Virtual Virginia: The specific WEEKLY outline of the course.

Economics and Personal Finance

Wee
k
MP1
Wee
k1
Thur
s.,
9/10

Due:
Wed
.,
9/16

Wee
k2
Thur
s.,
9/17

Due:
Wed
.,
9/23

Wee
k3
Thur
s.,
9/24

Due:
Wed

Topics or Units Taught

Economics
Unit 1 The Basics Part I
Lesson 1 Economics &
Economic Decisions
o Module 1 Scarcity
o Module 2 Trade-Offs
and Opportunity
Costs
o Module 3 Choices and
Unintended
Consequences
o Module 4 Marginal
Benefit/Cost Analysis

Lesson 2 Economic Systems

o Module 5 Three Basic
Economic Questions
o Module 6 U.S.
Economy: Choices,
Markets, and
Incentives
o Module 7 Economic
History: Adam
Smith/Macroeconomi
cs
Lesson 3 Factors of
Production
o Module 8: Resources
Natural, Human,
and Capital Factors
Used to Produce
Goods and Services
o Module 9: Factor
Demand
o
o
o
o

Module 10: Human

Capital
Module 11: Capital
Goods
Module 12: Changes
in Technology
Module 13:
Production Function

Wee
k
MP3
Wee
k 19
Thu
rs.,
1/28

Due
:
Wed
.,
2/3

Wee
k 20
Thu
rs.,
2/4

Topics or Units Taught

Personal Finance
Unit 7 Career Decisions and
Investing in Human Capital
Lesson 23 Education and
Income
o Module 82: Evaluating
the Financial Benefits of
Education
o Module 83: Making
Decisions Based on
Financial Benefits and
Lifestyle Trade-Offs
o Module 84:
Researching Careers
o Module 85: Finding a
Good FitSelfEvaluation of Areas of
Strength

Due
:
Wed
.,
2/10

Wee
k 21
Thu
rs.,
2/11

Due
:

Lesson 24 Investing in Yourself

o Module 86: Developing
Good Financial, Health,
Educational, and Social
Habits
o Module 87: Setting
Lifelong GoalsShortand Long-Term Planning
Lesson 25 Understanding
Financial Forces
o Module 88:
Understanding
Economic Trends
o Module 89: Large-Scale
Economic Shifts (Boom
and Bust)

Unit 8 Taxes
Lesson 26 Taxes How They
Affect You
o Module 90: Planning
Ahead in the Short Term
o Module 91: Long-term
Tax Planning
o Module 92: Preparing

.,
9/30

Wee
k4
Thur
s.,
10/1

Due:
Wed
.,
10/7

MP1
Inter
im
Wee
k5
Thur
s.,
10/8

Due:
Wed
.,
10/1
4

Wee
k6
Thur
s.,10
/15

Due:
Wed
.,

Wed
.,
2/17

Lesson 4
Production/Consumption
o Module 14:
Households vs. Firms
o Module 15: Costs
and Benefits of
Exchange
o Module 16: Absolute
and Comparative
Advantage
Lesson 5 Types of
Businesses
o Module 17: Sole
Proprietorship,
Partnership, and
Corporation
Advantages and
Disadvantages
o Module 18:
Competition
Advantages and
Goals

Wee
k 22
Thu
rs.,
2/18

Module 19: Types of

Competition
o Module 20: Private
Enterprise
Entrepreneurship/Ris
ks
Lesson 6 Firm Behavior
o Module 21:
Cost/Revenue vs.
Profit
o Module 22: Profit
Maximization
Framework
o Module 23: The
Circular Flow Model
MP1--INTERIM
Unit 2 The Basics Part II
Lesson 7 Supply and
Demand
o Module 24: Law of
Demand
o Module 25:
Determinants of
Demand
o Module 26: Law of
Supply

