Demonstrate critical-thinking and problem-solving skills.
- recognizing, analyzing, and solving problems that arise in completing assigned tasks
- identifying resources that may help solve a specific problem
- using a logical approach to make decisions and solve problems.
- What are some examples of problem-solving and decision-making methods, and how are they alike and different?
- What are the consequences of using a reasoning approach to problem solving and decision making? What are some potential consequences of using a non-reasoning approach?
- What steps are involved in implementing the solution to a problem?
- Why do you need to test a solution or decision?
Related Standards of Learning
History and Social Science
The student will develop the social studies skills responsible citizenship requires, including the ability to
- examine and interpret primary and secondary source documents;
- create and explain maps, diagrams, tables, charts, graphs, and spreadsheets;
- analyze political cartoons, political advertisements, pictures, and other graphic media;
- distinguish between relevant and irrelevant information;
- review information for accuracy, separating fact from opinion;
- identify a problem, weigh the expected costs and benefits and possible consequences of proposed solutions, and recommend solutions, using a decision-making model;
- formulate an informed, carefully reasoned position on a community issue;
- select and defend positions in writing, discussion, and debate.
The student will demonstrate knowledge of personal character traits that facilitate thoughtful and effective participation in civic life by
- practicing trustworthiness and honesty;
- practicing courtesy and respect for the rights of others;
- practicing responsibility, accountability, and self-reliance;
- practicing respect for the law;
- practicing patriotism;
- practicing decision making;
- practicing service to the school and/or local community.
Other Related Standards
Economics and Personal Finance Standards of Learning
- describing how consumers, businesses, and government decision makers face scarcity of resources and must make trade-offs and incur opportunity costs;
- explaining that choices often have long-term unintended consequences;
- describing how effective decision making requires comparing the additional costs (marginal costs) and additional benefits (marginal benefits);
- identifying factors of production;
- comparing the characteristics of market, command, tradition, and mixed economies; and
- identifying Adam Smith and describing the characteristics of a market economy.
- comparing the costs and benefits of purchasing vs. leasing a vehicle;
- comparing the advantages and disadvantages of renting vs. purchasing a home;
- describing the process of renting housing;
- describing the process of purchasing a home;
- calculating the cost of utilities, services, maintenance, and other housing expenses; and
- evaluating discretionary spending decisions.
- evaluating the various methods of financing a purchase;
- analyzing credit card features and their impact on personal financial planning;
- identifying qualifications needed to obtain credit;
- identifying basic provisions of credit and loan laws;
- comparing terms and conditions of various sources of consumer credit;
- identifying strategies for effective debt management, including sources of assistance;
- explaining the need for a good credit rating;
- comparing the costs and conditions of secured and unsecured loans; and
- comparing the types of voluntary and involuntary bankruptcy and the implications of each.
- evaluating insurance as a risk management strategy;
- distinguishing among the types, costs, and benefits of insurance coverage, including automobile, life, property, health, and professional liability; and
- explaining the roles of insurance in financial planning.
- describing the types and purposes of local, state, and federal taxes and the way each is levied and used;
- exploring how tax structures affect consumers, producers, and business owners differently;
- computing local taxes on products and services;
- examining potential tax deductions and credits on a tax return;
- explaining the content and purpose of a standard W-2 form; and
- explaining the similarities and differences between state and federal taxation of inheritances.
- identifying short-term and long-term personal financial goals;
- identifying anticipated and unanticipated income and expenses;
- examining components and purposes of a personal net worth statement;
- developing a personal budget;
- investigating the effects of government actions and economic conditions on personal financial planning; and
- explaining how economics influences a personal financial plan.
- comparing the impact of simple interest vs. compound interest on savings;
- comparing and contrasting investment and savings options;
- explaining costs and income sources for investments;
- examining the fundamental workings of Social Security and the system's effects on retirement planning;
- contrasting alternative retirement plans; and
- describing how the stock market works.