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Student Competency Record _MS Word document_ - Virginia's CTE by tlyaappjdlag


									                        2011/2012 Student Competency Record
                           Economics and Personal Finance
                                   6120 - 36 weeks

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  Student                                          School Year

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  School                                           Teacher Signature

Traditional letter or numerical grades do not provide adequate documentation of student
achievement in competency-based education; therefore, the Virginia Standards for CBE require a
recording system to provide information about competencies achieved to employer, student-
employee, and teacher. The Student Competency Record provides a means for keeping track of
student progress. Ratings are assigned by the teacher for classroom competency achievement and
by the teacher-coordinator in conjunction with the training sponsor when competence is
evaluated on the job.

Tasks/competencies designated "Required" are considered essential statewide and are required of
all students. In some courses, all tasks/competencies have been identified as required.
Tasks/competencies marked "Optional" are considered optional; they and/or additional
tasks/competencies may be taught at the discretion of the school division. Tasks/competencies
marked with an asterisk (*) are considered sensitive, and teachers should obtain approval by the
school division before teaching them.

Note: Students with an Individualized Education Plan (IEP) or an Individualized Student
Alternative Education Plan (ISAEP) will be rated, using the following scale, only on the
competencies identified in their IEP or ISAEP.

Students will be expected to achieve a satisfactory rating (one of the three highest marks) on
the Student Competency Record (SCR) rating scale on at least 80% of the required (essential)
competencies in a CTE course.