MP3
Inte
rim
Wee
k 23
Thu
rs.,
2/25

Due
:
Wed
.,
2/24

Due
:
Wed
.,
3/2

Wee
k 24
Thu
rs.,
3/3

Due
:
Wed

Throughout the Year

Module 93: Filing for an
Extension and Avoiding
an Audit

Lesson 27 State and Local

Taxes
o Module 94: Who
Collects Taxes?
o Module 95: Preparing
Income Tax Returns
o Module 96: Revisit the
Federal Budget
o Module 97: Politics:
Interplay Between
Local, State, and
Federal

Unit 9 Money Management

Keeping More Money in Your
Pocket
Lesson 28 Setting Financial
Goals
o Module 98: Saving Up
to Buy a Car
o Module 99: Paying for
Pot-High School
Education
o Module 100: How to
Buy a House

MP3--INTERIM
Lesson 29 Creating a Budget
o Module 101: An Annual
Budget
o Module 102: Monthly
and Weekly Budgets
Lesson 30 Your Personal Net
Worth
o Module 103:
Maximizing
Investments

10/2
1

Wee
k7
Thur
s.,10
/22

Due:
Wed
.,
10/2
8

Wee
k8
Thur
s.,
10/2
9

Due:
Wed
.,
11/4

Wee
k9
Thur
s.,
11/5

Due:
Wed
.,
11/1

Module 27:
Determinants of
Supply

Lesson 8 Equilibrium
o Module 28:
Equilibrium
Price/Quantity
o Module 29: Effects of
Supply and Demand
on Equilibrium
o Module 30:
Intervention in the
Functioning of
Markets
Lesson 9 Elasticity
o Module 31: What is
Elasticity?
o Module 32:
Consumer Supplies

.,
3/9

Wee
k 25
Thu
rs.,
3/10

Due
:
Wed
.,
3/16

Module 33: Optimal

Choice and
Indifference Curves
o Module 34:
Incentives
Unit 3 Microeconomics
Lesson 10 Economic
Functions of Government
o Module 35: The
Legal and Social
Framework
o Module 36:
Addressing
Externalities
o Module 37: Public
Goods and Services

Wee
k 26
Thu
rs.,
3/17

Lesson 11 Market Failure

and the Role of Government
o Module 38: Market
Failure
o Module 39:
Promoting
Competition
o Module 40: Income
Redistribution
MP1 Benchmark Exam

Wee
k 27
Thu
rs.,
3/24

Due
:
Wed
.,
3/23

Due
:
Wed
.,

Module 104: Why You

Should Evaluate the
Value of Your Assets
Over Time
Unit 10 Banking Essentials
Lesson 31 Banking Basics
o Module 105: Banking
Basics
o Module 106: Financial
Institution Services
o Module 107: Types of
Accounts
o Module 108: Avoiding
Fees and Maximizing
Interest Revenue
o Module 109: E-Banking
o Module 110:
Evaluating Financial
Institutions
o

Lesson 32 Handling Your

Account
o Module 111:
Maintaining Account
Records
o Module 112: Why the
Bank Balance and Your
Balance May Not Be the
Same
o Module 113: Setting
Aside Money for Annual
and Monthly
Unit 11 The Bottom Line on
Borrowing
Lesson 33 Loans and You
o Module 114:
Expenditures that May
Require a Loan
o Module 115: Costs
Associated with
Loans/Reducing the
Size of Loans
SPRING BREAK
Lesson 34 Credit and Credit
Cards
o Module 116: Activities
that Establish Your
Credit Rating
o Module 117: Increasing
Your Credit Rating
o Module 118: Credit
Cards vs. Debit Cards
o Module 119:

