Students will examine how personal choices about education, training, skill development, and careers impact earnings. 

Students will:

• Describe how consumers, businesses, and government decision makers face scarcity of resources and must make trade-offs and incur opportunity costs.
• Explain that choices often have long-term unintended consequences.
• Describe how effective decision making requires comparing the additional costs (marginal costs) and additional benefits (marginal benefits).

Students will:

• Examine how personal choices about education, training, skill development, and careers impact earnings.
• Evaluate the various methods of financing a purchase.
• Compare the costs and conditions of secured and unsecured loans.

Students will:

• Describe how effective decision making requires comparing the additional costs (marginal costs) and additional benefits (marginal benefits).
• Examine how investment in human capital, capital goods, and technology can improve productivity.
• Examine how personal choices about education, training, skill development, and careers impact earnings.

Students will:

• Describe how consumers, businesses, and government decision makers face scarcity of resources and must make trade-offs and incur opportunity costs.
• Describe how consumers, producers, workers, savers, investors, and citizens respond to incentives.
• Identify the role of entrepreneurs.
• Examine the laws of supply and demand and the determinants of each.
• Explain how the interaction of supply and demand determines equilibrium price.
• Describe the elasticity of supply and demand.
• Examine the purposes and implications of price ceilings and price floors.
• Examine the market value of a worker’s skills and knowledge.
• Identify the impact of human capital on production costs.
• Explain the relationship between a person’s own human capital and the resulting income potential.
• Describe how changes in supply and demand for goods and services affect income.
• Examine the effect of supply and demand on wages and prices.
• Calculate net pay. 
• Investigate employee benefits and incentives.

Students will demonstrate knowledge of:

• Examine how personal choices about education, training, skill development, and careers impact earnings.
• differentiating among sources of income.
• Calculate net pay.
• Investigate employee benefits and incentives.
• Complete a standard W-4 form.

Students will demonstrate knowledge of:

• Define the role of money.
• Explain the role of financial markets and financial institutions. 
• Describe the purpose, structure, and function of the Federal Reserve System.
• Describe the government's role in stabilizing the economy.
• Describe sources of government revenue.
• Explain balanced budget, deficit, and national debt.
• Compare the types of financial institutions.
• Examine how financial institutions affect personal financial planning.
• Evaluate services and related costs associated with personal banking.
• Differentiate among types of electronic monetary transactions.
• Prepare all forms necessary for opening and maintaining a checking and a savings account.
• Reconcile bank statements.
• Compare costs and benefits of online and traditional banking.
• Explain how certain historical events have influenced the banking system and other financial institutions. 
• Compare the impact of simple interest vs. compound interest on savings.

Students will demonstrate knowledge of:

• Describe how consumers, businesses, and government decision makers face scarcity of resources and must make trade-offs and incur opportunity costs.
• Explain that choices often have long-term unintended consequences.
• Describe how effective decision making requires comparing the additional costs (marginal costs) and additional benefits (marginal benefits).
• Describing how consumers, producers, workers, savers, investors, and citizens respond to incentives.
• Describe how increased productivity affects costs of production and standard of living.
• Describe the effects of competition on producers, sellers, and consumers.
• Examine basic economic concepts and their relation to product prices and consumer spending.
• Examine the effect of supply and demand on wages and prices.
• Describe the steps in making a purchase decision, including the roles of marginal benefit and marginal cost.
• Determine the consequences of conspicuous consumption.
• Describe common types of contracts and the implications of each.
• Demonstrate comparison-shopping skills.  
• Maintain a filing system for personal financial records.
• Examine the impact of advertising and marketing on consumer demand and decision making in the global marketplace.
• Explain consumer rights, responsibilities, remedies, and the importance of consumer vigilance.
• Examine precautions for protecting identity and other personal information.

Students will demonstrate knowledge of:

• Evaluate the various methods of financing a purchase,
• Analyze credit card features and their impact on personal financial planning.
• Identify qualifications needed to obtain credit.
• Identify basic provisions of credit and loan laws. 
• Compare terms and conditions of various sources of consumer credit. 
• Identify strategies for effective debt management, including sources of assistance. 
• Explain the need for a good credit rating.
• Compare the costs and conditions of secured and unsecured loans. 
• Compare the types of voluntary and involuntary bankruptcy and the implications of each.

