Texas Correlations CEV Pathway: Money Matters

Transcription

1 Pathways for Career Success Texas Correlations CEV Pathway: Meets 97% of TEKS standards for:

2 Correlations For: Pathway New Course: Subject CTE (a) General Requirements. General requirements. This course is recommended for students in (b) Introduction. Students will investigate global economics with emphasis on the free enterprise system and its impact on consumers and businesses. Students apply critical-thinking skills to analyze financial options based on current and projected economic factors. Students will gain knowledge and skills necessary to set long-term financial goals based on those options. Students will determine methods of achieving long-term financial goals through investment, tax planning, asset allocation, risk management, retirement planning, and estate planning. (c) Knowledge and Skills. (1) The student uses career planning concepts, tools, and strategies to explore, obtain, and develop a career in the area of financial planning. The (1) The student uses career planning concepts, tools, and strategies to explore, obtain, and develop a career in the area of financial planning. The (A) discuss the nature and benefits of financial planning; (B) discuss the role of ethics and personal responsibility in financial planning; and Financial Management Practices 1 Personal Financial Planning Financial Management Practices 1 Personal Financial Planning Page 1 of 17

3 (1) The student uses career planning concepts, tools, and strategies to explore, obtain, and develop a career in the (C) compare and contrast roles, responsibilities, licensing and certification programs for careers related to managing and analyzing personal and corporate Retirement, Investments & Savings 1 Financial Certification & Requirements area of financial planning. The financial portfolios, including financial planner, financial manager, financial analyst, controller, risk manager, cash manager, treasurer, and chief financial officer. (2) The student demonstrates an understanding of the fundamental principles of money. The student is (2) The student demonstrates an understanding of the fundamental principles of money. The student is (2) The student demonstrates an understanding of the fundamental principles of money. The student is (A) explain forms of financial exchange, including cash, credit, debit, and electronic funds transfer; (B) compare and contrast various types of currency, including paper money, coins, banknotes, government bonds, and treasury notes; (C) identify functions of money, including medium of exchange, unit of measure, and store of value; Financial Management Practices 3 Like Money in the Bank Credit & Debt; Principles of Economics 1;3 Basics of Financial Contracts; Financial Markets Financial Management Practices 1 Management of Energy, Money & (2) The student demonstrates an understanding of the fundamental principles of money. The student is (D) describe sources of income, including wages and salaries, interest, rent, dividends, capital gains, and transfer payments; Credit & Debt 1 Debt & Bankruptcy Page 2 of 17

4 TEKS (Knowledge and (2) The student demonstrates an understanding of the fundamental principles of money. The student is Student Expectation MPU Disc Lesson (E) explain the time value of money; Credit & Debt; Economics in Business 1; 2 Basics of Financial Contracts; The Invisible Hand (2) The student demonstrates an understanding of the fundamental principles of money. The student is (2) The student demonstrates an understanding of the fundamental principles of money. The student is (3) The student describes economic systems. The (3) The student describes economic systems. The (3) The student describes economic systems. The (3) The student describes economic systems. The (3) The student describes economic systems. The (F) discuss the purposes and importance of credit; and (G) explain legal responsibilities associated with financial exchanges. (A) compare the types of economic systems and market structures; (B) explain the concept of private enterprise, including sole proprietorships, partnerships, and corporations; (C) identify and analyze the impact of economic concepts in historical documents, including the United States Constitution; (D) identify factors affecting profit, revenue, and expenses; (E) determine factors affecting business risk; Credit & Debt 1 Introduction to Credit Credit & Debt 1 Basics of Financial Contracts Economics in Business 1 Economic Concepts, Ecomimics Systems Economics in Business 1 Economic Systems Economics in Business 2 The Invisible Hand Economics in Business 1 Economic Concepts Economics in Business 1 Economic Concepts Page 3 of 17

5 TEKS (Knowledge and (3) The student describes economic systems. The (3) The student describes economic systems. The (3) The student describes economic systems. The (4) The student explains the impact of government on business activities within a free enterprise system. The student is (4) The student explains the impact of government on business activities within a free enterprise system. The student is (4) The student explains the impact of government on business activities within a free enterprise system. The student is (4) The student explains the impact of government on business activities within a free enterprise system. The student is (4) The student explains the impact of government on business activities within a free enterprise system. The student is Student Expectation MPU Disc Lesson (F) explain the concept of competition; Economics in Business; Principles of Economics 1; 1 Economic Concepts; Competition & Free Enterprise (G) describe market structures; and Principles of Economics 3 Financial Markets (H) understand the rights and responsibilities of consumers within various economic systems. (A) determine the relationship between government and business; (B) describe the nature of taxes; (C) discuss the nature of monetary policy; (D) discuss the supply and demand for money; (E) explain the role of the Federal Reserve System; Financial Mangement Practices; Economics in Business 1 Consumer Rights & Responsibilities; Consumer Economic Systems Economics in Business 1 Government's Role in Business Retirement, Investments & Savings; Business Finance Principles of Economics 4 Monetary Policy Principles of Economics 4 Monetary Policy Principles of Economics 4 Monetary Policy 1 Tax Management; Introduction to Taxes Page 4 of 17

