Colorado
6th Grade
State Standards
Personal Financial Literacy
8Apply economic reasoning skills to make informed personal financial decisions.
FL.6.5.1Investigate the role of consumers and businesses within the Western Hemisphere.
Students Can
aExplain the roles of buyers and sellers in product, labor, and financial markets.
bExplore how consumer spending decisions and demand impact market economies.
cAnalyze how external factors might influence spending decisions for different individuals.
dUnderstand how basic budgeting, investing, saving, and personal behavior with money affects the economic system as a consumer and/or producer.
Colorado Essential Skills
1Demonstrate an understanding of cause and effect related to personal financial decisions (Civic Engagement, Interpersonal Communication).
2Identify and explain multiple perspectives (cultural and global) when exploring economic events, ideas, and issues within the Western Hemisphere (Civic Engagement, Global and Cultural Awareness).
3Assess personal strengths and limitations with a well-grounded sense of confidence, optimism, and a growth mindset (Self-Awareness).
Inquiry Questions
1How did different societies in the Western Hemisphere define the roles of buyers and sellers in the various markets?
2What role did the distribution of resources play in personal financial decisions?
3What role have competition and wages played in different cultures?
4Why is it important to analyze the various levels of a culture before understanding how individuals in that culture would make financial decisions?
5How might your personal spending impact market growth or decline?
Nature and Skills of Personal Financial Literacy
1Financially capable individuals determine how history, location, and the distribution of resources have impacted financial decisions.
2Financially 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.
3Financially capable individuals understand that populations within various cultures have made individual financial decisions differently throughout time and location.
4Financially capable individuals identify that peoples' decisions as consumers are formed from diverse and unique experiences.
Disciplinary, Information, and Media Literacy
1Analyze how and why individuals, events, and ideas develop on social media.
2Explain how a question represents key ideas in the field.
3Explain points of agreement experts have about interpretations and applications of disciplinary concepts and ideas associated with a compelling question.
4Integrate multimedia as effective tools for presenting and clarifying information.