Colorado
8th Grade
State Standards
Personal Financial Literacy
8Apply economic reasoning skills to make informed personal financial decisions.
FL.8.5.1Examine the role of consumer decisions and taxes within the market economies of early American history.
Students Can
aCalculate how the value of money has changed over time impacting earning, spending, borrowing, and investing. For example: Inflation and recession.
bExplain factors that have impacted borrowing and investing over time. For example: Currency stability, stocks, and banking practices.
cAnalyze the changes in the development of human capital over time. For example: Gaining knowledge and skill through education, apprenticeship, entrepreneurship, and work experience.
dAnalyze the impact of taxes on the people of the United States over time.
Colorado Essential Skills
1Investigate to form hypotheses, make observations, and draw conclusions (Critical Thinking and Analysis).
2Interpret information and draw conclusions based on the best analysis (Critical Thinking and Analysis).
Inquiry Questions
1What role did taxes play in the birth of our nation?
2What would countries look like without taxes?
3How has the value of money changed over time and what is the impact on consumerism?
4How did inventions impact personal financial options?
Nature and Skills of Personal Financial Literacy
1Financially capable individuals apply the economic way of thinking which assumes that people make choices because they are responding to the underlying incentives.
2Financially capable individuals study factors that lead to increased economic interdependence, increased productivity, and improved standard of living for the individuals in a society.
3Financially capable individuals understand that there is an economic role for government in a market economy whenever the benefits of a government policy outweigh its costs.
Disciplinary, Information, and Media Literacy
1Analyze how and why individuals, events, and ideas develop and interact over the course of the text.
2Explain how a question represents key ideas in the field.
3Explain points of agreement experts have about interpretations and applications of disciplinary concepts and ideas associated with a compelling question.
4Analyze and use information presented visually in a text. For example: Graphs, charts, flowcharts, diagrams, models, tables, that support the words in a text.