See all 9th-12th Grades Standards
Life Scenarios

Life Scenarios

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Here's how Life Scenarios aligns with curriculum standards in Virginia. Use the filters to change the location, set of standards, and grade level.

EPF.1: The student will demonstrate knowledge and integration of basic economic concepts and structures by

Standards
Defined by Economics and Personal Finance Standards of Learning 9th-12th Grades and align with Life Scenarios
EPF.1.1: Describing how consumers, businesses, and government decision makers face scarcity of resources and must make trade-offs and incur opportunity costs.
EPF.1.2: Explaining that choices often have long-term, unintended consequences.

EPF.10: The student will develop consumer skills by

Standards
Defined by Economics and Personal Finance Standards of Learning 9th-12th Grades and align with Life Scenarios
EPF.10.1: Examining basic economic concepts (such as scarcity and opportunity cost) and their relation to product prices and consumer spending.

EPF.11: The student will demonstrate knowledge of planning for living and leisure expenses by

Standards
Defined by Economics and Personal Finance Standards of Learning 9th-12th Grades and align with Life Scenarios
EPF.11.1: Comparing the costs and benefits of purchasing vs. leasing a vehicle.
EPF.11.2: Calculating the total costs of owning and operating a vehicle.
EPF.11.3: Comparing the costs and benefits of renting vs. purchasing a residence.
EPF.11.4: Describing the process of renting a residence.
EPF.11.6: Calculating the cost of utilities, services, maintenance, and other residential expenses.
EPF.11.7: Evaluating discretionary spending decisions.

EPF.13: The student will demonstrate knowledge of credit and loan functions by

Standards
Defined by Economics and Personal Finance Standards of Learning 9th-12th Grades and align with Life Scenarios
EPF.13.1: Evaluating the various methods of financing a purchase.
EPF.13.2: Analyzing credit card features and their impact on personal financial planning.

EPF.14: The student will demonstrate knowledge of the role of insurance in risk management by

Standards
Defined by Economics and Personal Finance Standards of Learning 9th-12th Grades and align with Life Scenarios
EPF.14.2: Evaluating insurance as a risk management strategy.
EPF.14.3: Distinguishing among the types, costs, and benefits of insurance coverage, including identity theft, automobile, life, property, and health.

EPF.15: The student will demonstrate knowledge of income earning, taxes, and reporting by

Standards
Defined by Economics and Personal Finance Standards of Learning 9th-12th Grades and align with Life Scenarios
EPF.15.6: Computing local taxes on products and services.

EPF.16: The student will demonstrate knowledge of personal financial planning by

Standards
Defined by Economics and Personal Finance Standards of Learning 9th-12th Grades and align with Life Scenarios
EPF.16.2: Identifying anticipated and unanticipated income and expenses.
EPF.16.5: Developing a personal budget.