                              ...RATING SCALE...
                              1 - Can teach others
                              2 - Can perform without supervision
                              3 - Can perform with limited supervision
                              4 - Can perform with supervision
                              5 - Cannot perform
                           Economics and Personal Finance
  36                                                                             Date Rating
         Demonstrating Workplace Readiness Skills: Personal Qualities and People Skills
Required 001    Demonstrate positive work ethic.
Required 002      Demonstrate integrity.
Required 003      Demonstrate teamwork skills.
Required 004      Demonstrate self-representation skills.
Required 005      Demonstrate diversity awareness.
Required 006      Demonstrate conflict-resolution skills.
Required 007      Demonstrate creativity and resourcefulness.
         Demonstrating Workplace Readiness Skills: Professional Knowledge and Skills
Required 008    Demonstrate effective speaking and listening skills.
Required 009      Demonstrate effective reading and writing skills.
Required 010      Demonstrate critical-thinking and problem-solving skills.
Required 011      Demonstrate healthy behaviors and safety skills.
                  Demonstrate an understanding of workplace organizations,
Required 012
                  systems, and climates.
Required 013      Demonstrate lifelong-learning skills.
Required 014      Demonstrate job-acquisition and advancement skills.
Required 015      Demonstrate time-, task-, and resource-management skills.
Required 016      Demonstrate job-specific mathematics skills.
Required 017      Demonstrate customer-service skills.
         Demonstrating Workplace Readiness Skills: Technology Knowledge and Skills
                  Demonstrate proficiency with technologies common to a
Required 018
                  specific occupation.
Required 019      Demonstrate information technology skills.
                  Demonstrate an understanding of Internet use and security
Required 020
Required 021      Demonstrate telecommunications skills.
         Examining All Aspects of an Industry
Required 022      Examine aspects of planning within an industry/organization.
                  Examine aspects of management within an
Required 023
                  Examine aspects of financial responsibility within an
Required 024
Required 025      Examine technical and production skills required of workers
                  within an industry/organization.
                  Examine principles of technology that underlie an
Required 026
Required 027      Examine labor issues related to an industry/organization.
Required 028      Examine community issues related to an industry/organization.
                  Examine health, safety, and environmental issues related to an
Required 029
         Addressing Elements of Student Life
Required 030      Identify the purposes and goals of the student organization.
                  Explain the benefits and responsibilities of membership in the
Required 031      student organization as a student and in professional/civic
                  organizations as an adult.
                  Demonstrate leadership skills through participation in student
Required 032      organization activities, such as meetings, programs, and
                  Identify Internet safety issues and procedures for complying
Required 033
                  with acceptable use standards.
         Developing Economic Skills and Knowledge
                 Demonstrate knowledge of basic economic concepts and
Required 034
                  Demonstrate knowledge of the role of producers and
Required 035
                  consumers in a market economy.
Required 036      Demonstrate knowledge of the price system.
Required 037      Demonstrate knowledge that many factors affect income.
                  Demonstrate knowledge of a nation’s economic goals,
Required 038      including full employment, stable prices, and economic
Required 039      Demonstrate knowledge of the nation’s financial system.
                  Demonstrate knowledge of how monetary and fiscal policy
Required 040
                  influence employment, output, and prices.
                  Demonstrate knowledge of the role of government in a market
Required 041
Required 042      Demonstrate knowledge of the global economy.
         Developing Consumer Skills
                 Examine basic economic concepts and their relation to product
Required 043
                 prices and consumer spending.
Required 044      Examine the effect of supply and demand on wages and prices.
                  Describe the steps for making a purchase decision, including
Required 045
                  the roles of marginal benefit and marginal cost.
                  Describe common types of contracts and the implications of
Required 046
Required 047      Demonstrate comparison-shopping skills.
Required 048      Maintain a filing system for personal financial records.
                  Examine the impact of advertising and marketing on consumer
Required 049
                  demand and decision-making in the global marketplace.
Required 050      Access reliable financial information from a variety of sources.
                  Explain consumer rights, responsibilities, remedies, and the
Required 051
                  importance of consumer vigilance.
                  Examine precautions for protecting identity and other personal
Required 052
Optional 053      Interact effectively with salespersons and merchants.
                  Differentiate between consumer protection regulations and
Optional 054
                  assistance agencies.
         Demonstrating Knowledge of Planning for Living and Leisure Expenses
                  Compare the costs and benefits of purchasing vs. leasing a
Required 055
                  Compare the advantages and disadvantages of renting vs.
Required 056
                  purchasing a home.
Required 057      Analyze the process of renting housing.
Required 058      Describe the process of purchasing a home.
                  Calculate the cost of utilities, services, maintenance, and other
Required 059
                  housing expenses involved in independent living.
Required 060      Evaluate discretionary spending decisions.
         Demonstrating Knowledge of Banking Transactions
Required 061    Describe the types of financial institutions.
                  Examine how financial institutions affect personal financial
Required 062
                  Evaluate services and related costs associated with personal
Required 063
                  Differentiate among types and regulations of electronic
Required 064
                  monetary transactions.
                  Prepare all forms necessary for opening and maintaining a