6 TEKS (Knowledge and (4) The student explains the impact of government on business activities within a free enterprise system. The student is (4) The student explains the impact of government on business activities within a free enterprise system. The student is (5) The student discusses economic concepts impacting finance. The student is (5) The student discusses economic concepts impacting finance. The student is Student Expectation MPU Disc Lesson (F) explain the concept of fiscal policies; and (G) describe the effects of fiscal and monetary policies. (A) distinguish between economic goods and services; (B) analyze the impact of technological innovations on the marketing and distribution of goods and services; Principles of Economics 4 Monetary Policy Principles of Economics 4 Monetary Policy Economics in Business 1 Consumer Economic Systems (5) The student discusses economic concepts impacting finance. The student is (C) explain the concept of economic resources; Economics in Business 1 Economic Processes (5) The student discusses economic concepts impacting finance. The student is (D) describe the concepts of economics and economic activities; Economics in Business 1 Economic Concepts (5) The student discusses economic concepts impacting finance. The student is (E) determine economic utilities created by business activities; Economics in Business 1 Economic Concepts Page 5 of 17

7 (5) The student discusses (F) explain the relationship between Economics in Business; Principles of 2; 1 The Invisible Hand; Supply & Demand economic concepts impacting finance. The student is supply and demand; and Economics (5) The student discusses (G) describe the functions of prices in Principles of Economics 1 Supply & Demand economic concepts impacting finance. The student is markets. (6) The student describes (A) describe the concept of price stability Principles of Economics 1 Supply & Demand economic indicators impacting as an economic measure; financial decision making. The (6) The student describes economic indicators impacting financial decision making. The (6) The student describes economic indicators impacting financial decision making. The (6) The student describes economic indicators impacting financial decision making. The (6) The student describes economic indicators impacting financial decision making. The (6) The student describes economic indicators impacting financial decision making. The (B) discuss the measure of consumer spending as an economic indicator; (C) discuss the impact of a nation's unemployment rates; (D) explain the concept of Gross Domestic Product; (E) describe the economic impact of inflation on business; (F) explain unemployment and inflation tradeoffs; Principles of Economics 1 Supply & Demand Economics in Business 1 Consumer Economic Systems Principles of Ecomomics 1 Business Cycle & Growth, Inflation Principles of Ecomomics 1 Inflation Principles of Ecomomics 1 Inflation Page 6 of 17

8 (6) The student describes (G) explain the economic impact of Principles of Ecomomics 1 Inflation economic indicators impacting interest rate fluctuations; and financial decision making. The (6) The student describes economic indicators impacting financial decision making. The (H) determine the impact of business cycles on business activities. Economics in Business; Principles of Economics 1; 1 Economic Concepts; Business Cycle & Growth (7) The student determines the impact of global/international trade on business decision making. The (7) The student determines the impact of global/international trade on business decision making. The (7) The student determines the impact of global/international trade on business decision making. The (7) The student determines the impact of global/international trade on business decision making. The (8) The student employs sociological knowledge to (A) explain the nature of global trade; Economics in Business 1 U.S. & International Trade (B) describe the determinants of exchange rates and their effects on the domestic economy; (C) discuss the impact of cultural and social environments on global trade; and (D) explain labor issues associated with global trade. (A) analyze and interpret complex societal issues, events, and problems; Financial Management Practices 1 Personal Financial Planning Page 7 of 17

