Jump $tart: How our course meets their Standards
| Combined Standard | Combined Lesson Name |
Lesson Description
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Earning Income 12-1: |
Chapter 1 – Section 1.2: Introduction to Personal Finance – Types of Compensation and Benefits |
This lesson introduces students to various forms of compensation and benefits associated with different jobs and careers, including wages, salaries, commissions, and tips. It also covers employee benefits like health insurance and retirement plans.
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| Earning Income 12-2: In addition to wages and paid benefits, employees may also value intangible (non-cash) benefits, such as good working conditions, flexible work hours, telecommuting privileges, and career advancement potential. |
Chapter 1 – Section 1.3: Introduction to Personal Finance – Intangible Benefits |
This lesson explores intangible benefits that employees may value in addition to wages and paid benefits, such as good working conditions and flexible work hours.
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| Earning Income 12-3: People vary in their opportunity and willingness to incur the present costs of additional training and education in exchange for future benefits, such as earning potential. |
Chapter 1 – Section 1.4: Introduction to Personal Finance – Costs of Training and Education |
This lesson covers the present costs of additional training and education and their future benefits, such as increased earning potential.
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| Earning Income 12-4: Employers generally pay higher wages or salaries to more educated, skilled, and productive workers than to less educated, skilled, and productive workers. |
Chapter 1 – Section 1.5: Introduction to Personal Finance – Wages and Education |
This lesson discusses how employers pay higher wages or salaries to more educated, skilled, and productive workers.
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| Earning Income 12-5: Changes in economic conditions, technology, or the labor market can cause changes in income, career opportunities, or employment status. |
Chapter 1 – Section 1.6: Introduction to Personal Finance – Economic Conditions and Income |
This lesson examines how changes in economic conditions, technology, or the labor market can affect income, career opportunities, or employment status.
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| Spending 12-1: A budget helps people achieve their financial goals by allocating income to necessary and desired spending, saving, and philanthropy. |
Chapter 2 – Section 2.1: Financial Attitudes and Behaviors – Creating and Managing a Budget |
This lesson focuses on budgeting and how it helps individuals allocate their income to achieve financial goals. It also addresses the importance of making informed spending decisions to improve financial well-being.
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| Spending 12-2: Consumer decisions are influenced by the price of products or services, the price of alternatives, the consumer’s budget and preferences, and potential impact on the environment, society, and economy. |
Chapter 2 – Section 2.2: Financial Attitudes and Behaviors – Consumer Decision Influences |
This lesson looks at the various factors that influence consumer decisions, including price, budget, and potential impact on the environment, society, and economy.
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| Spending 12-3: When purchasing a good that is expected to be used for a long time, consumers consider the product’s durability, maintenance costs, and various product features. |
Chapter 2 – Section 2.3: Financial Attitudes and Behaviors – Purchasing Durable Goods |
This lesson covers considerations for purchasing durable goods, including product durability, maintenance costs, and features.
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| Spending 12-4: Consumers may be influenced by how prices of goods and services are advertised, and whether prices are fixed or negotiable. |
Chapter 2 – Section 2.4: Financial Attitudes and Behaviors – Advertising and Pricing |
This lesson examines how prices of goods and services are advertised and whether they are fixed or negotiable.
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| Spending 12-5: Consumers incur costs and realize benefits when searching for information related to the purchase of goods and services. |
Chapter 2 – Section 2.5: Financial Attitudes and Behaviors – Information Costs and Benefits |
This lesson explores the costs and benefits of searching for information related to the purchase of goods and services.
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| Saving 12-1: Financial institutions offer several types of savings accounts, including regular savings, money market accounts, and certificates of deposit (CDs), that differ in minimum deposits, rates, and deposit insurance coverage. |
Chapter 3 – Section 3.1: Saving Strategies – Understanding Different Savings Accounts |
This lesson explores different types of savings accounts offered by financial institutions, including regular savings, money market accounts, and CDs. It discusses the features, benefits, and interest rates associated with each type.
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| Saving 12-2: Deposit account interest rates and fees vary between financial institutions and depend on market conditions and competition. |
Chapter 3 – Section 3.2: Saving Strategies – Interest Rates and Fees |
This lesson discusses how deposit account interest rates and fees vary between financial institutions and depend on market conditions and competition.
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| Saving 12-3: Unless offered by insured financial institutions, mobile payment accounts and cryptocurrency accounts are not federally insured and usually do not pay interest to depositors. |
Chapter 3 – Section 3.3: Saving Strategies – Non-insured Accounts |
This lesson explains the risks associated with non-insured accounts such as mobile payment accounts and cryptocurrency accounts.
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| Saving 12-4: Inflation can erode the value of savings if the interest rate earned on a savings account is less than the inflation rate. |
Chapter 3 – Section 3.4: Saving Strategies – Inflation and Savings |
This lesson discusses how inflation can erode the value of savings if the interest rate earned on a savings account is less than the inflation rate.
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| Saving 12-5: Government agencies such as the Federal Reserve, the FDIC, and the NCUA, along with their counterparts in state government, supervise and regulate financial institutions to improve financial solvency, legal compliance, and consumer protection. |
Chapter 3 – Section 3.5: Saving Strategies – Financial Regulation |
This lesson explores how government agencies supervise and regulate financial institutions to improve financial solvency, legal compliance, and consumer protection.
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| Investing 12-1: A person’s investment risk tolerance depends on factors such as personality, financial resources, investment experiences, and life circumstances. |
Chapter 4 – Section 4.1: Introduction to Investing – Assessing Investment Risk Tolerance |
This lesson introduces students to the concept of investment risk tolerance and factors influencing it, such as personality and financial resources.
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| Investing 12-2: Investors earn investment returns from price changes and annual cash flows (such as interest, dividends, or rent). The nominal annual rate of return is the annual total dollar benefit as a percentage of the beginning price. |
Chapter 4 – Section 4.2: Introduction to Investing – Investment Returns |
This lesson covers how investors earn investment returns from price changes and annual cash flows such as interest, dividends, or rent.
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| Investing 12-3: Investors expect to earn higher rates of return when they invest in riskier assets. |
Chapter 4 – Section 4.3: Introduction to Investing – Riskier Assets and Returns |
This lesson explains why investors expect to earn higher rates of return when they invest in riskier assets.
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| Investing 12-4: Because inflation reduces purchasing power over time, the real return on a financial asset is lower than its nominal return. |
Chapter 4 – Section 4.4: Introduction to Investing – Real vs Nominal Returns |
This lesson discusses the impact of inflation on purchasing power and how real returns are lower than nominal returns.
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| Investing 12-5: The prices of financial assets change in response to market conditions, interest rates, company performance, new information, and investor demand. |
Chapter 4 – Section 4.5: Introduction to Investing – Price Changes in Financial Assets |
This lesson examines how the prices of financial assets change in response to market conditions, interest rates, company performance, new information, and investor demand.
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