A list of the North Carolina Standards for Economics and Personal Finance are below, along with a selection of activities from our games and lessons that align with each standard.
Are you teaching Financial Planning I Honors? Check out how we align to the pacing guide by clicking this link.
Learn moreStudents will learn through playing the interactive online games, as well as completing the self-graded lessons that were designed to keep young learners engaged.
When you order PersonalFinanceLab® for your class, you’ll also get access to course outlines, lesson plans, student activities and grading rubrics that tie everything together.
Check out our course outlines, we’ll walk you through every step of the way!
We’re here to help engage your students to learn how to manage their money responsibly. Learn more about each of the main features and see how we can help transform your class.
Build your students confidence in the financial markets as they learn how to invest their money wisely.
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Discover how the fully customizable platform can be tailored to fit the needs of your class by talking to a member of our team. Our curriculum specialists can guide you on how to integrate our lessons and games into your existing curriculum.
Schedule a callFind out which of our lessons or games reinforce the individual
knowledge statements from the North Carolina Economics and Personal Finance standards.
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 |
| Economics | ||||||
| Compare how individuals and governments utilize scarce resources in traditional, command, market, and mixed economies. |
Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism Lesson – Supply and Demand Examples in the Stock Market Lesson – What is Economics? | |||||
| Distinguish market structures in terms of economic characteristics and the roles they play in decision-making and opportunity costs. |
Lesson – Opportunity Cost Lesson – Externalities Lesson – Comparative Economic Systems – Capitalism, Socialism, and Communism Lesson – Government impact on the economy | |||||
| Explain how supply and demand determine equilibrium price and quantity produced. |
Lesson – What is Supply? Lesson – What is Demand? Lesson – Supply and Demand Examples in the Stock Market | |||||
| Compare the ways in which incentives and profits influence what is produced and distributed in a market system. |
Lesson – Carrots, Sticks, and Your Wallet – All About Incentives Lesson – Benefits of Competition Lesson – Competitive Advantage | |||||
| Summarize basic macroeconomic indicators and how they vary over the course of a business cycle. |
Lesson – Major Economic Indicators (GDP, CPI, Jobs) Lesson – Gross Domestic Product Lessom – The Business Cycle | |||||
| Summarize basic microeconomic indicators and how they vary over the course of a business cycle. |
Lesson – Supply and Demand Examples in the Stock Market Lesson – What are Price Controls? Lessom – The Business Cycle | |||||
| Explain how fiscal policy and monetary policy influence overall levels of employment, interest rates, production, price level, and economic growth. |
Lesson – What Does Fiscal Policy Mean? Lesson – What Is Monetary Policy? Lesson – The Importance of Interest Rates Lesson – The Anatomy of Unemployment Lesson – Why Do Some Jobs Pay More Than Others? | |||||
| Differentiate organizations in terms of their roles and functions in the United States economy. | Lesson – Types of Companies | |||||
| Identify the role the government plays in providing a legal structure to protect property rights and enforce contracts. |
Lesson – What Are Property Rights? Lesson – What makes a contract valid? | |||||
| Explain how government regulation impacts market activity. | Lesson – Government impact on the economy | |||||
| Explain how taxes and fees fund government goods and services. | Lesson – What Does Fiscal Policy Mean? | |||||
| Explain the impact of trade on the interdependence between nations. | Lesson – How Global Trade Shapes Our Economy | |||||
| Income and Education | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
| Explain how education, income, career, and life choices impact an individual’s financial planand goals. |
Lesson – Planning Your Career Path Lesson – What’s in Your Compensation Package? Lesson – The Cost of Raising a Family Lesson – The Secret to a Comfortable Retirement Lesson – Planning for Long Term Purchases | |||||
| Differentiate career and education options after high school in terms of desired lifestyle. |
Lesson – Work or Study Lesson – Financing Your Education Lesson – Planning Your Career Path | |||||
| Identify the costs of post-secondary education and the potential increase in income from a career of choice. |
Lesson – Work or Study Lesson – Financing Your Education Lesson – Planning Your Career Path | |||||
| Compare strategies which can minimize the costs of post-secondary education. |
Lesson – Work or Study Lesson – Financing Your Education | |||||
| Summarize various types of income. |
Lesson – What’s in Your Compensation Package? Lesson – What is Money? | |||||
| Explain how payroll deductions modify an employee’s disposable income. |
Budget Game – Core Component Lesson – Payroll Best Practices | |||||