Required 065
                  checking and a savings account.
Required 066      Reconcile bank statements.
Required 067      Compare costs and benefits of online and traditional banking.
                  Explain how certain historical events have influenced the
Required 068
                  banking system and other financial institutions.
                Compare the U.S. monetary system with the international
Optional 069
                monetary system.
        Demonstrating Knowledge of Credit and Loan Functions
Required 070    Evaluate the various methods of financing a purchase.
                Analyze credit card features and their impact on personal
Required 071
                financial planning.
Required 072    Identify qualifications needed to obtain credit.
Required 073    Identify basic provisions of credit and loan laws.
                Compare terms and conditions of various sources of consumer
Required 074
                Identify strategies for effective debt management, including
Required 075
                sources of assistance.
Required 076    Explain the need for a good credit rating.
                Compare the costs and conditions of secured and unsecured
Required 077
                Compare the types of voluntary and involuntary bankruptcy
Required 078
                and the implications of each.
                Calculate payment schedules for a loan, using spreadsheets,
Optional 079
                calculators, and online tools.
Optional 080    Complete a sample credit application.
        Demonstrating Knowledge of the Role of Insurance in Risk Management
Required 081    Evaluate insurance as a risk management strategy.
                Distinguish among the types, costs, and benefits of insurance
Required 082    coverage, including automobile, life, property, health, and
                professional liability.
Required 083    Explain the roles of insurance in financial planning.
        Demonstrating Knowledge of Income Earning and Reporting
                Examine how personal choices about education, training, skill
Required 084
                development, and careers impact earnings.
Required 085    Differentiate among sources of income.
Required 086    Calculate net pay.
Required 087    Investigate employee benefits and incentives.
Required 088    Complete a standard W-4 form.
        Demonstrating Knowledge of Taxes
                Describe the types and purposes of local, state, and federal
Required 089
                taxes and the way each is levied and used.
                Explore how tax structures affect consumers, producers, and
Required 090
                business owners differently.
Required 091      Compute local taxes on products and services.
Required 092      Examine potential tax deductions and credits on a tax return.
Required 093      Explain the content and purpose of a standard W-2 form.
                  Explain the similarities and differences between state and
Required 094
                  federal taxation of inheritances.
Optional 095      Define the terminology associated with inheritance.
Optional 096      Compare investment options for a monetary inheritance.
Optional 097      Examine types and purposes of estate planning.
                  Complete a state income tax form, including electronic
Optional 098
                  Complete short and itemized federal income tax forms,
Optional 099
                  including electronic formats.
         Demonstrating Knowledge of Personal Financial Planning
Required 100      Identify short-term and long-term personal financial goals.
Required 101      Identify anticipated and unanticipated income and expenses.
                  Examine components and purposes of a personal net worth
Required 102
Required 103      Develop a personal budget.
                  Investigate the effects of government actions and economic
Required 104
                  conditions on personal financial planning.
Required 105      Explain how economics influences a personal financial plan.
         Demonstrating Knowledge of Investment and Savings Planning
                Compare the impact of simple interest vs. compound interest
Required 106
                on savings.
Required 107      Compare and contrast investment and savings options.
Required 108      Explain costs and income sources for investments.
                  Examine the fundamental workings of the Social Security
Required 109
                  System and the system's effects on retirement planning.
Required 110      Contrast alternative retirement plans.
Required 111      Explore how the stock market works.
         Planning Financial Aspects of a Business Enterprise
Optional 112      Identify sources of financial capital.
Optional 113      Analyze the financial position of a business.
                  Investigate government regulations affecting financial aspects
Optional 114
                  of a business.
                  Analyze the impact of the global economy on American
Optional 115
         Managing Financial Activities for a Business Enterprise
Optional 116    Complete daily business forms.
Optional 117       Record cash receipts.
Optional 118       Record receipts and payments in journals and ledgers.
Optional 119       Prepare a proof of cash.
Optional 120       Maintain a petty cash system.
Optional 121       Prepare payroll journals.
Optional 122       Analyze spreadsheet data.
         Exploring Management Functions
                 Analyze the effects of ethics on business and financial
Optional 123
                 management decisions.
Optional 124       Explain the need for confidentiality in the workplace.
                   Identify the short- and long-term options for financial planning
Optional 125
                   and working capital management.
Optional 126       Prepare a business plan.
                   Describe the effects of group dynamics on decision making
Optional 127
                   and consensus building.
         Developing Career Exploration and Employability Skills
Optional 128     Explain why investing in human capital benefits the employer.
Optional 129       Identify characteristics of a successful entrepreneur.
Optional 130       Explain how the economy benefits from entrepreneurship.
Optional 131       Investigate career opportunities.
                   Identify personal interests, aptitudes, and attitudes related to
Optional 132
                   the characteristics found in successful workers.
Optional 133       Prepare a professional portfolio.
Optional 134       Research a company in preparation for a job interview.
                   Participate in mock interviews to refine interviewing
Optional 135
Optional 136       Prepare employment-related correspondence.
          Locally Developed Tasks/Competencies

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