| (a) General requirements. This course is recommended
for students in Grades 10-12. Recommended prerequisite: Principles
of Business, Marketing, and Finance. Students shall be awarded one
credit for successful completion of this course.
(b) Introduction.
(1) Career and technical education instruction provides
content aligned with challenging academic standards and relevant technical
knowledge and skills for students to further their education and succeed
in current or emerging professions.
(2) The Finance Career Cluster focuses on planning,
services for financial and investment planning, banking, insurance,
and business financial management.
(3) In Securities and Investments, students will understand
the laws and regulations to manage business operations and transactions
in the securities industry.
(4) Students are encouraged to participate in extended
learning experiences such as career and technical student organizations
and other leadership or extracurricular organizations.
(5) Statements that contain the word "including" reference
content that must be mastered, while those containing the phrase "such
as" are intended as possible illustrative examples.
(c) Knowledge and skills.
(1) The student demonstrates professional standards/employability
skills as required by business and industry. The student is expected
to:
(A) demonstrate an understanding of appropriate communication
with customers, employers, and coworkers through verbal, nonverbal,
and digital means;
(B) demonstrate an understanding of the use of business
etiquette;
(C) demonstrate an understanding of appropriate customer
service such as building customer relationships and resolving customer
complaints; and
(D) demonstrate an understanding of ethical and legal
issues in business.
(2) The student describes laws and regulations in order
to manage personal and business operations and transactions in the
securities and investments industry. The student is expected to:
(A) explain regulation of the securities and investments
industry, including the role of the Securities and Exchange Commission;
(B) understand the legal and ethical considerations
in buying and selling securities; and
(C) understand the state regulation of the securities
and investments industry.
(3) The student describes investment analysis and selection
processes. The student is expected to:
(A) describe types of investment objectives;
(B) consider the nature of investment risk;
(C) analyze diversification strategies;
(D) understand factors to consider when selecting investments;
(E) analyze information that can be obtained from financial
statements and annual reports;
(F) examine a mutual fund prospectus;
(G) interpret analysis used in making investment decisions;
(H) discuss strategies for selecting investments;
(I) identify performance measurements for venture capital;
and
(J) describe investment analysis and selection theory
such as the Modern Portfolio Theory, the Capital Asset Pricing Model,
and the Arbitrage Pricing Theory.
(4) The student identifies investments. The student
is expected to:
(A) interpret financial ratios significant to investors,
including price earnings ratio;
(B) calculate stock-related values such as the value
of a constant growth stock, the expected value of future dividends,
and the expected rate of return;
(C) calculate bond-related values such as the price
of a bond given its yield to maturity, the coupon interest payment
for a bond, and the effects of interest rates on the price of a bond;
(D) calculate bond present value and future value;
and
(E) select investments based on financial analysis
such as financial ratios.
(5) The student understands security and investment
operations. The student is expected to:
(A) examine security and investment operational activities;
(B) discuss the operations of a securities and investment
office;
(C) examine the buy and sell functions of a brokerage
firm; and
(D) discuss and calculate commissions.
(6) The student explores security and investment licensing
and certification programs. The student is expected to:
(A) explore educational requirements;
(B) compare and contrast the Series 6 and Series 7
licensing exams required to sell securities and other financial products;
and
(C) explain professional designations in the securities
and investments industry such as Certified Fund Specialist, Charted
Financial Analyst, Board Certified in Asset Allocation, Board Certified
in Securities, Certified Senior Consultant, and Certified Financial
Planner.
(7) The student understands investments and their relationships
to the economy. The student is expected to:
(A) evaluate the environments in which security and
investment services are offered, including securities sales agents,
securities and investments firms, and securities markets;
(B) evaluate causes of stock price fluctuations;
(C) evaluate the relationship between bond prices and
yields;
(D) evaluate the role of investment banking in the
primary marketplace; and
(E) evaluate margin accounts, short sales, market timing,
and international strategies.
(8) The student demonstrates an understanding of securities
and investments products. The student is expected to evaluate securities
and investments products such as stocks, dividends, stock splits,
options strategies, hedge funds, futures, bonds, mutual funds, venture
capital, real estate, retirement investment plans, and education savings
and the advantages and disadvantages from an issuer and investor perspective.
(9) The student demonstrates an understanding of a
postsecondary plan. The student is expected to:
(A) understand educational, military, and current job
opportunities; and
(B) create a postsecondary plan that includes topics
such as application requirements; testing requirements; certification
requirements; associated deadlines; associated costs, including living
expenses; job prospects and opportunities; beginning earnings; expected
future earnings; and resumes and cover letters.
|