9 TEKS (Knowledge and (8) The student employs sociological knowledge to Student Expectation MPU Disc Lesson (B) analyze and evaluate the validity of information and statistics from primary and secondary sources for bias, propaganda, point of view, and frame of reference; Financial Management Practices 1 Management of Energy, Money & (8) The student employs sociological knowledge to (C) reach reasoned conclusions; Financial Management Practices 1 Management of Energy, Money & (8) The student employs (D) examine social beliefs, ethics, Financial Management Practices 1 Personal Financial Planning sociological knowledge to influences, and behavior; (8) The student employs sociological knowledge to (E) analyze group dynamics; and Financial Management Practices 1 Financial Decision Making Factors (8) The student employs sociological knowledge to (F) assess human behavior, including the impact of technological innovations or communication. (A) recognize factors influencing perception; Core Competency Disc (B) identify sources of attitude formation; Core Competency Disc (C) assess methods used to evaluate attitudes; Skills for Real World Survival Financial Management Practices 1 Financial Decision Making Factors Skills for Real World Survival Financial Management Practices 1 Financial Decision Making Factors; Management of Energy, Money & Page 8 of 17

10 (E) determine behavioral effects of social and cultural strata; (D) identify social and cultural strata; Financial Management Practices 1 Management of Energy, Money & (F) analyze effects of others on individual behavior; (G) predict likelihood of conformity and obedience; (H) determine significance of aggression; Core Competency Disc (I) recognize factors affecting personality; Core Competency Disc (J) evaluate the nature of change over a lifetime; Financial Management Practices 1 Management of Energy, Money & Financial Management Practices 1 Management of Energy, Money & Financial Management Practices 1 Financial Decision Making Factors Core Competency Disc Skills for Real World Survival Skills for Real World Survival Skills for Real World Survival (K) identify sources of stress; Financial Management Practices 1 Management of Energy, Money & (L) detail reactions to stress; Financial Management Practices 1 Management of Energy, Money & Page 9 of 17

11 TEKS (Knowledge and (10) The student analyzes personal financial needs and goals based on current and projected economic factors. The (10) The student analyzes personal financial needs and goals based on current and projected economic factors. The (10) The student analyzes personal financial needs and goals based on current and projected economic factors. The Student Expectation MPU Disc Lesson (M) employ strategies for dealing with stress; (N) investigate factors affecting motivation; (O) analyze cues to basic drives and motives; and Financial Management Practices 1 Management of Energy, Money & Financial Management Practices 1 Management of Energy, Money & Financial Management Practices 1 Management of Energy, Money & (P) analyze the development of motives. Financial Management Practices 1 Management of Energy, Money & (A) explain the nature of financial needs, including college, retirement, wills, and insurance; Financial Management Practices 1 Personal Financial Planning (B) set personal financial goals; and Financial Management Practices 2 Budgeting Basics (C) justify how those personal financial goals are realistic within the current and projected economy. (A) develop a budget based on personal financial goals; Financial Management Practices 1 Personal Financial Planning Financial Management Practices 1 Personal Financial Planning Page 10 of 17

12 TEKS (Knowledge and Student Expectation MPU Disc Lesson (B) explain the benefits of saving and investing; Financial Management Practices 1 Personal Financial Planning (C) explain the nature of tax liabilities; Retirement, Investments & Savings 1 Tax Management (D) interpret a pay stub; Financial Management Practices 3 Show Me the Money (E) read and reconcile bank statements; Financial Management Practices 1 Management of Energy, Money & (F) maintain financial records; Financial Management Practices 3 Like Money in the Bank (G) demonstrate the wise use of credit; Credit & Debt 1 Introduction to Credit (H) validate a credit history; Credit & Debt 1 Introduction to Credit (I) protect against identity theft; and Credit & Debt 2 Help: They Stole my Name (J) prepare personal income tax forms, including the 1040E. Retirement, Investments & Savings 1 Tax Management Page 11 of 17

13 TEKS (Knowledge and (12) The student describes the use of financial service providers. The student is (12) The student describes the use of financial service providers. The student is (13) The student compares and contrasts investment strategies. The student is (13) The student compares and contrasts investment strategies. The student is (13) The student compares and contrasts investment strategies. The student is (14) The student identifies potential business threats and opportunities to protect a business's financial well-being. The Student Expectation MPU Disc Lesson (A) describe types of financial service providers; and (B) discuss considerations in selecting a financial service provider. (A) explain types of investments and illustrate an example of the responsible purchase, use, or disposal of personal and business property; (B) explain the nature of capital investment; and (C) establish investment goals and objectives. Credit & Debt 1 Basics of Financial Contracts Financial Management Practices 3 Like Money in the Bank Retirement, Investments & Savings 3 Make Your Money Grow Retirement, Investments & Savings 1 Earning Interest Retirement, Investments & Savings 1 Earning Interest (A) describe the concept of insurance; Retirement, Investments & Savings 1 Insurance: The Basics (14) The student identifies potential business threats and opportunities to protect a business's financial well-being. The (B) simulate obtaining insurance coverage; Retirement, Investments & Savings 1 Insurance: The Basics Page 12 of 17

