Download pl/vs curriculum framework

Perry County Schools
PL/VS CURRICULUM FRAMEWORK
8th Grade
Big Idea: Financial Literacy
Financial literacy provides knowledge so that students are responsible for their personal economic well-being. As consumers, individuals need economic knowledge as
a base for making financial decisions impacting short and long term goals throughout one’s lifetime. Financial literacy will empower students by providing them with the
skills and awareness needed to establish a foundation for a future of financial responsibility and economic independence.
Academic Expectations
2.30 Students evaluate consumer products and services and make effective consumer decisions.
2.33 Students demonstrate the skills to evaluate and use services and resources available in their community.
5.4 Students use a decision-making process to make informed decisions among options.
Big Idea: Financial Literacy
Program Of
Program of Studies:
Studies:
Skills and Concepts
Understandings
VS-8-FL-U-1
VS-8-FL-S-1
Students will
Students will
understand that
evaluate financial
management of
management
financial resource
practices including
practices is needed
budgeting, savings,
to meet goals of
banking services
individuals and
(e.g., purpose of
families.
checking and
savings accounts,
debit/credit), and
investing (e.g.,
general types and
purpose of
investing) and
explain why these
practices are
important in
achieving personal
financial goals by:
a)describing the
risks and
responsibilities
associated with
Core Content For
Assessment
DOK
PL-08-3.2.1
Students will
identify financial
management
practices and the
purposes of
budgeting, savings,
banking services,
(e.g., checking and
savings accounts,
debit/credit,
certificate of
deposit), general
types of
investments
(stocks, bonds,
mutual funds) and
develop a shortterm financial
plan.
Essential
Questions/
Content
Use math to
project savings
goals.
Select a savings
instrument which
best meets one’s
needs at a
particular time.
Explain why it is
important to shop
around for
savings
instruments.
Calculate
interest/fees of
various credit
card offers and
compare
outcome.
Develop a logical
argument for
saving versus the
opportunity
Level of
Mastery
DOK 3
Essential
Vocabulary
Savings instrument
Budgeting
Investing
Debit
Credit
Financial goals
Checking account
Savings account
Financial
management
Resources
Assessments
Kentucky Learns Links
(Personal Finance Management)
Reality Store
Understandings
Skills
Concepts
Core
Content
Essential
Questions
Level of
Mastery
Essential
Vocabulary
Resources
Assessments
costs.
using credit.
Differentiate
between various
savings
instruments.
VS-8-FL-U-2
Students will
understand that
saving plans (e.g.,
investments,
savings accounts,
stocks, bonds) and
budgets are
economic practices
in making financial
decisions.
VS-8-FL-S-2
Students will
investigate savings
plans and budgets in
making financial
decisions by:
a)constructing and
using a personal
spending/savings plan
and evaluate
according to shortand long-term goals.
b)analyzing basic
components of a
budget (e.g., income,
fixed and flexible
expenses, and
savings)
PL-08-3.2.1
Students will identify
financial
management
practices and the
purposes of
budgeting, savings,
banking services,
(e.g., checking and
savings accounts,
debit/credit,
certificate of
deposit), general
types of investments
(stocks, bonds,
mutual funds) and
develop a short-term
financial plan.
Explain the risk
associated with
stock ownership.
Compare and
contrast an
investment in
stocks with an
investment in
savings plans.
Explain two ways
in which stocks
provide a return
to owners.
Define mutual
funds and cite
different types.
Evaluate your
2
DOK 3
Savings plan
Investment
Savings account
Stocks
Bonds
Budgets
Economic practices
Financial
Short-term goal
Long-term goal
Income
Fixed expenses
Flexible expenses
Financial
management
practices
Banking services
Checking account
Debit
Credit
Certificate of
www.ecedweb.unomaha.edu
www.ncee.net
www.fefe.arizona.edu
Understandings
Skills
Concepts
Core
Content
Essential
Questions
current spending
patterns and then
develop a
financial plan
including the
following:
savings, charity,
and spending.
List short-term
and long-term
financial goals.
Develop a plan to
reach goals.
Analyze your
school’s budget.
Critique the way
money is being
spent looking at
the basic
components of a
budget (income,
fixed and flexible
expenses, and
contingency
monies). Make
suggestions for
improvement to
your site-based
council.
3
Level of
Mastery
Essential
Vocabulary
deposit
Mutual fund
Financial plan
Resources
Assessments
Understandings
VS-8-FL-U-3
Students will
understand that
financial
institutions (e.g.,
banks, brokerage
firms, credit unions)
provide consumer
services that help in
achieving financial
goals.
Skills
Concepts
VS-8-FL-S-3
Students will explain
how financial
institutions (e.g.,
banks, brokerage
firms, credit unions)
provide consumer
services that help in
achieving financial
goals by: analyzing
the steps in opening
and using a checking
and savings account.
Core
Content
Essential
Questions
Explain how
savings plans and
investments carry
risk.
Explain how
interest is
calculated.
Evaluate the
costs and
benefits of
various credit
card agreements.
Compare services
offered by local
banks. Construct
a table showing
comparison.
Make suggestions
as to which
institution can
better serve the
consumer based
on consumer
financial goals.
4
Level of
Mastery
Essential
Vocabulary
Financial institution
Brokerage firm
Bank
Credit union
Financial goals
Consumer services
Checking account
Savings account
Resources
Assessments
www.studysphere.com
www.econedlink.org
www.ecedweb.unomaha.edu
Understandings
VS-8-FL-U-4
Students will
understand that
career choice and
lifestyle impacts an
individual’s
financial future.
Skills
Concepts
VS-8-FL-S-4
Students will develop
financial goals for the
future based on one’s
lifestyle expectations
and career choices.
Core
Content
Essential
Questions
Describe the
characteristics of
an entrepreneur.
Explain how
entrepreneurs
benefit the
economy.
Investigate
various careers.
Design a career
fair for younger
students to
present
knowledge you
have gained.
Develop a life
plan and be as
detailed as
possible. Include
what kind of
home you would
like, what kind of
care you would
like to drive, what
kind of
entertainment you
would like to
have, etc.
Research prices
for each area.
Do a cost
analysis – what
will your desired
lifestyle cost you.
Now compare this
information to
your career plan –
do they match?
Will your career
support your
desired lifestyle?
Investigate.
5
Level of
Mastery
Essential
Vocabulary
Entrepreneur
Financial goals
Expectations
Career
Impact
Financial future
Resources
Assessments
www.fefe.zrizona.edu
www.econedlink.org