Students will demonstrate knowledge of:

• Compare the costs and benefits of purchasing versus leasing a vehicle.
• Compare the advantages and disadvantages of renting vs. purchasing a home.
• Describe the process of renting housing.
• Describe the process of purchasing a home.
• Calculate the cost of utilities, services, maintenance, and other housing expenses.
• Evaluate discretionary spending decisions.
• Evaluate the various methods of financing a purchase. 
• Identify qualifications needed to obtain credit.
• Identify basic provisions of credit and loan laws.
• Identify strategies for effective debt management, including sources of assistance.
• Explain the need for a good credit rating.
• Compare the costs and conditions of secured and unsecured loans.
• Compare the types of voluntary and involuntary bankruptcy and the implications of each.

Students will demonstrate knowledge of:

• Differentiate among sources of income.
• Calculate net pay.
• Investigate employee benefits and incentives.
• describe the types and purposes of local, state, and federal taxes and the way each is levied and used.
• Explore how tax structures affect consumers, producers, and business owners differently.
• Computing local taxes on products and services.
• Examine potential tax deductions and credits on a tax return. 
• Explain the content and purpose of a standard W-2 form. 
• Explain the similarities and differences between state and federal taxation of inheritance.

Students will demonstrate knowledge of:

• Evaluate insurance as a risk management strategy.
• Distinguish among the types, costs, and benefits of insurance coverage, including automobile, life, property, health, and professional liability.
• Explain the roles of insurance in financial planning.

Students will demonstrate knowledge of:

• Differentiate among sources of income.
• Calculate net pay.
• Investigate employee benefits and incentives.
• Identify short-term and long-term personal financial goals.
• Identify anticipated and unanticipated income and expenses.
• Examine components and purposes of a personal net worth statement.
• Investigate the effects of government actions and economic conditions on personal financial planning.
• Explain how economics influences a personal financial plan.
• Compare and contrast investment and savings options.
• Explain 10 and income sources for investments.
• Examine the fundamental workings of Social Security and the system's effects on retirement planning.
• Contrast alternative retirement plans.
• Describe how the stock market works.

Students will demonstrate knowledge of:

• Identify factors of production.
• Compare the characteristics of market, command, traditional, and mixed economies.
• Identify Adam Smith and describe the characteristics of a market economy.
• Compare the costs and benefits of different forms of business organization, including sole proprietorship, partnership, corporation, franchise, and cooperative.
• Describe how costs and revenues affect profit and supply.
• Describe how increased productivity affects costs of production and standard of living.
• Describe the effects of competition on producers, sellers, and consumers.
• Explain why monopolies or collusion among sellers reduces competition and raises prices.

Students will demonstrate knowledge of:

• Describe how consumers, producers, workers, savers, investors, and citizens respond to incentives.
• Explain how businesses respond to consumer sovereignty.
• Identify the role of entrepreneurs.
• Describe how increased productivity affects costs of production and standard of living.
• Examine how investment in human capital, capital goods, and technology can improve productivity.
• Describe the effects of competition on producers, sellers, and consumers.
• Describe economic indicators, such as gross domestic product (GDP), consumer price index (CPI), and unemployment rate.
• Describe the causes and effects of unemployment, inflation, and reduced economic growth.
• Describe the fluctuations of the business cycle.
• Describe strategies for achieving national economic goals.
• Describe the purpose, structure, and function of the Federal Reserve System.
• Describe the government's role in stabilizing the economy.
• Describe sources of government revenue.
• Explain balanced budget, deficit, and national debt. 
• Identify goods and services provided by the government to benefit society.
• Identify the role the government plays in providing a legal structure to protect property rights and enforce contracts.
• Provide examples of government regulation of the market.
• Explain that governments redistribute wealth.
• Explain that taxes and fees fund all government-provided goods and services.
• Explain that when parties trade voluntarily, all benefit.
• Distinguish between absolute and comparative advantage.
• Distinguish between trade deficit and trade surplus.
• Explain exchange rates, and the impact of a strong dollar and weak dollar on economic decisions.
• Describe the costs and benefits of trade barriers.
• Describe the effects of international trade agreements and the World Trade Organization.
• Explain growing economic interdependence.

Students will demonstrate knowledge of:

• Identify short-term and long-term personal financial goals.
• Identify anticipated and unanticipated income and expenses.
• Explain how economics influences a personal financial plan.