CONTENT (General)

CONTENT (Specific)

ASSESSMENTS

ILLINOIS LEARNING STANDARD

Decisions

Economic systems

·         Describe values, goals, & opportunity costs

·         Explain the difference between a need & a want

·         Use the decision making process for a decision

·         Describe 4 economic systems

·         Explain how supply & demand works

WS grades

15B4a

14B5

15A3a

Advertising

Responsible consumer

·         Recognize the language of advertising

·         Know the different types of advertising

·         Explain the difference between deceptive ads & puffery

·         Describe why you should conserve, recycle, and use resources responsibly

·        Evaluate how your consumer decisions affect other people

Test:  Decisions, economic systems, & advertising

14C4

Technology & Consumer Choice

·         Describe how you can make rational decisions when you buy products based on new technologies

·         Explain trade-offs to consider when shopping for an Internet service provider and a computer system

·         Identify advantages & disadvantages of Internet shopping

·         Describe services that can be purchased on the Internet

WS grades

15E4b

Technology & Consumer Choice

·         Describe precautions you should take to protect your privacy on the Internet

·         Recognize scams & ways to protect yourself from being cheated over the Internet

Questions for guest speaker graded

Test: Technology & Consumer

          Choice

14C4

Consumer Protection

·         Know your rights as a consumer

·         Explain responsibilities that come with your rights

·         Identify roles of major government agencies and laws in protecting consumers

·         Know deceptive and fraudulent selling practices and explain how to protect yourself from them

WS graded

14C4

15E4a

Consumer Protection

·         Describe how to complain successfully

·         Identify government programs and consumer oriented organizations that can help resolve consumer problems

Test:  Consumer Protection

6B4

15E3a

15E5a

Taxes & paycheck unit

·         Describe payroll taxes & withholding

·         Understand a paycheck stub & W-4 form

·         Identify the information you need to complete your income tax return

·         Demonstrate an ability to complete a 1040EZ form

WS graded

1040EZ form graded

15E3a

15E5a

Taxes & paycheck unit

·         Describe where local, state, and federal governments get the money they spend

·         Explain the principles and type or taxation

·         Identify how taxes can influence consumer decisions

·         Explain what governments spend money on

WS graded

Test: Taxes & paycheck

How banks work

Checking simulation

·         Explain how banks operate and how they benefit consumers

·         Demonstrate an ability to write, endorse, record, deposit, and reconcile a checking account

WS graded

Simulation graded

6B4

Checking simulation

·         Demonstrate an ability to write, endorse, record, deposit, and reconcile a checking account

Simulation graded

Test:  Banking

6B4

Budget unit

·         Identify & prioritize your financial goals

·         Describe how to set up an effective filing system

·         Explain the difference between fixed & flexible expenses

WS graded

6B4

Budget unit

·         Complete a budget simulation

·         Evaluate and adjust your budget to account for life experiences

Budget simulation graded

Test:  budgets

6B4

Credit unit

·         Identify reasons to borrow and the trade-offs you make when you borrow

·         Explain how lenders judge your creditworthiness

·         Describe the factors that go into your credit rating

·         Identify different options for getting credit

·         Describe the benefits and costs of credit cards

WS graded

Credit unit

·         Discuss ways that laws protect your credit rights

·         Analyze how to take responsibility for your own financial health

·         Explain how to establish a positive credit history

·         Discuss how to avoid credit problems & how to get help if you need it

WS graded

Test: Credit

Investment unit

·         Explain the relationship between risk & return

·         Evaluate risk factors and how to limit risk

·         Describe the types of stock you can buy

·         Explain the difference between investing in corporate stock or corporate bonds

·         Explain what mutual funds are and how they benefit investors

·         Discuss different fund objectives and how to select the right funds for you

·         Identify sources of investment information

·         Discuss signs of dishonest investment schemes and how to protect yourself

WS. graded

Investment unit

Auto & Homeowners Insurance unit

·         Discuss the advantages and trade-offs of retirement investment plans

·         Describe the risks of and ways to earn a return on uncommon investment options

·         Know how insurance works to protect consumers

·         Explain the basic kinds of insurance & how to determine the amount to buy

·         Identify basic types of auto insurance coverage

·         Explain factors that contribute to the cost of auto insurance

Test:  Investments

WS. graded

Auto & Homeowners

Insurance unit

·         Discuss types of homeowner’s insurance

·         Explain factors that contribute to the cost of home insurance

·         Discuss how to evaluate insurance agents and companies

·         Evaluate the differences of insurance agents & companies

·         Describe how to file a claim for a loss

WS. Graded

Test: Insurance

Health Insurance unit

·         Identify health care needs to be covered by a basic health insurance policy

·         Know what insurance covers special health care needs

·         Discuss the common forms of managed care plans

·         Evaluate health insurance options

·         Discuss ways to get the protection you pay for from your health plan

WS. Graded

Test:  Final test (includes health

           Insurance)

22B4