Standards for Teach About Saving Using “Beatrice’s Goat”

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National Standards in Economics

Name: Income

Standard: 13

  • Students will understand that: Income for most people is determined by the market value of the productive resources they sell. What workers earn primarily depends on the market value of what they produce.
  • Students will be able to use this knowledge to: Predict future earnings based on their current plans for education, training, and career options.

Name: Scarcity

Standard: 1

  • Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
  • Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.

National Standards in Financial Literacy

Name: Saving

Standard: 3

  • Students will understand that: People who have sufficient income can choose to save some of it for future uses such as emergencies or later purchases. Savings decisions depend on individual preferences and circumstances. Funds needed for transactions, bill-paying, or purchases, are commonly held in federally insured checking or savings accounts at financial institutions because these accounts offer easy access to their money and low risk. Interest rates, fees, and other account features vary by type of account and between financial institutions, with higher rates resulting in greater compound interest earned by savers.

State Standards

Common Core State Standards

Name: 1.NBT.C

Standard: Mathematics - Grade 1

Area: Mathematics - Grade 1

  • Use place value understanding and properties of operations to add and subtract.

Name: 2.OA.A

Standard: Mathematics - Grade 2

Area: Mathematics - Grade 2

  • Represent and solve problems involving addition and subtraction.

Name: 2.OA.B

Standard: Mathematics - Grade 2

Area: Mathematics - Grade 2

  • Add and subtract within 20.

Name: 3.NBT.A

Standard: Mathematics - Grade 3

Area: Mathematics - Grade 3

  • Use place value understanding and properties of operations to perform multi-digit arithmetic.

Name: CCRA.R.1

Standard: College and Career Readiness Anchor Standards for Reading

Area: College and Career Readiness Anchor Standards for Reading

  • Read closely to determine what the text says explicitly and to make logical inferences from it; cite specific textual evidence when writing or speaking to support conclusions drawn from the text.

Name: CCRA.R.2

Standard: College and Career Readiness Anchor Standards for Reading

Area: College and Career Readiness Anchor Standards for Reading

  • Determine central ideas or themes of a text and analyze their development; summarize the key supporting details and ideas.

Name: CCRA.R.3

Standard: College and Career Readiness Anchor Standards for Reading

Area: College and Career Readiness Anchor Standards for Reading

  • Analyze how and why individuals, events, or ideas develop and interact over the course of a text.

Name: CCRA.SL.1

Standard: College and Career Readiness Anchor Standards for Speaking and Listening

Area: College and Career Readiness Anchor Standards for Speaking and Listening

  • Prepare for and participate effectively in a range of conversations and collaborations with diverse partners, building on others’ ideas and expressing their own clearly and persuasively.

Name: CCRA.SL.2

Standard: College and Career Readiness Anchor Standards for Speaking and Listening

Area: College and Career Readiness Anchor Standards for Speaking and Listening

  • Integrate and evaluate information presented in diverse media and formats, including visually, quantitatively, and orally.