SS.4.E.1.1 Identify entrepreneurs from various social and ethnic backgrounds who have influenced Florida and local economy.
SS.4.E.1.2 Explain Florida's role in the national and international economy and conditions that attract businesses to the state.
SS.4.FL Financial Literacy
SS.4.FL.1 Earning Income
SS.4.FL.1.1: People have many different types of jobs from which to choose. Identify different jobs requiring people to have different skills.
SS.4.FL.1.2: People earn an income when they are hired by an employer to work at a job. Explain why employers are willing to pay people to do their work.
SS.4.FL.1.3: Workers are paid for their labor in different ways such as wages, salaries, or commissions. Explain the ways in which workers are paid.
SS.4.FL.1.4: People can earn interest income from letting other people borrow their money. Explain why banks and financial institutions pay people interest when they deposit their money at those institutions.
SS.4.FL.1.5: People can earn income by renting their property to other people. Identify different types of property (such as apartments, automobiles, or tools) that people own and on which rent is paid.
SS.4.FL.1.6: Describe ways that people who own a business can earn a profit, which is a source of income.
SS.4.FL.1.7: Entrepreneurs are people who start new businesses. Entrepreneurs do not know if their new businesses will be successful and earn a profit. Identify ways in which starting a business is risky for entrepreneurs.
SS.4.FL.1.8: Income earned from working and most other sources of income are taxed. Describe ways that the revenue from these taxes is used to pay for government provided goods and services.
SS.4.FL.2 Buying Goods and Services
SS.4.FL.2.1: Explain that economic wants are desires that can be satisfied by consuming a good, a service, or a leisure activity.
SS.4.FL.2.2: Explain that people make choices about what goods and services they buy because they cant have everything they want. This requires individuals to prioritize their wants.
SS.4.FL.2.3: Identify some of the ways that people spend a portion of their income on goods and services in order to increase their personal satisfaction or happiness.
SS.4.FL.2.4: Discuss that whenever people buy something, they incur an opportunity cost. Opportunity cost is the value of the next best alternative that is given up when a person makes a choice.
SS.4.FL.2.5: Explain that costs are things that a decision maker gives up; benefits are things that a decision maker gains. Make an informed decision by comparing the costs and benefits of spending alternatives.
SS.4.FL.2.7: Planning for spending can help people make informed choices. Develop a budget plan for spending, saving, and managing income.
SS.4.FL.3.1: Identify ways that income is saved, spent on goods and services, or used to pay taxes.
SS.4.FL.3.2: Explain that when people save money, they give up the opportunity to buy things now in order to buy things later.
SS.4.FL.3.3: Identify ways that people can choose to save money in many placesfor example, at home in a piggy bank or at a commercial bank, credit union, or savings and loan.
SS.4.FL.3.4: Identify savings goals people set as incentives to save. One savings goal might be to buy goods and services in the future.
SS.4.FL.3.5: Explain that when people deposit money into a bank (or other financial institution), the bank may pay them interest. Banks attract savings by paying interest. People also deposit money into banks because banks are safe places to keep their savings.
SS.4.FL.4 Using Credit
SS.4.FL.4.1: Discuss that interest is the price the borrower pays for using someone elses money.
SS.4.FL.4.2: Identify instances when people use credit, that they receive something of value now and agree to repay the lender over time, or at some date in the future, with interest.
SS.4.FL.5 Financial Investing
SS.4.FL.5.1: Explain that after people have saved some of their income, they must decide how to invest their savings so that it can grow over time.
SS.4.FL.5.2: Explain that a financial investment is the purchase of a financial asset such as a stock with the expectation of an increase in the value of the asset and/or increase in future income.
SS.4.FL.6 Protecting and Insuring
SS.4.FL.6.1: Explain that risk is the chance of loss or harm.
SS.4.FL.6.2: Explain that risk from accidents and unexpected events is an unavoidable part of daily life.
SS.4.FL.6.3: Describe ways that individuals can either choose to accept risk or take steps to protect themselves by avoiding or reducing risk.
SS.4.FL.6.4: Discuss that one method to cope with unexpected losses is to save for emergencies.
SS.4.G.1 The World in Spatial Terms
SS.4.G.1.1 Identify physical features of Florida.
SS.4.G.1.2 Locate and label cultural features on a Florida map.
SS.4.G.1.3 Explain how weather impacts Florida.
SS.4.G.1.4 Interpret political and physical maps using map elements (title, compass rose, cardinal directions, intermediate directions, symbols, legend, scale, longitude, latitude).