|
Topic: Economics
|
Content of Vignettes
|
|
Objective 1: The student
will evaluate the impact of fundamental principles of economics on personal
finances.
|
1) Examine fundamental
principles of economics.
|
|
2) Apply economic
principles to personal finances.
|
|
3) Analyze how economic
conditions affect income and goal attainment.
|
|
Topic: Income
|
|
Objective 2: The student
will analyze how career choice, education, and skills affect income and goal
attainment.
|
4) Correlate career
choice to education, income, and goal attainment.
5) Identify trends that
cause changes in the labor market.
|
|
Objective 3: The student
will compute taxes.
|
6) Describe the purposes
of taxation and how tax resources are used.
7) Relate taxes,
government transfer payments (deductions), and employee benefits to disposable
income.
|
|
Topic: Money Management
|
|
Objective 4: The student
will develop a budget/spending plan for personal/business money management
(earning, spending, saving, and investing).
|
8) Set financial goals
(identify components and sources of income, relate employee benefits to
disposable income, and estimate income (gross pay versus net pay).
9) Construct a
budget/spending plan.
|
|
Objective 5: The student
will judge the quality of a financial institution’s services.
|
10) Compare financial
institutions in terms of personal banking needs.
|
|
Objective 6: The student
will demonstrate how to open and manage an account in a financial
institution.
|
11) Simulate opening an
account (i.e., checking, savings, and certificates of deposit) and managing
an account.
12) Explain
the differences, benefits, and risks of ATM cards, debit cards, and credit
cards.
13) Evaluate information about products and
services available from a financial institution.
|
|
Objective 7: The student
will examine the basics of personal insurance policies.
|
14) Evaluate insurance
as a risk management strategy.
15) Examine types of
insurance to understand choices available.
|
