Unit 9 Overview

Objectives

Unit 9:1 Understanding financial literacy and services.

a. Define financial literacy.

b. Recognize the role of financial service providers in achieving financial goals.

Unit 9:2Demonstrate an understanding of the purpose and importance of credit.

a. Identify sources of credit.

b. Compare types of credit.

c. Compute cost of using and extending credit.

Unit 9:3 Recognize the role of major financial decisions in personal financial literacy.

a. Summarize the use of a budget to make personal economic decisions and plan for the future.

b. Compare and contrast different incomes in careers depending on supply and demand of

skills and education levels.

c. Research the different roles in the economy such as producers, consumers, savers, workers, and investors.

d. Examine the tools that can be used to manage financial resources.

e. Examine consequences of economic choices made by individuals.

Enduring Understandings

In this unit, the student will do the following:

• Know how to manage a budget.

• Understand that daily living takes money and sacrifice for most people.

Essential Questions

• How do you know you are making good financial decisions?

• What does it mean to live on a budget?

• How do credit card companies and banks make profits?

Terms

Budget

Consumer

Credit

Economy

Finance

Interest

Investor

Literate

Producer

Profit