P.O. BOX 2120



May 5, 2006



Division Superintendents



Patricia I. Wright

Acting Superintendent of Public Instruction



Economics Education and Financial Literacy Materials Training


The 2005 General Assembly approved Senate Bill 950, a bill directing the Virginia Board of Education to establish objectives for economic education and financial literacy. As a result, the Code of Virginia 22.1200.03 required the Board of Education to develop and approve objectives for economics education and financial literacy to be required of all students at the middle and high school levels to further the development of knowledge, skills, and attitudes needed for responsible citizenship in a constitutional democracy. On April 26, 2006, the Board of Education adopted the Economics and Financial Literacy objectives (Attachment A). The document also contains a correlation of the objectives to the Mathematics Standards of Learning; History and Social Sciences Standards of Learning; and the Career and Technical Education competencies.


Part C of the same section of the Code of Virginia authorizes the Department of Education to develop guidelines to facilitate the objectives of economics education and financial literacy through practical experiences. The Guidelines for Banking-at-School Partnerships and Related Practical Experiences provided in Attachment B were developed by a committee of representatives from the State Corporation Commissions Bureau of Financial Institutions, the Virginia Bankers Association, the Virginia Credit Union League, and schools that participate in banking-at-school partnerships. The guidelines are intended to provide guidance in areas that should be addressed as new banking-at-school partnerships and related practical experiences are developed.


To support the Economics Education and Financial Literacy objectives, the Virginia Department of Education is pleased to announce a series of training institutes hosted by the Virginia Council on Economic Education. These institutes will help middle and high schools implement the objectives to meet the Code of Virginias requirement that all students receive instruction in economics education and financial literacy. School divisions are invited to send three lead teachers to one of seven regional trainings. Please note that school divisions may send participants to any location, not just the nearest site. The training sessions will be held as follows:

  June 6 Southwest Virginia Higher Education Center, Abingdon
  June 13 Roanoke Valley Higher Education Center, Roanoke
  June 16 James Madison University, Harrisonburg
  June 20 Lynchburg College, Lynchburg
  June 21 Old Dominion University Higher Education Center, Norfolk
  June 22 University of Mary Washington, Stafford Campus, Stafford
  June 26 Virginia Commonwealth University, Richmond



The teacher participants should be middle or high school mathematics, history and social studies, and/or career and technical education teachers. The registration form is Attachment C to this memorandum. Participating school divisions must respond by May 26, 2006.


Questions about the regional training sessions may be addressed to Deborah Kiger Bliss, mathematics coordinator, Office of Middle and High School Instruction, by e-mail at, or by telephone at (804) 786-6418 or Anne Rowe, career cluster coordinator, Office of Career and Technical Education Services, by e-mail at, or by telephone at (804) 225-2838.