Online Banking: What Is It & Should I Do It? provides users with a collection of materials to assess online banking and then make an informed decision as to whether to use the service. Users will collect, review and evaluate the pros and cons of online banking, then form an opinion, and finally defend or refute the use of online banking based on empirical evidence. Materials include a pretest, pros and cons chart, and a Word Find activity on banking terms. A variety of online resources include such topics as: shifting to internet banking, the pros and cons of online banking, and test driving online banking to name a few.
Type of Material:
Resource collection with lesson plan
The materials could be used in class, as homework, individually, or in groups.
Browser and Adobe Acrobat Reader
Identify Major Learning Goals:
Students will be able to:
Identify the economic concepts involved in banking as well as the choices and decisions involved in changing to online banking.
Collect, review, and evaluate data on the pros and cos of online banking.
Form an opinion on the issue and be able to defend it with empirical evidence.
Target Student Population:
Suitable for senior high school grades 9 12 and first year college. Would also be beneficial for the general public (adults that are thinking about switching to online banking).
Prerequisite Knowledge or Skills:
An understanding of banking terminology and a lesson on traditional banking systems would be useful prior to assigning this module.
Online Banking teaches students about the pros and cons of online banking. After working through the lesson, students will be able to make an informed decision on whether or not to use online banking. A wealth of online resources are available so that learners gain adequate information on the topic. The resources include pros and cons, demos of online banking, how to find the right online bank, and much more. The module is clear and concise. This topic is relevant to young people who will soon be responsible for their own finances.
This learning object is primarily a collection of online resources from various sites which are not tied together well. Concepts taught/learned are not summarized. While a Word Find activity on key terms has been included, a glossary of terms should also be availabe to ensure that students have access to correct definitions.
Potential Effectiveness as a Teaching Tool
Objectives are clearly specified and covered. Beneficial prerequisite knowledge is identified that should be understood prior to starting the module. Learners, including adults, who have experience with traditional banking would benefit the most from the online resources provided. Overall, the module is a carefully planned learning unit.
A bit of redundancy exists in the online resources. For example, benefits identified from various sites are similar, such as better interest rates, convenience, etc. In addition, extraneous information displays, including advertisements, which can be distracting.
While not necessarily a concern, instructors should be aware that the module is designed to be facilitated by a teacher. While some of the activity can be done independently, other activity requires group/teacher input. A classroom setting is preferable particularly for those students who have limited banking knowledge/experience.
Ease of Use for Both Students and Faculty
The instructions to the instructor are very useful for implementation.
Very little instruction is required for students to use this model. However, to be more effective, some of the activities are best suited to a classroom setting. The exercises will encourage group discussion on the pros and cons of online banking.
Even though this module is online, little online interactivity to engage learners exists. For example, while the worksheets (in pdf) can be completed on line, they cannot be saved online. They must be printed. This aspect could be problematic because students cannot save partially completed exercises and resume working at a later time. Therefore, a recommendation to users would be to print hard copies of the worksheets prior to beginning the exercises.
Other Issues and Comments:
This module provides both materials and teaching suggestions to instructors.
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