payments: Salaries, Wages, Commission, Tips, Rent
Week of September 9: Gross vs. Net (Paycheck & Income Statement); What is taken out of paycheck
Week of September 16: The Law of Supply and Demand		
Week of September 23: Credit & Debit Cards
Week of September 30:  Investments and Compounding Interest
Week of October 7: Budgets 		
Week of October 14: Assets & Liabilities  	
Week of October 21: Debts and Mortgages 	
Week of October 28: Inflation
Week of November 4: Stocks
Week of November 11: Supply Chain	
Week of November 18: Black Friday	
Week of November 25: NO CLASS
Week of December 2: Currencies
Week of December 9: Imports & Exports	
Week of December 16: Inflation		
Week of December 23: NO CLASS
Week of December 30: NO CLASS		

S̲p̲r̲i̲n̲g̲ 2̲0̲2̲5̲
Week of January 6:Wants, Needs, Scarcity
Week of January 13: Economic Measurements
Week of January 20: Recession
Week of January 27: Salary Ranges, Job Postings
Week of February 3: Stakeholders
Week of February 10: Human Resources
Week of February 17: Customer Service
Week of February 24: Competition
Week of March 3: Marketing Segmentation
Week of March 10: Product Placement
Week of March 17: Top Industries
Week of March 24: Business Plans
Week of March 31: Innovation
Week of April 7: Negotiating
Week of April 14: Famous CEOs
Week of April 21: Profit and Loss
Week of April 28: Real Examples of Income Statements
Week of May 5 :Taxes
Week of May 12: Retirement Savings and 401 Ks
Week of May 19: Real Examples of Balance Sheets
Week of May 26: Industry Deep Dive (Students pick)
Learning Goals
Learners will explore how each week's business or financial concept applies to real companies or organizations, enhancing their ability to recognize these concepts in everyday life.
Learners will study careers related to each week's concept, gaining insights into various professions and the skills necessary for those roles, thereby expanding their knowledge of potential career paths.
learning goal

Other Details

Language of Instruction
English
External Resources
In addition to the Outschool classroom, this class uses:
Joined September, 2021
5.0
330reviews
Star Educator
Profile
Teacher expertise and credentials
Bachelor's Degree from Bucknell University
I hold a Bachelor's of Science in Business Administration. I worked in commercial banking for three years and at the corporate headquarters of a Fortune 100 retail chain for ten years. During my banking career, I was able to volunteer with Junior Achievement, an organization that teaches financial and entrepreneurship concepts to children and teens. I have taught on Outschool for about three years and have taught over 1,300 students on the platform.

Reviews

Live Group Class
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$17

weekly
1x per week
50 min

Completed by 49 learners
Live video meetings
Ages: 10-12
4-9 learners per class

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