Content Videos for Teachers
Economics Education & Financial Literacy Content Vignettes for Teachers
In order to ensure that history/social science, career and technical education, and mathematics teachers have access to instruction in the content delineated in the objectives, VDOE has produced a series of 29 video vignettes.
Each vignette highlights a part of the content and are between 10 and 20 minutes long. Speakers/presenters in the vignettes are teachers or practitioners or university professors.
Viewing the Video Vignettes
Videos are availble in two formats:
Windows Media Player – Interactive videos require the free Windows Media Player plug-in.
Objective 1: The student will evaluate the impact of fundamental principles of economics on personal finances.
- Examine fundamental principles of economics
- Apply economic principles to personal finances
- Analyze how economic conditions affect income and goal attainment
Objective 2: The student will analyze how career choice, education, and skills affect income and goal attainment.
- Correlate career choice to education, income, and goal attainment
- Identify trends that cause changes in the labor market
Objective 3: The student will compute taxes.
- Describe the purposes of taxation and how tax resources are used
- 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).
- Set financial goals (identify components and sources of income, relate employee benefits to disposable income, and estimate income (gross pay versus net pay)
- Construct a budget/spending plan
Objective 5: The student will judge the quality of a financial institution's services.
- 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.
- Simulate opening an account (i.e., checking, savings, and certificates of deposit) and managing an account
- Explain the differences, benefits, and risks of ATM cards, debit cards, and credit cards
Objective 7: The student will examine the basics of personal insurance policies.
- Evaluate insurance as a risk management strategy
- Examine types of insurance to understand choices available
Topic: Spending & Credit
Objective 8: The student will complete the process for obtaining a loan.
- Explain the concept of a loan and describe types of loans
- Examine a variety of loan sources
- Evaluate factors that affect creditworthiness and explain the purpose and components of credit reports (including the credit report score) and laws affecting credit
- Evaluate the terms and conditions of consumer loans, including length of time to pay off loans
Objective 9: The student will examine credit card options.
- Analyze the benefits and cost of consumer credit and compare sources of consumer credit
- Evaluate the terms and conditions of credit cards including annual percentage rates (APR)
Objective 10: The student will analyze strategies for effective debt management.
Objective 11: The student will interact effectively with salespersons and merchants.
- Evaluate advantages and disadvantages of purchasing, leasing, and renting
- Negotiate prices/terms
Objective 12: The student will describe consumer rights and responsibilities.
- Ensure consumer protection, maintain consumer vigilance, and accept consumer responsibilities
Objective 13: The student will examine the implications of simple contracts.
- Describe the purposes of a contract and identify legal responsibilities incurred when signing a contract & examine types of contracts
Topic: Saving & Investing
Objective 14: The student will compare consumer choices for saving and investing.
- Compare and contrast saving and investing
- Analyze interest rates
- Evaluate the time-value of money as it relates to wealth accumulation and retirement savings
- Investigate and compare savings and investment options