4/6

MP
1
END
S

MP
3
EN
DS

Wee
k 10
Thur
s.,11
/12

Due:
Wed
.,
11/1
8

Wee
k 11
Thur
s.,11
/19

Due:
Tues
.,
11/2
4

Wee
k 12
Thur
s.,
11/2
6

Lesson 12 Private Property

o Module 41: Property
Rights
o Module 42: Functions
of Property Rights
o Module 43:
Intellectual Property
Rights
Lesson 13 Government
Regulations
o Module 44:
Consumer Protection
o Module 45: Antitrust
Law, Anti-competitive
Conduct
o Module 46:
Government
Agencies that
Regulate the
Economy

Wee
k 28
Thu
rs.,
4/7

Due
:
Wed
.,
4/13

Module 47: Monopoly

Module 48: Natural
Monopolies and
Oligopolies
Unit 4 Macroeconomics
Lesson 14 Economic Goals
o Module 49: National
Economic Goals:
Strong vs. Weak
Economy
o Module 50:
Measuring Economic
Indicators
o Module 51:
Measuring GDPthe
GDP Equation
THANKSGIVING
BREAK

Wee
k 29
Thu
rs.,
4/14

Module 52:
Measuring
Productivity
Module 53:
Increased
Productivity/Standard
of Living

Wee
k 30
Thu
rs.,
4/21

o
o

o
o

Comparison Shopping
for Credit Cards
o Module 120: Tracking
and Managing Credit
Card Expenditures
MP3 Benchmark Exam

Due
:
Wed
.,
4/20

Lesson 35 Maintaining
Creditworthiness
o Module 121: Factors
That Affect Your Credit
Rating
o Module 122: Getting
Information on Your
Credit Rating
Lesson 36 Managing Debt
o Module 123: Effective
Debt Management
o Module 124:
Conspicuous
Consumption
o Module 125: Filing for
Bankruptcy

Unit 12 Smart Spending

Lesson 37 The Role of
Incentives
o Module 126: Examples
of Incentives
o Module 127:
Evaluating the True
Cost and True Value
Lesson 38 Comparison
Shopping
o Module 128: Metrics to
Use
o Module 129:
Understanding
Marketing

Unit 15 The Stock Market

Lesson 48 Understanding the
Stock Market
o Module 150: Basics of
StocksChoosing
Investments that Match
o Module 151: E-Trading

Due:
Wed
.,
12/2

Wee
k 13
Thur
s.,
12/3

Lesson 15 Role of Labor

o Module 54:
Monopsony Power
and Human
Resources
o Module 55: Meaning
of Unemployment
Rate
Lesson 16 Inflation and its
Indicators
o Module 56: Inflation

o
o
o

Module 57:
Measuring Inflation
Module 58: Causes
and Types of Inflation
Module 59: Is
Inflation Always Bad?

Due:
Wed
.,
12/9

MP2
Inter
im
Wee
k 14
Thur
s.,
12/1
0

Due:
Wed
.,
12/1
6
Wee
k 15
Thur
s.,
12/1
7

Due
:
Wed
.,
4/27

Wee
k 31
Thu
rs.,
4/28

Due
:
Wed
.,
5/4

Lesson 17 The Business

Cycle
o Module 60:
Expansion and
Contraction
o Module 61: Good
Times, Bad Times
o Module 62: What Is
Aggregate Demand?
What Is Aggregate
Supply?
o Module 63: The
AS/AD Model
o Module 64: Shifts in
the AS/AD Model

Unit 5 Fiscal and Monetary Role

of Government
Lesson 18 The Fed
o Module 65: The
Federal Reserves
Structure and
Function
o Module 66: FDIC and