| Identify the types and purposes of local, state, and federal taxes and the way each is levied and used. |
Lesson – Tax Basics You Need to Know Lesson – Sales Tax: Who Pays, Collects, and Why? | |||||
| Implement appropriate computations and procedures to prepare a federal or state tax form. | Lesson – Income Tax Filing Tips & Tricks | |||||
| Money and Credit Management | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
| Explain how fiscally responsible individuals create and manage a spending plan. |
Lesson – Break Free From Money Stress with a Budget Lesson – Achieve Financial Goals with a Spending Plan Lesson – Proven Techniques to Stop Overspending | |||||
| Critique income and spending plans in terms of age, individual needs, and available resources. |
Lesson – Break Free From Money Stress with a Budget Lesson – The Cost of Raising a Family Lesson – The Secret to a Comfortable Retirement | |||||
| Compare the costs and benefits of renting, leasing, or owning. | Activity – Rent or Buy: Which is Right for You? | |||||
| Compare various types of mortgages. | Lesson – Mortgage Options for First-Time Homebuyers | |||||
| Design a plan that uses the services of various financial institutions to meet financial goals. |
Lesson – Pay Yourself First: A Simple Yet Powerful Way to Build Wealth Lesson – Choosing the Best Banking Option for You Lesson – How to Develop an Investing Strategy | |||||
| Explain how interest and fees impact spending, debt, and savings. |
Lesson – The Importance of Interest Rates Activity – Crack the Code to Becoming a Millionaire Activity – Watch How Your Savings Could Grow Activity – Use the Credit Card Payments Calculator | |||||
| Compare costs and benefits of cash, debit, payment applications, and credit card transactions in terms of interest rates, fees, penalties, costs, and benefits. |
Lesson – What is Money? Lesson – How Debit Cards Work Lesson – Credit Cards: Terms, Fees, and More Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – What to Do When You Need Money Fast Lesson – Automatic Payments: Convenience vs. Risk | |||||
| Compare credit sources and services. |
Lesson – How Borrowers Manage Personal Debt Lesson – Credit Cards: Terms, Fees, and More Lesson – A Beginner’s Guide to Borrowing Wisely Lesson – What to Do When You Need Money Fast | |||||
| Explain how debt management and creditworthiness impact an individual’s ability to become a responsible consumer and borrower. |
Lesson – How Borrowers Manage Personal Debt Lesson – What Your Credit Report Says About You Lesson – A Beginner’s Guide to Borrowing Wisely | |||||
| Summarize the advantages and disadvantages of debt. | Lesson – How to Use Debt to Your Advantage | |||||
| Classify the various types of insurance and estate planning including the benefits and consequences. |
Lesson – What’s Not Covered in Renter’s Insurance? Lesson – What Damage Does Home Insurance Cover? Lesson – Car Insurance: How to Lower Your Rates Lesson – Life Insurance: The Ultimate Safety Net Lesson – Why Health Insurance is So Expensive | |||||
| Financial Planning | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
| Compare various investing strategies and tax implications for their potential to build wealth. |
Stock Game – Core Component Investing101 Certification Lesson – How to Develop an Investing Strategy Lesson – Tax Basics You Need to Know Activity – Model Your Financial Future | |||||
| Identify factors (i.e. income, budget, cost of living, experiences) that influence financial planning. |
Lesson – Building a diversified portfolio Lesson – The Cost of Raising a Family Lesson – Planning for Long Term Purchases Lesson – The Secret to a Comfortable Retirement Lesson – What is Wealth? Lesson – A Strategy to Build Wealth, Not Debt | |||||
| Summarize the role of philanthropy, volunteer services, businesses, and nonprofits in community development and quality of life. |
Lesson – A Guide to Effective Charitable Donations Lesson – Types of Companies | |||||
| Critical Consumerism | Activity | Long-Term Game | Comprehensive Chapter | Short Lesson | Interactive Calculator | Graded Assessment |
| Explain how advertising, social media, and business practices impact consumer decisions. |
Lesson – Achieve Financial Goals with a Spending Plan Lesson – Analyzing Consumer Behavior | |||||
| Identify information, reviews, and reports consumers use to make financial decisions. |
Lesson – How Do You Stop Impulse Purchases? Lesson – How to Develop an Investing Strategy Lesson – Knowing Your Risks & Risk Tolerance | |||||
| Explain how consumer-driven decisions impact the economy. |
Lesson – Analyzing Consumer Behavior Lesson – Supply and Demand Examples in the Stock Market Lesson – The Business Cycle | |||||
| Explain how consumer protection laws contribute to the empowerment of the individual. | Lesson – Protect Yourself as a Consumer | |||||
| Summarize various types of fraudulent solicitation and business practices. | Lesson – How to Avoid Identity Theft, Scams & Fraud | |||||
| Summarize ways consumers can protect themselves from fraudulent and deceptive practices. | Lesson – How to Avoid Identity Theft, Scams & Fraud |
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