On the Road: 7-12 "Takin' Care of Business": An Introduction to Financial Literacy

TEACHERS SHOULD PREVIEW ALL CONTENT PRIOR TO SHARING WITH STUDENTS.

Suggested Grade Level:  7-12

This research guide serves as a resource for the Rock and Roll Hall of Fame and Museum's Education Department course, "Takin' Care of Business": An Introduction to Financial Literacy. For additional information on the course and for more teacher resources, see:  http://rockhall.com/education/distance-learning/courses/takin/  

Students know exactly what music is on their iPods, but they rarely understand that the artistry and glitter of superstardom depends upon a complex business network that must remain financially stable. This class will take students behind the scenes with a real-world simulation that puts them in the shoes of a rock band’s tour manager. In the class activity, students will apply mathematical and financial concepts to help manage a fictional band through a cross-country tour.  This will involve weighing some serious financial concerns about profit and loss: What expenses might they have to budget for? Where will the money come from? How will they respond as managers when ticket sales are lower than expected? Any number of scenarios might affect the tour budget and thus their company’s bottom line.

Our catalog has a subject category for "Inductee." If you enter this term in the search box and choose "Subject" in the dropdown box, you will retrieve information on our resources that are related to Rock and Roll Hall of Fame Inductees.

Limit your search by using the facets on the left of your screen in the library catalog, i.e. Format:

- Book
- Archival Collection
- Archival Item
- Audio
- Video
- Score
- Periodical
- Map

These research databases can be accessed within the Library and Archives.

These resources, pulled from class discussion and selected from the Library and Archives' collections, will help you to:

• Identify
 and
 describe
 the
 major
 components
 of
 the
 modern
 music
 industry,
 as
 well
 as
 their
 connections 
with 
one 
another.
• Describe 
the 
benefits 
of 
fiscal 
responsibility 
and 
recognize
 the 
accountability 
of 
financial 
planning
 in “real‐life”
applications.
• Apply 
mathematical
 modeling 
to 
business 
and 
consumer
 situations.

New to Archives? Check out: