US National Standards in K-12 Personal Finance Education – Summary Version

Details

Name
US National Standards in K-12 Personal Finance Education – Summary Version
Date Posted
9/23/2008 8:51:15 AM
Description
Created and maintained by the Jump$tart Coalition® for Personal Financial Literacy, Washington, DC www.jumpstart.org
Region(s)
United States

Resource Being Mapped

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GoVenture Simulation: Small Business

Added by
EntreOasis

5465
Jul 22, 2009 17:12 EDT

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Details
GoVenture Simulation: Small Business

Relevant Subject and Topic
What is an Entrepreneur, Goal Setting, Life Long Learning, Time Management Skills, Organization Skills, Work-Life Balance, The Time Value of Money, Managing Money, Inspiration, Mission, View more...

Types
Game or Puzzle
Simulation

Features
Informative, Educational, Entertaining, Experiential, Competitive, Tool to Use, Highly Interactive, For Individuals, For Groups or Teams, Animation

Format
Document

Copyright Owner
MediaSpark Inc

Most Suitable For Use By
Instructors, Facilitators, Learners, Entrepreneurs

Age Appropriateness
Adult(19+)
Youth(12-18)

Grade Appropriateness
High School, Postsecondary, Graduate, Adult General, Professional

Geographic Suitability
All or Non-Specific

Language
English

Education Standards Maps
US National Content Standards for Entrepreneurship Education – Summary Version
US National Standards in K-12 Personal Finance Education – Summary Version

Description

http://www.goventure.net/home.cfm?ID=1&go=site/products/sb

The GoVenture Small Business simulation is a realistic business simulation that recreates the day-to-day experiences involved in starting and running a small business. Like a flight simulator for business, GoVenture Small Business puts you in the role of founder and CEO of your own virtual business, while engaging you in realistic situations and problems. It’s easy to use, visual, interactive, and exciting!

(For more information and a free demonstration copy of the software, click on the link above.)

Legend

Directly Addresses: Resource specifically delivers a learning experience that covers the given standard/outcome.

Indirectly Addresses: Resource delivers a learning experience that may only partially cover the given standard/outcome, or may not directly cover the given standard/outcome but provides a context for which it can be covered.

Does Not Address: Resource does not address the given standard/outcome.

Unknown or Not Set

Education Standards

Mapper Legend
A - mapped by Peter Ross 670 on Mar 30, 2009 14:53 EDT

A
Overall Competency: Apply reliable information and systematic decision making to personal financial decisions.
1. Take responsibility for personal financial decisions.

2. Find and evaluate financial information from a variety of sources.

3. Summarize major consumer protection laws.

4. Make financial decisions by systematically considering alternatives and consequences.

5. Develop communication strategies for discussing financial issues.

6. Control personal information.

Overall Competency: Use a career plan to develop personal income potential.
1. Explore career options.

2. Identify sources of personal income.

3. Describe factors affecting take-home pay.

Overall Competency: Organize personal finances and use a budget to manage cash flow.
1. Develop a plan for spending and saving.

2. Develop a system for keeping and using financial records.

3. Describe how to use different payment methods.

4. Apply consumer skills to purchase decisions.

5. Consider charitable giving.

6. Develop a personal financial plan.

7. Examine the purpose and importance of a will.

Overall Competency: Maintain creditworthiness, borrow at favorable terms, and manage debt.
1. Identify the costs and benefits of various types of credit.

2. Explain the purpose of a credit record and identify borrowers' credit report rights.

3. Describe ways to avoid or correct debt problems.

4. Summarize major consumer credit laws.

Overall Competency: Use appropriate and cost-effective risk management strategies.
1. Identify common types of risks and basic risk management methods.

2. Explain the purpose and importance of property and liability insurance protection.

3. Explain the purpose and importance of health, disability, and life insurance protection.

Overall Competency: Implement a diversified investment strategy that is compatible with personal goals.
1. Discuss how saving contributes to financial well-being.

2. Explain how investing builds wealth and helps meet financial goals.

3. Evaluate investment alternatives.

4. Describe how to buy and sell investments.

5. Explain how taxes affect the rate of return on investments.

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