Banking: Ohio Curriculum Alignment

Here's how Banking aligns with curriculum standards in Ohio. Use the filters to change the location, set of standards, and grade level.

The department shall incorporate into the standards and model curriculum for financial literacy and entrepreneurship for grades nine through twelve academic content regarding free market capitalism. The academic content shall include all of the following concepts related to free market capitalism:

Standards

Defined by Ohio Academic Standards 9th-12th Grades and align with Banking

i: Raw materials, labor, and capital, the three classical factors of economic production, are privately owned.

iv: Markets aggregate the exchange of goods and services throughout the world. Market prices are the only way to convey so much constantly changing information about the supply of goods and services, and the demand for them, for consumers and producers to make informed economic decisions for themselves.

v: Wealth is created by providing goods and services that people value at a profit, and both sellers and buyers seek to profit in some way in a free market transaction. Thus, profit earned through transactions can be consumed, saved, reinvested in the business, or dispersed to shareholders.