Field of Study
Economics and Personal Finance is a course designed to teach how the economy works and the impact of economic decisions on the lives of people, communities, nations, and the world. Students also learn about personal finance, which deals with financial choices and the impact those choices can have on standard of living.
The first half of the course focuses on economics. Economics is divided into two categories: microeconomics and macroeconomics. Microeconomics is the study of individual economic decision making, whether it be a person, business, industry, etc. Macroeconomics is the study of the economic decisions and policies as they relate to a nation, as a whole. The two branches of economics are interdependent and complement each other.
The second half of the course focuses on personal finance, which is the study of how to manage, save, and invest money at a personal level. This section of the course will examine career decisions and investment in human capital, preparing tax returns, banking, borrowing, smart spending, consumer skills, short- and long-term financial planning, the stock market, and insurance.
Students will complete activities and assignments that involve critical thinking and conceptual knowledge. Timely submission of student work and frequent communication with the instructor are essential for success in the course.
The successful completion of this course will satisfy the graduation requirement for the Economics and Personal Finance credit.
No SOL test is required at this time, but some local school districts may impose an additional requirement, such as administering the WISE test. Please refer to your local school district for more information.
- No other courses are required to be taken or completed before beginning study in this course.
- Strong time management, reading, and communication skills are essential for success in the course.
Course Texts and Materials
- No textbook is required for this course. All material is delivered in Virtual Virginia’s online environment.