Colorado
6th Grade
State Standards
Personal Financial Literacy
8: Apply economic reasoning skills to make informed personal financial decisions.
FL.6.5.1: Investigate the role of consumers and businesses within the Western Hemisphere.
Students Can
a: Explain the roles of buyers and sellers in product, labor, and financial markets.
b: Explore how consumer spending decisions and demand impact market economies.
c: Analyze how external factors might influence spending decisions for different individuals.
d: Understand how basic budgeting, investing, saving, and personal behavior with money affects the economic system as a consumer and/or producer.
Colorado Essential Skills
1: Demonstrate an understanding of cause and effect related to personal financial decisions (Civic Engagement, Interpersonal Communication).
2: Identify and explain multiple perspectives (cultural and global) when exploring economic events, ideas, and issues within the Western Hemisphere (Civic Engagement, Global and Cultural Awareness).
3: Assess personal strengths and limitations with a well-grounded sense of confidence, optimism, and a growth mindset (Self-Awareness).
Inquiry Questions
1: How did different societies in the Western Hemisphere define the roles of buyers and sellers in the various markets?
2: What role did the distribution of resources play in personal financial decisions?
3: What role have competition and wages played in different cultures?
4: Why is it important to analyze the various levels of a culture before understanding how individuals in that culture would make financial decisions?
5: How might your personal spending impact market growth or decline?
Nature and Skills of Personal Financial Literacy
1: Financially capable individuals determine how history, location, and the distribution of resources have impacted financial decisions.
2: Financially capable individuals understand that competition and wages are not just American concepts. These concepts have applied to individual financial decisions long before the birth of the nation.
3: Financially capable individuals understand that populations within various cultures have made individual financial decisions differently throughout time and location.
4: Financially capable individuals identify that peoples' decisions as consumers are formed from diverse and unique experiences.
Disciplinary, Information, and Media Literacy
1: Analyze how and why individuals, events, and ideas develop on social media.
2: Explain how a question represents key ideas in the field.
3: Explain points of agreement experts have about interpretations and applications of disciplinary concepts and ideas associated with a compelling question.
4: Integrate multimedia as effective tools for presenting and clarifying information.