Colorado
7th Grade
State Standards
Personal Financial Literacy
8Apply economic reasoning skills to make informed personal financial decisions.
FL.7.5.1Investigate the role of consumers and businesses within the Eastern Hemisphere.
Students Can
aDefine resources from an economic and personal finance perspective.
bSummarize how the distribution of resources impacts consumerism.
cCompare and contrast goods and services available to consumers within different cultures as they developed in the Eastern Hemisphere throughout history.
Colorado Essential Skills
1Demonstrate an understanding of cause and effect related to personal decisions (Social Awareness, Self-Awareness).
2Identify and explain multiple perspectives (cultural and global) when exploring events, ideas, issues (Civic Engagement, Global and Cultural Awareness).
Inquiry Questions
1What are the similarities and differences between different markets in the Eastern Hemisphere?
Nature and Skills of Personal Financial Literacy
1Financially capable individuals understand that financial decisions have been impacted by the history, location, and distribution of resources of a place.
2Financially capable individuals study various factors that influence production such as resources, supply and demand, and price, which affect individual consumer choices over time.
3Financially capable individuals understand that the distribution of resources influences cultural growth and development over time and have impacted many of the different early civilizations around the world.
4Financially capable individuals understand that competition and wages are not just American concepts. These concepts have applied to individual financial decisions long before the birth of the nation.
5Financially capable individuals understand that populations within various cultures have made individual financial decisions differently throughout time and location.
Disciplinary, Information, and Media Literacy
1Explain how a question represents key ideas in the field.
2Analyze how and why individuals, events, and ideas develop.
3Explain points of agreement experts have about interpretations and applications of disciplinary concepts and ideas associated with a compelling question.