Economics and Personal Finance
Students learn how economies and markets operate and how the U.S. economy is interconnected with the global economy. Additionally, students learn how to navigate financial decision making and to make informed decisions relating to career exploration, budgeting, banking, credit, insurance, spending, financing postsecondary education, taxes, saving and investing, buying/leasing a vehicle, and living independently. Students also learn the importance of investing in themselves to gain valuable knowledge and skills. Development of financial literacy skills and an understanding of economic principles will provide the basis for responsible citizenship, more effective participation in the workforce, and career success. The course incorporates all economics and financial literacy objectives included in the Code of Virginia §22.1-200-03B. Contextual instruction and student participation in co-curricular career and technical student organization (CTSO) activities will develop leadership, interpersonal, and career skills. High-quality work-based learning (HQWBL) will provide experiential learning opportunities related to students' career goals and/or interests, integrated with instruction, and performed in partnership with local businesses and organizations.
Notes
As enacted by the General Assembly of 2011 and prescribed by the Board of Education, beginning with students who enter the ninth-grade class for the first time in 2011-2012 and beyond, all students shall earn one standard credit in Economics and Personal Finance. All the Economics and Personal Finance Standards of Learning to meet that graduation requirement for the Standard and Advanced Studies diplomas are included in the instruction of this course.
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Industry Credentials (Only apply to 36-week courses)
Virginia’s High Demand Occupations and Apprenticeable Occupations
Section § 2.2-2472 of the Code of Virginia requires the Virginia Board of Workforce Development (VBWD) to publish a list of jobs, trades, and professions for which a high demand for qualified workers exists or is projected. The Virginia Office of Education Economics (VOEE) collaborated with the VBWD and related stakeholders to develop the high demand occupations list. VOEE’s mission is to leverage data to inform educational programming, policy, and workforce partnerships across the Commonwealth. See also the Virginia 2024 High Demand Occupations Dashboard.
Standard Occupational Classification (SOC) Code, Occupation Description, and Active Apprenticeable Occupation status (Yes/No per the Virginia Department of Labor and Industry).
SOC Code | Occupation Description | Apprenticeable Occupation |
---|---|---|
132011 | Accountants and Auditors | No |
131041 | Compliance Officers | No |
132041 | Credit Analysts | No |
113031 | Financial Managers | No |
132072 | Loan Officers | No |
132051 | Financial and Investment Analysts | No |
131082 | Project Management Specialists | No |
131031 | Claims Adjusters, Examiners, and Investigators | No |
439041 | Insurance Claims and Policy Processing Clerks | No |
413021 | Insurance Sales Agents | No |
413031 | Securities, Commodities, and Financial Services Sales Agents | No |
132082 | Tax Preparers | No |
151299 | Computer Occupations, All Other | Yes |
434051 | Customer Service Representatives | No |
434121 | Library Assistants, Clerical | No |
439199 | Office and Administrative Support Workers, All Other | No |
132031 | Budget Analysts | No |
113121 | Human Resources Managers | No |
273091 | Interpreters and Translators | No |
434031 | Court, Municipal, and License Clerks | No |
492091 | Avionics Technicians | No |
339021 | Private Detectives and Investigators | No |
Career Clusters
Pathway | Occupation |
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Administrative Support |
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Business Information Management |
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General Management |
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Human Resources Management |
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Pathway | Occupation |
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Accounting |
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Banking Services |
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Business Finance |
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Insurance |
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Securities & Investments |
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Pathway | Occupation |
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Foreign Service |
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Governance |
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National Security |
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Planning |
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Public Management & Administration |
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Regulation |
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Revenue & Taxation |
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