MP4
Inte
rim
Wee
k 32
Thu
rs.,
5/5

Due
:
Wed
.,
5/11

Wee
k 33
Thu
rs.,
5/12

Lesson 49 Low Risk Investment

Options
o Module 152: Types of
Low-Risk Investments
o Module 153:
Investment Goals
Change Over Time, So
Portfolios
Lesson 50 High Risk Investing
o Module 154: Types of
High Risk Investments
o Module 155: Watch for
Red Flags
Unit 16 Insurance How to
Protect Yourself
Lesson 51: Insurance Basics
o Module 156: Types of
Insurance
o Module 157: Health
Insurance Choices
o Module 158: Types of
Life Insurance
o Module 159:
Automobile Insurance
o Module 160: Securing
Your Assets and
Protecting Against
Lawsuits
Unit 14 Financial Planning
Lesson 45 Investments
o Module 141: Choosing
a Variety of
Investments
o Module 142: Bull
Market
o Module 143: Bear
Market
Lesson 46 Excess for
Investment
o Module 144: Creating
Excess for Investment
o Module 145: Investing
Time in Monitoring
Investments

Lesson 47 Wise Planning

o Module 146: Avoid
Shortcuts
o Module 147: The Role
of Inflation
o Module 148: Planning
for Retirement
o Module 149: Estate

Due:
Wed
.,
12/2
3

Wee
k 16
Thur
s.,12
/31

Due:
Wed
.,
1/6

Stability Measures
Module 67: Fiscal vs.
Monetary Policy
Lesson 19 The Federal
Budget Process
o Module 68: Surplus
and Deficit
o Module 69: Why
Deficits? Are They
Always Bad?
o Module 70: National
Debt
WINTER BREAK
Unit 6 Global Economics
Lesson 20 International
Commerce
o Module 71: Imports
and Exports
o Module 72: Trade
and Comparative
Advantage
Lesson 21 Exchange Rates
o Module 73:
Understanding
Exchange Rates
o

Wee
k 17
Thur
s.,
1/7

Due:
Wed
.,
1/13

Module 74: Strong

vs. Weak Dollar
o Module 75: Impacts
on
Importers/Exporters
o Module 76: Effect of
Exchange Rates on
Tables
Lesson 22 Trade Agreements
and Barriers
o Module 77: Types of
Trade Barriers
o Module 78: Trade
Agreements
o

Due
:
Wed
.,
5/18

Wee
k 34
Thu
rs.,
5/19

Due
:
Wed
.,
5/25

Wee
k 35
Thu
rs.,
5/26

Due
:
Wed
.,
6/1

Planning
W!SE CERTIFICATION EXAMWill
be Announced. It should be
before school, in early to mid
May.

Unit 13 Consumer Skills

Lesson 41 Developing
consumer Skills
o Module 134: Becoming
a Responsible
Consumer
o Module 135: Overview
of Consumer Rights
o Module 136: Landlord
Disputes
Lesson 42 Understanding
Contracts
o Module 137:
Understanding
Contracts
Lesson 43 Consumers and the
Environment
o Module 138: The True
Cost of Goods
o Module 139: Consumer
GroupsImpact on
Environmental Issues
Lesson 44 Buyer Beware!
Frauds, Scams, and Schemes
Module 140: Frauds,
Scams, and Schemes
UNIT 12 Smart Spending
Lesson 39 Automobiles Lease
or Purchase?
o Module 130:
Comparing Total Cost of
a Lease vs. Purchase
o Module 131: Benefits
and Disadvantages of
Leasing and Purchasing
Lesson 40 Housing Rent or
Buy?
o Module 132:
Comparing Total Cost of
a Lease vs. Purchase

Wee
k 18
Thur
s.,
1/14

Due:
Wed
.,
1/20

o
o
o

Module 79: Growing

Free Markets
Module 80:
Transportation and
Communication
Module 81:
Multinational
Corporations

EXAM REVIEW
End of MP2First Semester
Exam
AVAILABLE Online 1/25DUE
Friday, 1/29

Module 133: Benefits

and Disadvantages of
Renting and Buying

Wee
k
Thu
rs.,
6/9

FINAL EXAM MAY BE

OPTIONAL IF
YOU PASS YOUR W!SE
CERTIFICATION EXAM

Due
:
Fri.,
6/17

End of MP4Second Semester

Exam
AVAILABLE 6/13DUE
WEDNESDAY, 6/17