Personal Finance & Economics
Mr. Scott Lacy
Course Resources: The primary resource that the students will use for class is an on-line curriculum through PowerLearning. A secondary resource that we will use as time allows is an on-line program called Everfi.
Course Materials: 5 subject notebook, pen or pencil
Course Description: Based on the Virginia Standards of Learning, this economics and Personal Finance course is designed to introduce students to macroeconomics, mircroeconomics, and personal finance. Course topics include economic climate, national economic policy, how consumers spend money, choosing a career, and personal financial planning which includes an emphasis on budgeting, paying taxes, saving and investing, managing credit, and purchasing insurance. After completing this course, students will have the knowledge to succeed financially by managing their personal finances and making sound financial decisions after gaining an understanding of what impacts the economy and their individual lives.
Scope and Sequence:
EPF SOL (adopted 2009)
It’s Your Money, Your Time, Your Work, Your . . .
1a, 1b, 1c, 3a, 3b, 3c, 3d, 10b, 10c
1b, 1c, 1d, 3a, 3b, 3c, 3d, 10a, 10b, 17f
National Economic Goals
5a, 5b, 5c, 5d, 17e
Fundamental Principles of Economics
1e, 1f, 5c, 9e, 9g
The Role of Government and Policy
5c, 5d, 7b, 7d, 8b, 8c
Production and Consumption
2b, 2c, 2d, 2e, 2f, 2g, 2h, 2i, 2j, 9a
The Whole Picture – Global Economics
9b, 9c, 9d, 9e, 9f, 9g
Investing in Yourself – Your Career
4a, 4b, 4c, 4d, 10b, 15a
Earning a Living – Your Paycheck
15b, 15c, 15d, 15e
Taxes – How the Government Spends Your Tax Dollars
7c, 8a, 8d, 8e, 16a, 16b
State and Local Taxes
7c, 8e, 16a, 16c, 16f
7c, 8d, 16a, 18d
Federal and State Income Tax Forms
Your Personal Net Worth
Setting Financial Goals
Creating a Budget
11f, 17b, 17d, 17f
The Mighty Dollar – How Does it Really Work?
6a, 6b, 7a, 12a, 12h, 17f
6b, 12a, 12b, 12c, 12d
Inside Your Account
Managing Your Own Checkbook
12c, 12e, 12f
Internet Banking – The Online Experience
Credit and You – You Are in “Charge!”
13a, 13e, 13g, 13h
Establishing and Maintaining Credit
13c, 13d, 13g
13a, 13b, 13c, 13f, 13g, 13i
The Role of Incentives
2a, 10a, 10h,
10c, 10d, 10f
Automobiles – Lease or Purchase? New or Used?
Housing – Rent or Buy?
11b, 11c, 11d, 11e
Consumer Rights and Responsibilities
Accessing Reliable Information
Understanding and Preventing Identity Theft
Saving to Meet My Needs and Goals
17e, 17f, 18b
Making Your Money Grow
The Stages of Investing
Planning for Retirement
The Stock Market
It’s Your Money: Risk vs. Reward
Low Risk Investments – Playing it Safe
12d, 18b, 18c
Medium and High Risk Investments
18a, 18b, 18c
What is Insurance?
Driving with Protection
Your Health and Your Life: Get Covered and Rest Assured
A Sound Foundation for Your Property
Grading Policy: There will be between 16 to 25 grades per six weeks sometimes more depending on the modules being covered. Each assignment will be counted only once and students will be graded by total points.
Citizenship: This grade is based on student’s behavior with regards to classroom guidelines handed out on the first day. Failure to follow these guidelines after an understanding of these rules has been established on the first day will result in a lowering of the individuals citizenship grade. Citizenship is an indication of self-discipline and control. Guidelines have been established to ensure that each student is provided an academic atmosphere in which he/she is able to perform at the highest possible level.