The intensive summer financial literacy program provides a hands-on introduction to financial management and investment for disadvantaged high school students in Newark, New Jersey and nearby cities.
This program, which was launched in 1998, includes lectures, class discussions, computer labs, field trips to Wall Street and financial institutions in the New Jersey/New York metropolitan area, and team projects.
Specific topics that will be addressed during the program include:
- An overview of financial services offered by banking and investment institutions;
- The structure of the stock and bond markets;
- Principles of diversification;
- The concept of entrepreneurship;
- The fundamentals of interest rates; and
- The role of money and capital markets in supplying funds to business to fuel economic growth
An important component of the program is the team projects in which groups of students are assigned to do an investment analysis of a specific company. Using computer terminals dedicated specifically to this program, students learn how to use the Internet to gather financial information. At the end of the program, students present reports on each company to NJIT faculty, staff and corporate leaders.
The program is carried out by the School of Management of the New Jersey Institute of Technology (NJIT) in collaboration with the Consortium for Pre-College Education in Greater Newark, a partnership of NJIT, Rutgers University, and the University of Medicine and Dentistry of New Jersey with the school districts of Newark, East Orange and Irvington.
The program employs state-of-the-art methodology for teaching financial literacy and provides an innovative model for how the resources of an outstanding university can be leveraged to motivate and empower disadvantaged high school students.