Grade 5 Social Studies Nevada standards Standards

Social Studies - Financial Literacy

Grade 3: Movement Around Our World

Distinguish between needs and wants.

Describe the difference between saving and spending.

Define personal information and what is appropriate to share or keep private.

Grade 4: Nevada: Past and Present

Identify methods of payment for goods and services.

Explain the benefits of saving and methods of saving including but not limited to financial institutions, piggy banks, etc.

Determine the consequences of sharing personal information with others.

Examine jobs related to a career of interest.

Grade 5: U.S.: Creating a New Nation

Describe the importance of setting financial goals.

Compare interest in regard to credit and savings.

Identify methods of how to protect one’s identity from common threats.

Explain the standard of living in relationship to quality of life.

Grades 6-8 Financial Literacy Standards

Prioritize and evaluate personal financial goals based on needs and wants

Identify college and career options and their effect on the standard of living.

Identify important academic requirements for financing postsecondary programs.

Investigate consequences of potential financial decisions to make reasoned financial choices

Describe the services offered by various financial institutions.

Discuss the components of a personal budget, including income, planned spending, and expenses

Explain how debit cards differ from credit cards.

Explain an individual’s rights and responsibilities as a consumer.

Discuss the cost of borrowing money for different types of goods and services including but not limited to: consumables, vehicles, education, and housing.

Investigate ways to prevent and limit the consequences of identity theft and fraud.

Explain how an investment differs from a savings account in potential risks and returns.

Grades 9-12: Financial Literacy

Analyze the alternatives and consequences of financial decision-making in the development of financial goals

Analyze the purpose and specifics of various insurance plans as well as compare quality of insurance providers.

Evaluate college and career choices and their effect on the standard of living.

Practice completing important financial, academic, and career documents including but not limited to: loan applications, scholarship applications, job applications, resumes, etc.

Analyze the requirements and benefits of postsecondary financing options including but not limited to: Free Application for Federal Student Aid, Western Interstate Commission for Higher Education, Governor Guinn Millennium Scholarship, Silver State Opportunity Grant Program, prepaid tuition, and college savings programs.

Evaluate assessment and computation of taxes at the local, state, and federal level.

Locate and evaluate financial information from various sources.

Develop and evaluate a personal financial plan, including a savings plan, utilizing a financial record keeping system.

Analyze the cost and benefits of different types of credit and debt including how to avoid and resolve debt problems.

Explain the purpose of a credit report, how that report is used by lenders, and the borrower’s rights and responsibilities related to a credit report.

Compare and contrast different types of loans with attention to, interest rates, terms of the loan, compounding frequency in relation to managing debt and consequences of acquiring debt.

Analyze methods to prevent and limit the consequences of identity theft and fraud.

Distinguish the cost and benefits of various investment strategies including securities, stocks, and bonds; with attention to compound interest and methods of buying and selling investments.

U.S.: Creating a New Nation

Generate compelling questions to explore the creation of the United States.

Use deliberative and democratic procedures to take action about an issue.

Examine the development of political parties in U.S. History.

Investigate what it meant to be an American, for different groups of people in early U.S. History.

Explore the development of colonial America and compare regional differences among the colonies.

Analyze the way in which Native, European, and African cultures were impacted by conflict and compromise in our nation's early history.

Analyze how various political, religious, and intellectual ideas have impacted the development of early American society and government.

Evaluate the causes and effects of the American Revolution.

Analyze how and why racial, ethnic, and other groups were oppressed in early U.S. History.

Evaluate how individuals and groups used ideas in foundational documents to create communities of respect, equity and diversity throughout U.S. History.

Discuss the contributions of culturally, racially, and ethnically diverse people to the advancement of the nation.

Generate and answer supporting questions that help address the compelling question.

Analyze how individuals, groups, and institutions have influenced the interpretation of foundational documents has changed over time.

Describe representative government and explore debates in the formation of the U.S. Constitution.

Analyze core civic virtues and democratic principles and their impact on early U.S. History.

Investigate how individuals exercise rights and responsibilities.

Investigate methods by which individuals can influence rules and laws in classroom, school, government, and/or society.

Analyze how the Bill of Rights shaped American rights.

Explain the structures of constitutional government and the role of checks and balances.

Describe how the nation has changed in the past and continues to change in order to limit and/or protect individual rights.

Analyze various maps to illustrate environmental, political, and cultural characteristics of a region and their impact on historical events in early U.S. History.

Evaluate how the relationship between the environment and humans impacted early U.S. History.

Determine the credibility of multiple sources by using corroboration and close reading

Analyze rules and laws that encourage or restrict migration and immigration with U.S. regions of the early U.S.

Analyze how the physical geography and natural resources affected exploration and the settlement of people and the development of culture in early U.S. History.

Compare and contrast the similarities and differences of the economies in the colonial regions.

Investigate the development of the early U.S. economy.

Evaluate the role of slavery in the early U.S. economy.

Explain how trade was an important issue during the colonial period and American Revolution, and the formation of the U.S.

Gather primary and secondary sources and use them to construct a response to support a compelling question.

Cite evidence from multiple sources in response to compelling questions.

Craft an argument to answer a compelling question, using evidence and reasoning skills.

Construct organized explanations for various audiences and purposes using evidence and reasoning.

Participate in a structured academic discussion using evidence and reasoning to share and critique ideas.

List and discuss group or individual action to help address local, regional, and or national problems.