Idaho Financial Literacy Standards: Helpful Teacher Resource

Idaho Financial Literacy Standards Alignment

Find out which of our lessons or games reinforce the individual
knowledge statements from the Idaho Content Standards for Financial Literacy.

Legend:

Long-Term Game
Comprehensive Chapter
Short Lesson
Interactive Calculator
Includes Automatically-Graded Assessment

Standard	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain basic economic concepts.
Describe the emergence of the modern corporation.	Lesson – Forms of Business Ownership Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism Lesson – Types of Companies Lesson – What is Cottage Industry
Describe the development of a consumer economy.	Lesson – Benefits of Competition Lesson – Why Do Some Jobs Pay More Than Others? Lesson – Protect Yourself as a Consumer
Analyze the role of the modern United States in the global economy.	Lesson – Why is it called Wall Street? Lesson – What is the New York Stock Exchange? Lesson – What is Specialization? Lesson – How Global Trade Shapes Our Economy
Apply the concepts of supply and demand, scarcity, and opportunity costs, and explain their implications in decision making.	Stock Game – Core Component Lesson – Supply and Demand Examples in the Stock Market Lesson – Opportunity Cost Lesson – Why is there scarcity? Lesson – How to Develop an Investing Strategy Lesson – What is Diversification & How to Spread Your Risk Activity – Net Present Value (NPV) Calculator
Identify ways in which the interaction of all buyers and sellers influences prices.	Lesson – Benefits of Competition Lesson – Supply and Demand Examples in the Stock Market Lesson – Decoding What Moves The Market
Identify how incentives determine what is produced and distributed in a competitive market system.	Lesson – Carrots, Sticks, and Your Wallet – All About Incentives Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Describe the factors of production.	Lesson – Why Do Some Jobs Pay More Than Others? Lesson – What is Specialization? Lesson – What Are Property Rights? Lesson – What Is Comparative Advantage?
Create and interpret graphs that model economic concepts.	Stock Game – Core Component Lesson – Getting (and understanding) stock quotes Lesson – What is Economics? Lesson – Gross Domestic Product
Explain the difference between monetary policy and fiscal policy and the role of the Federal Reserve.	Lesson – Why You Should Care About the Fed Lesson – What Is Monetary Policy? Lesson – What Does Fiscal Policy Mean? Lesson – Government impact on the economy
Analyze the various parts of the business cycle and its effect on the economy.	Lesson – The Business Cycle Lesson – Inflation Lesson – The Importance of Interest Rates
Identify different influences on economic systems.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Analyze the role of government policy in the economic development of the modern United States.	Lesson – Government impact on the economy
Analyze the economic impact of government policy.	Lesson – Government impact on the economy Lesson – What Is Monetary Policy? Lesson – What Does Fiscal Policy Mean?
Compare and contrast different economic systems and relate each to different forms of government.	Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Explain and illustrate the impact of economic policies and decisions made by governments, businesses, and individuals.	Budget Game – Core Component Stock Game – Core Component Lesson – Could the 1929 Crash Happen Again? Lesson – What is Entrepreneurship? Lesson – Government impact on the economy Lesson – What is Cottage Industry Lesson – How a Business Can Be Socially Responsible
Explain the purpose of labor unions.	Lesson – The Ultimate Employee Guide Lesson – The Anatomy of Unemployment and other programs
Analyze the different types of economic institutions.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Evaluate the role of financial institutions in the economic development of the United States.	Lesson – Choosing the Best Banking Option for You Lesson – When to hire a tax professional Lesson – Getting Help With Debt Repayment
Explain the characteristics of various types of business and market structures.	Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism Lesson – Types of Companies Lesson – What is Entrepreneurship?
Describe the elements of entrepreneurship and successful businesses.	Lesson – What is Entrepreneurship? Lesson – Competitive Advantage Lesson – How to Plan for Business Success Lesson – How Businesses Find Their Ideal Customers Lesson – How to Price Your Products & Services Lesson – Build Your First Marketing Plan
Identify the role of the financial markets and institutions.	Stock Game – Core Component Lesson – Choosing the Best Banking Option for You Lesson – What is the New York Stock Exchange? Lesson – Finding the Right Brokerage Account Lesson – Want to Work in Finance?
Explain the concepts of personal finance.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Analyze how economic conditions affect financial decisions.	Stock Game – Core Component Lesson – The Business Cycle Lesson – Demystifying the Impact of Interest Rates Lesson – Knowing Your Risks & Risk Tolerance Lesson – Inflation Activity – Model Your Financial Future
Examine and apply the elements of responsible personal fiscal management, such as budgets, interest, investment, savings, credit, and debt.	Budget Game – Core Component Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Proven Techniques to Stop Overspending Lesson – Achieve Financial Goals with a Spending Plan Lesson – The Secret to a Comfortable Retirement Activity – Find Out Your Monthly Home Budget
Identify and evaluate sources and examples of consumers’ responsibilities and rights.	Lesson – Protect Yourself as a Consumer
Discuss the impact of taxation as applied to personal finances.	Lesson – Tax Basics You Need to Know Lesson – Income Tax Filing Tips & Tricks
Analyze the political, social, and economic responses to industrialization and technological innovations in the development of the United States.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Analyze the impact of events, such as wars, industrialization, and technological developments on the business cycle.	Lesson – Knowing Your Risks & Risk Tolerance Lesson – Decoding What Moves The Market Lesson – Could the 1929 Crash Happen Again? Lesson – The Business Cycle Lesson – Labor and productivity
Analyze the human and physical characteristics of different places and regions.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain how the factors of production are distributed among geographic regions and how this influences economic growth.	Lesson – How Global Trade Shapes Our Economy Lesson – What is Specialization Lesson – Comparitive Advantage Lesson – Analyzing Consumer Behavior Lesson – How Businesses Find Their Ideal Customers
Build an understanding of the organization and formation of the American system of government.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Explain the basic functions of government in a mixed economic system.	Lesson – Government impact on the economy Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism
Identify laws and policies adopted in the United States to regulate competition.	Lesson – Externalities Lesson – What are Price Controls?
Examine the federal budget, debt, and deficit, and their implications on the economy.	Lesson – Why You Should Care About the Fed Lesson – What is Economic Growth? Lesson – Major Economic Indicators (GDP, CPI, Jobs)
Build an understanding of multiple perspectives and global interdependence.	Activity	Long-Term Game	Comprehensive Chapter	Short Lesson	Interactive Calculator	Graded Assessment
Describe the involvement of the United States in international economic organizations and treaties, such as GATT, IMF, and the WTO.	Lesson – How Global Trade Shapes Our Economy
Analyze global economic interdependence and competition.	Lesson – How Global Trade Shapes Our Economy Lesson – Why Do Some Jobs Pay More Than Others? Lesson – What Are Property Rights? Lesson – What Is Comparative Advantage?
Apply economic concepts to explain the role of imports/exports both nationally and internationally.	Lesson – How Global Trade Shapes Our Economy Lesson – Supply and Demand Examples in the Stock Market Lesson – What is Economics?