Money Matters B

Students will explore global economics, and the impact of the free enterprise system on business and consumers. Students willlearn about their financial options and goal-setting based on existing and projected economic indicators. Investments, income taxes, asset planning will also be investigated, as will risk management, and retirement and estate planning.

  • Financial Responsibility and Decision Making: Students explore economics as a social science focusing on decision making by looking at cost-benefit analysis, scarcity, marginal costs and benefits, and the allocation of resources. Students examine factors that influence the decision-making process and will be able to compare and contrast the efficiency of different market structures.
  • Careers and Income: Students will explore career options and how to choose one. They will also look at the different ways people earn money or income, analyze a paycheck stub, learn about taxes, and learn how to organize personal finances. Students will also take a closer look at spending, computer–based tools that make it easier for you to manage money, and compare different financial institutions and analyze which is best for them. Finally, students will consider different types of financial risks and how to protect themselves.
  • Saving and Spending Wisely: In this unit, students explore the basics of investing, financial planning, credit cards and finance charges. They will also learn about mortgages and other types of loans, and explore decision-making about renting a residence vs. buying one. Consumer rights will also be discussed.
  • The Business Organization: This unit explores principles of business that are useful in guiding all business owners, business ethics, and the changing role of human resource specialists. Students will also learn about entrepreneurship, the role it plays in building the economy, the skills and attributes of a successful entrepreneur, and the process of starting a business. They will also learn about how businesses use modern technology to be more efficient, effective, and competitive in today's market.
  • Economics and Business: Students will explore world economic systems, economic needs and wants, social responsibility as it relates to business, and what sustainable business means in both ecological and practical terms. They also learn about the financial services industry as it relates to business, strategic business plans, advertising and marketing, consumer protections, and the group dynamics of different sizes of businesses.

Curriculum Content and Skills Focus

Unit 1: Financial Responsibility and Decision Making

  • Recognize the characteristics of reliable and relevant financial resources in order to evaluate a resource.
  • Calculate net worth.
  • Identify good financial goals and describe how to prioritize and evaluate them.
  • Apply a systematic decision-making process to a financial decision.
  • Calculate the amount in a savings account given specific information, such as interest rate.
  • Use the Rule of 72 to estimate savings returns.
  • Identify the factors you should consider when selecting a savings account.
  • Given a situation, select the appropriate type of account or investment.

Unit 2: Economic Roles

  • Describe methods used to make career decisions, and identify factors that should influence you career decisions.
  • Identify sources of income.
  • Identify factors affecting take-home pay, and identify deductions and withholdings on a paycheck stub.
  • Identify examples of employee benefits.
  • List taxes that adults pay and the purpose of the taxes.
  • Identify the purpose of specific tax forms and complete a tax form.
  • Identify the components of a personal financial plan: net worth statement, financial goals, budget, insurance plan, and a saving and investing plan.
  • Recognize a budget, identify the steps for creating a budget, and identify the benefits of having one.Identify examples of spending wisely.
  • Identify tools that will help manage money, and decide which tool is best for certain situations.
  • Identify and compare the major types of financial institutions.
  • Identify banking services, tools, and resources that will benefit you.
  • Identify the purpose and features of deposit accounts and special savings accounts, including savings bonds, CDs, 529 plans, and IDAs.
  • Describe the roles of the bank's customer service representative, teller, loan officer, and branch manager.
  • Describe the steps involved in opening and maintaining a checking account and savings account.
  • Label the parts of a check, checkbook register, and deposit slip.
  • Read a financial statement and reconcile a checkbook. 
  • Describe online banking and its purpose.List tasks that can be completed online.
  • Identify financial risks and list strategies to manage risks and protect yourself.

Unit 3: Saving and Spending Wisely

  • Given a situation, select the appropriate type of account or investment.
  • Identify the steps for buying and selling stock and the role of a stock broker
  • Read stock market quotes and a stock table.
  • Identify factors, principals, and strategies that should be using when saving and investing.
  • Identify the relationship between risk and return.
  • Given a situation, create a diversified saving and investing plan.
  • Calculate finance charges using different interest rates.
  • Recognize how making minimum payments on credit card balances increases the total cost and repayment time.
  • Select the most cost-effective option for making a purchase by calculating the total cost based on APR, grace period, and fees.
  • Recognize excessive debt and describe possible consequences.
  • Recognize the relationship between the interest rate, the principal, the loan repayment period, and the total cost of the loan.
  • Calculate a mortgage payment. Identify various types of loans, including mortgages, student loans, home equity loans, small-business loans, and car loans.
  • Given a situation, calculate whether an individual is ready to rent and can afford the upfront and the ongoing costs associated with renting.
  • Identify rights, laws, and regulations that protect consumers when making purchases, banking, or applying for a loan.
  • Identify advertising, sales techniques, deceptive sales techniques, and scams.
  • Read and understand the terms of a warranty.

Unit 4: The Business Organization

  • Determine your role in the business world.
  • List and define the legal forms of business ownership.
  • Determine the scope of government regulation over commercial enterprise.
  • Discuss one of the six areas of human resource management and explain its importance.
  • Understand the role entrepreneurship plays in building the economy.
  • Explain how technology influences the business industry.
  • List specific examples of e-commerce.List specific examples of modern technology used in business today.
  • Community Service as a component of product promotion.
  • Explain the importance of business etiquette in the business world.
  • Acquire an understanding of the impact of international business on the global economy.
  • Understand the importance of financial management in business. 

Unit 5: Economics and Business

  • Compare a market economy with a centrally controlled economy.
  • State the differences between needs and wants.Analyze the relationship between business and consumers.
  • Explain the accounting equation and use it appropriately.
  • Explain the difference between capital and collateral.
  • Learn the key steps in developing a strategic plan.
  • Define product liability.
  • Learn about the changes in marketing from standardization to customization.
  • Define product liability.
  • Describe the four phases of group development.

State: National
Grade Level: 9, 10, 11, 12
Category: Business
Course Length: Semester