Colorado
7th Grade
State Standards
Personal Financial Literacy
8: Apply economic reasoning skills to make informed personal financial decisions.
FL.7.5.1: Investigate the role of consumers and businesses within the Eastern Hemisphere.
Students Can
a: Define resources from an economic and personal finance perspective.
b: Summarize how the distribution of resources impacts consumerism.
c: Compare and contrast goods and services available to consumers within different cultures as they developed in the Eastern Hemisphere throughout history.
Colorado Essential Skills
1: Demonstrate an understanding of cause and effect related to personal decisions (Social Awareness, Self-Awareness).
2: Identify and explain multiple perspectives (cultural and global) when exploring events, ideas, issues (Civic Engagement, Global and Cultural Awareness).
Inquiry Questions
1: What are the similarities and differences between different markets in the Eastern Hemisphere?
Nature and Skills of Personal Financial Literacy
1: Financially capable individuals understand that financial decisions have been impacted by the history, location, and distribution of resources of a place.
2: Financially capable individuals study various factors that influence production such as resources, supply and demand, and price, which affect individual consumer choices over time.
3: Financially 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.
4: Financially 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.
5: Financially capable individuals understand that populations within various cultures have made individual financial decisions differently throughout time and location.
Disciplinary, Information, and Media Literacy
1: Explain how a question represents key ideas in the field.
2: Analyze how and why individuals, events, and ideas develop.
3: Explain points of agreement experts have about interpretations and applications of disciplinary concepts and ideas associated with a compelling question.