Standard 2: Develop an understanding of basic accounting and economic principles.

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General Information
Number: MA.912.FL.2
Title: Develop an understanding of basic accounting and economic principles.
Type: Standard
Subject: Mathematics (B.E.S.T.)
Grade: 912
Strand: Financial Literacy

Related Benchmarks

This cluster includes the following benchmarks.

Related Access Points

This cluster includes the following access points.

Access Points

MA.912.FL.2.AP.2
Calculate the profit when given the expenses and revenue from a real-world problem.
MA.912.FL.2.AP.3
Given the consumer price index (CPI), stock indices, or unemployment rates for two different time periods, identify whether the rates are increasing or decreasing.
MA.912.FL.2.AP.4
Given current exchange rates, convert between currencies.
MA.912.FL.2.AP.5
Given typical monthly expenses (housing, utilities, food, etc.), determine the monthly income needed.
MA.912.FL.2.AP.6
Given a paycheck, identify the taxes taken out.

Related Resources

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Lesson Plans

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Type: Lesson Plan

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Type: Lesson Plan

Budgeting: Finding Personal Financial Success:

During this lesson, students will learn about budgets, checking and savings accounts, and interest. They will then have a research activity to focus on their future lives, which they will use to create a budget for their lives after they have finished their education and/or job training. This budget will be created using a spreadsheet or other technology to explore how various factors, such as interest rates, will affect their budget and necessary income.

Type: Lesson Plan

Student Resources

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