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    Personal Finance & Economics

    Mr. Scott Lacy

    (276) 629-1731

    slacy@henry.k12.va.us

    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:

    Module/Topic Number

    Module/Topic Title

    EPF SOL (adopted 2009)

    1.1

    It’s Your Money, Your Time, Your Work, Your . . .

    1a, 1b, 1c, 3a, 3b, 3c, 3d, 10b, 10c

    1.2

    Why Economics

    1b, 1c, 1d, 3a, 3b, 3c, 3d, 10a, 10b, 17f

    2.1

    National Economic Goals

    5a, 5b, 5c, 5d, 17e

    2.2

    Fundamental Principles of Economics

    1e, 1f, 5c, 9e, 9g

    2.3

    The Role of Government and Policy

    5c, 5d, 7b, 7d, 8b, 8c

    2.4

    Production and Consumption

    2b, 2c, 2d, 2e, 2f, 2g, 2h, 2i, 2j, 9a

    2.5

    The Whole Picture – Global Economics

    9b, 9c, 9d, 9e, 9f, 9g

    3.1

    Investing in Yourself – Your Career

    4a, 4b, 4c, 4d, 10b, 15a

    3.2

    Earning a Living – Your Paycheck

    15b, 15c, 15d, 15e

    4.1

    Taxes – How the Government Spends Your Tax Dollars

    7c, 8a, 8d, 8e, 16a, 16b

    4.2

    State and Local Taxes

    7c, 8e, 16a, 16c, 16f

    4.3

    Federal Taxes

    7c, 8d, 16a, 18d

    4.4

    Federal and State Income Tax Forms

    16d, 16e

    5.1

    Your Personal Net Worth

    17c

    5.2

    Setting Financial Goals

    10g, 17a

    5.3

    Creating a Budget

    11f, 17b, 17d, 17f

    6.1

    The Mighty Dollar – How Does it Really Work?

    6a, 6b, 7a, 12a, 12h, 17f

    6.2

    Banking Overview

    6b, 12a, 12b, 12c, 12d

    6.3

    Banking Services

    12c

    6.4

    Inside Your Account

    12e, 18a

    6.5

    Managing Your Own Checkbook

    12c, 12e, 12f

    6.6

    Internet Banking – The Online Experience

    12d, 12g

    7.1

    Credit and You – You Are in “Charge!”

    13a, 13e, 13g, 13h

    7.2

    Establishing and Maintaining Credit

    13c, 13d, 13g

    7.3

    Managing Debt

    13a, 13b, 13c, 13f, 13g, 13i

    8.1

    The Role of Incentives

    2a, 10a, 10h,

    8.2

    Comparison Shopping

    10c, 10d, 10f

    8.3

    Automobiles – Lease or Purchase?  New or Used?

    11a

    8.4

    Housing – Rent or Buy?

    11b, 11c, 11d, 11e

    9.1

    Consumer Rights and Responsibilities

    10j

    9.2

    Understanding Contracts

    10e

    9.3

    Accessing Reliable Information

    10i, 10j

    9.4

    Understanding and Preventing Identity Theft

    10k, 10j

    10.1

    Saving to Meet My Needs and Goals

    17e, 17f, 18b

    10.2

    Making Your Money Grow

    18a

    10.3

    The Stages of Investing

    17f

    10.4

    Planning for Retirement

    18d, 18e

    11.1

    The Stock Market

    18f

    11.2

    It’s Your Money:  Risk vs. Reward

    18b, 18c

    11.3

    Low Risk Investments – Playing it Safe

    12d, 18b, 18c

    11.4

    Medium and High Risk Investments

    18a, 18b, 18c

    12.1

    What is Insurance?

    14a, 14c

    12.2

    Driving with Protection

    14b

    12.3

    Your Health and Your Life:  Get Covered and Rest Assured

    14b

    12.4

    A Sound Foundation for Your Property

    14b

    12.5

    Estate Planning

    16f

     

    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.