14 (14) The student identifies potential business threats and opportunities to protect a business's financial well-being. The (C) simulate settling insurance losses; Retirement, Investments & Savings 1 Insurance: The Basics (14) The student identifies potential business threats and opportunities to protect a business's financial well-being. The (14) The student identifies potential business threats and opportunities to protect a business's financial well-being. The (D) identify speculative business risks; and (E) explain the nature of risk management. Retirement, Investments & Savings 1 Insurance: The Basics Retirement, Investments & Savings 1 Insurance: The Basics (15) The student simulates the obtaining of business credit and controlling its use. The (15) The student simulates the obtaining of business credit and controlling its use. The (15) The student simulates the obtaining of business credit and controlling its use. The (15) The student simulates the obtaining of business credit and controlling its use. The (A) explain the purposes and importance of obtaining business credit; Credit & Debt 1 Introduction to Credit (B) analyze critical banking relationships; Credit & Debt 1 Introduction to Credit (C) make critical decisions regarding acceptance of bank cards; (D) determine financing needed for business operations; Credit & Debt 1 Introduction to Credit Business Finance 1 Starting a Small Business Page 13 of 17

15 (15) The student simulates (E) identify risks associated with Credit & Debt 1 Introduction to Credit the obtaining of business credit and controlling its use. The obtaining business credit; (15) The student simulates (F) explain sources of financial Credit & Debt 1 Basics of Financial Contracts the obtaining of business credit and controlling its use. The assistance; (15) The student simulates (G) explain loan evaluation criteria used Credit & Debt 1 Basics of Financial Contracts the obtaining of business credit and controlling its use. The by lending institutions; and (15) The student simulates (H) simulate completing a loan Credit & Debt 1 Basics of Financial Contracts the obtaining of business credit and controlling its use. The application package. (A) describe the nature of budgets; Financial Management Practices 1; 2 Management of Energy, Money & ; Budgeting Basics is (B) explain the nature of operating Financial Management Practices 2 Budgeting Basics is budgets; is (C) describe the nature of cost-benefit analysis; Financial Management Practices 1 Financial Decision Making Factors Page 14 of 17

16 (D) determine relationships among total Business Finance 1 Budgeting for Business is revenue, marginal revenue, output, and profit; (E) simulate developing a company Business Finance 1 Budgeting for Business is department budget; (F) forecast sales; Business Finance 1 Starting a Small Business is (G) calculate financial ratios; Credit & Debt 1 Debt & Bankruptcy is (H) interpret financial statements; Business Finance 1 Starting a Small Business; Budgeting for Business is is (I) describe types of financial statement analysis, including ratio analysis and trend analysis; and Business Finance 1 Starting a Small Business; Budgeting for Business Page 15 of 17

17 (J) identify problems within financial statements. Business Finance 1 Starting a Small Business; Budgeting for Business is (17) The student understands (A) describe the role of financial Financial Management Practices 3 Like Money in the Bank the importance of financial institutions; and markets in business. The (17) The student understands the importance of financial markets in business. The (B) explain types of financial markets, including money markets, securities markets, property market, and market for risk transfer. Retirement, Investments & Savings 1 Earning Interest (18) The student develops an understanding of the nature of asset values. The student is (18) The student develops an understanding of the nature of asset values. The student is (19) The student uses sources of securities information to make informed financial decisions. The (19) The student uses sources of securities information to make informed financial decisions. The (A) describe factors that affect the value of an asset, including cash flow, growth rate, timing, inflation interest rate, opportunity cost, risk, and required return; and (B) read and interpret the value of an asset. (A) describe sources of securities information, charts, and graphs; and Retirement, Investments & Savings 1 Earning Interest Business Finance 1 Starting a Small Business Retirement, Investments & Savings 2 Stock Market Basics (B) read and interpret securities tables. Retirement, Investments & Savings 2 Stock Market Basics Page 16 of 17

18 (20) The student identifies (A) describe the financial needs of a Business Finance 1 Starting a Small Business; Budgeting skills and attributes necessary business at different stages of for Business for professional advancement. development; The (20) The student identifies skills and attributes necessary for professional advancement. The (B) discuss factors to consider in Business Finance 1 Starting a Small Business; Budgeting choosing between debt and equity capital; for Business and (20) The student identifies skills and attributes necessary for professional advancement. The (C) explain the significance of capital structure. Business Finance 1 Starting a Small Business; Budgeting for Business Page 17 of 17