North Carolina Standards for Economics and Personal Finance

North Carolina
Economics & Personal Finance Standards

We compared our learning materials and the core financial literacy concepts that are covered in our Budget and Stock Games to the personal finance and economics standards for the state of North Carolina.

A list of the North Carolina Standards for Economics and Personal Finance are below, along with a selection of activities from our games and library that align with each standard. Our Learning Library contains over 300 total lessons that can be customized for every class, so this may not include every lesson that may apply for each standard.

Course Outlines, Lesson Plans & Student Activities

Students 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!

3-Week Enrichment Program

3-Week Enrichment Program
18-Week Course Outline

18-Week Course Outline
9-Week Course Outline

9-Week Course Outline

Get to Know PersonalFinanceLab®

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.

Personal Budgeting Game

A monthly budget game with real-life scenarios and consequences.

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Stock Market Game

Build your students confidence in the financial markets as they learn how to invest their money wisely.

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Embedded Lessons

Self-graded lessons aligned to National and Jump$tart Standards.

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We’re Here to Help!

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.

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North Carolina Economics and Personal Finance Standards Alignment

Find 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 – What are 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 – Fiscal Policy Explained
Lesson – Monetary Policy
Lesson – The Importance of Interest Rates
Lesson – Unemployment
Lesson – Labor and Productivity
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 – 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 – Fiscal Policy Explained
Explain the impact of trade on the interdependence between nations. Lesson – International Trade
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 – Career Development
Lesson – Income and Compensation
Lesson – Family Planning
Lesson – Preparing for 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 – Student Loans
Lesson – Career Development
Identify the costs of post-secondary education and the potential increase in income from a career of choice. Lesson – Work or Study
Lesson – Student Loans
Lesson – Career Development
Compare strategies which can minimize the costs of post-secondary education. Lesson – Work or Study
Lesson – Student Loans
Summarize various types of income. Lesson – Income and Compensation
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 – Taxation Overview
Lesson – Sales Tax
Implement appropriate computations and procedures to prepare a federal or state tax form. Lesson – Tax Filing and the Form 1040
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 – Budgeting
Lesson – Spending and Savings Plans
Lesson – Budgeting and Spending Strategies
Critique income and spending plans in terms of age, individual needs, and available resources. Lesson – Budgeting
Lesson – Family Planning
Lesson – Preparing for Retirement
Compare the costs and benefits of renting, leasing, or owning. Activity – Use the Buy vs Lease Calculator
Compare various types of mortgages. Lesson – Mortgages
Design a plan that uses the services of various financial institutions to meet financial goals. Lesson – Pay Yourself First
Lesson – Banks, Credit Unions, and Savings and Loans
Lesson – Investing Strategies
Explain how interest and fees impact spending, debt, and savings. Lesson – The Importance of Interest Rates
Activity – Use the Saving to be a Millionaire Calculator
Activity – Use the Compound Interest Calculator
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 – Debit Cards
Lesson – Credit Cards
Lesson – Using Credit
Lesson – Short-Term Financing
Lesson – Automatic Payments
Compare credit sources and services. Lesson – Managing Debt
Lesson – Credit Cards
Lesson – Using Credit
Lesson – Short-Term Financing
Explain how debt management and creditworthiness impact an individual’s ability to become a responsible consumer and borrower. Lesson – Managing Debt
Lesson – Credit Reports
Lesson – Using Credit
Summarize the advantages and disadvantages of debt. Lesson – Good Debt, Bad Debt
Classify the various types of insurance and estate planning including the benefits and consequences. Lesson – Renter’s Insurance
Lesson – Home Owner’s Insurance
Lesson – Car Insurance
Lesson – Life Insurance
Lesson – Health Insurance
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 – Investing Strategies
Lesson – Taxation Overview
Activity – Use the Investment Return Calculator
Identify factors (i.e. income, budget, cost of living, experiences) that influence financial planning. Lesson – Building a diversified portfolio
Lesson – Family Planning
Lesson – Planning for Long Term Purchases
Lesson – Preparing for Retirement
Lesson – What is Wealth?
Lesson – Building Wealth
Summarize the role of philanthropy, volunteer services, businesses, and nonprofits in community development and quality of life. Lesson – Charitable Giving
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 – Spending and Savings Plans
Lesson – Analyzing Consumer Behavior
Identify information, reviews, and reports consumers use to make financial decisions. Lesson – Researching Spending
Lesson – Investing Strategies
Lesson – Risk
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 – Consumer rights and responsibilities
Summarize various types of fraudulent solicitation and business practices. Lesson – Protecting Against Fraud
Summarize ways consumers can protect themselves from fraudulent and deceptive practices. Lesson – Protecting Against Fraud

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