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