Concepts & Skills Summary

Junior Achievement’s JA BizTown is an interdisciplinary, experiential program that encompasses a variety of concepts and skills required by the Tennessee State Content Standards.  It benefits students, teachers, and schools by providing a real-life simulation that lets children learn, explore, and realistically apply their knowledge of the following:

Disciplines:

Social Studies including economics, government, and citizenship; Language Arts including writing and communications; and Mathematics

Concepts:

Citizen, community, trade, business, rights and responsibilities, voting, republic, producers, consumers, goods and services, economy, human resources, natural resources, capital resources, market, circular flow, prototype, scarcity, free enterprise, economic freedoms , profit, market economy, public goods and services. private goods and services, national defense, government (federal, state and local), taxes, tariffs, philanthropy, social philanthropists, nonprofit organizations, opportunity cost, financial institution, banking services (checking and savings accounts, credit and debit cards, loans, CDs, ATMs, etc.), interest, bank transactions, checking accounts (deposit tickets, check register, balance), net deposit, endorse, metaphors, currency, bounced check, not-sufficient funds, double entry accounting, entrepreneur, innovation, numismatists, mnemonic device, savings account, interest rate, compound interest, FDIC, rule of thumb, financial literacy, personal interests, personal skills, employer, employee, soft skills, labor union, work-readiness, teamwork, negotiation, conflict resolution, innovative solutions, dilemmas, entrepreneur, job application, resume, ethics, job interview, job applicant, nervous feelings, job tenure, pay stub, gross pay, net pay, payroll deductions, payroll tax, taxation without representation, ranking, criteria, ordinal scale, revenue, profit, quality business, best practices, military ranks, quality business, job assignments, general store, letter to the editor, central tendency (mean, median, mode), customer service survey, job responsibilities, sales revenue, business loan, promissory note, business expenses, operating costs, health care, advertising, professional services, recycling, rent, salary, supplies, utilities, selling price, Law of Demand, inventory, price controls, “word of mouth,” slogans, procedure, daily schedule, checklist, mass production, geographical directions, greater than/less than, business letter procedure, latitude and longitude coordinates, profit analysis, business management, economics,  internship, job-shadow, CFO, percentage

Academic Skills:

Following directions, group work, map reading, matching, reading, verbal communication, written communication,  math computation, brainstorming, collecting and organizing data, critical thinking, oral reporting, problem solving, teamwork, estimation, research, creative writing, data analysis, money-management, record keeping, completing business forms, charting/graphing, classifying, comparing and contrasting, evaluating or interpreting data, ranking, role play, self-assessment, conflict resolution, negotiation, reporting, summarizing, work readiness, interviewing, letter writing, note-taking, editing, using formula/rate change, estimation, map reading

Tennessee Fifth Grade Standards

Full correlation of each lesson to State Standards available upon request.