Economics of Personal Finance

Course Description:

Economics of Personal Finance examines the decision-making processes behind earning money, spending money, saving and investing to build wealth, using credit, insuring one’s self and possessions, and investing in an education. This course is aligned to the Michigan’s K-12 Social Studies standards for Economics: Personal Finance (E4).

Course Details:

Course Title (District): Economics of Personal Finance
Course Title (NCES SCED) : Particular Topics in Economics
Course Provider : Michigan Virtual
Content Provided By : Michigan Virtual
Online Instructor Provided By : Michigan Virtual
Standards Addressed : MHSCE, MMC
Ailgnment Document : https://docs.google.com/document/d/1F6MDGlvwkiZuTMTc4Uxiw14g0XV-qpYTC3j8ZpLXpZk/edit?usp=sharing
Academic Terms : Accelerated, Semester, Trimester
NCES SCED Code :
Subject Area : Social Sciences and History
Course Identifier : Particular Topics in Economics
Course Level : (G) General or Regular
Available Credit : 0.5
Sequence : 1 of 1

How To Enroll:

Enrollment Website : https://slp.michiganvirtual.org/
Email : [email protected]
Phone : (888) 889-2840

Students and Parents: It is important to work closely with your local school counselor or registrar to follow the school's enrollment procedures. By clicking the "Start Registration Request" button below, you will be able to notify the school of your interest in registering for the online course. However, it is the responsibility of the district or school to review the registration request and approve or deny the request. Please make a note to follow up with your school after submitting a registration request.

Start Registration Request

Additional Course Information:

Upon completion of this course, students will be able to:

  • conduct research regarding potential income, non-income factors that may influence career choice, benefits and costs of obtaining the necessary education or technical skills, taxes a person is likely to pay, and other possible sources of income
  • describe the factors that consumers may consider when purchasing a good or service
  • identify the incentives people have to set aside income for future consumption, and evaluate the impact of time, interest rates, and inflation upon the value of savings
  • evaluate the benefits, costs, and potential impacts of using credit to purchase goods and services
  • analyze the risks, expected rate of return, tax benefits, impact of inflation, and the importance of diversification when investing in financial assets
  • assess the financial risk of lost income, assets, health, or identity, and determine if a person should accept the risk exposure, reduce risk, or transfer the risk to others by paying a fee now to avoid the possibility of a larger loss later

INACOL Online Course Quality Standards

Academic Content Standards and Assessments Rating Comments
The goals and objectives clearly state what the participants will know or be able to do at the end of the course. The goals and objectives are measurable in multiple ways.
The course content and assignments are aligned with the state’s content standards, Common Core curriculum, or other accepted content standards set for Advanced Placement® courses, technology, computer science, or other courses whose content is not included in the state standards.
The course content and assignments are of sufficient rigor, depth and breadth to teach the standards being addressed.
Information literacy and communication skills are incorporated and taught as an integral part of the curriculum.
Multiple learning resources and materials to increase student success are available to students before the course begins.
Course Overview and Introduction Rating Comments
Clear, complete course overview and syllabus are included in the course.
Course requirements are consistent with course goals, are representative of the scope of the course and are clearly stated.
Information is provided to students, parents and mentors on how to communicate with the online instructor and course provider.
Legal and Acceptable Use Policies Rating Comments
The course reflects multi-cultural education, and the content is accurate, current and free of bias or advertising.
Expectations for academic integrity, use of copyrighted materials, plagiarism and netiquette (Internet etiquette) regarding lesson activities, discussions, and e-mail communications are clearly stated.
Privacy policies are clearly stated.
Instructor Resources Rating Comments
Online instructor resources and notes are included.
Assessment and assignment answers and explanations are included. cebsch
Instructional and Audience Analysis Rating Comments
Course design reflects a clear understanding of all students’ needs and incorporates varied ways to learn and master the curriculum.
Course, Unit and Lesson Design Rating Comments
The course is organized by units and lessons that fall into a logical sequence. Each unit and lesson includes an overview describing objectives, activities, assignments, assessments, and resources to provide multiple learning opportunities for students to master the content.
Instructional Strategies and Activities Rating Comments
The course instruction includes activities that engage students in active learning.
The course and course instructor provide students with multiple learning paths, based on student needs that engage students in a variety of ways.
The course provides opportunities for students to engage in higher-order thinking, critical reasoning activities and thinking in increasingly complex ways.
The course provides options for the instructor to adapt learning activities to accommodate students’ needs.
Readability levels, written language assignments and mathematical requirements are appropriate for the course content and grade-level expectations.
Communication and Interaction Rating Comments
The course design provides opportunities for appropriate instructor-student interaction, including opportunities for timely and frequent feedback about student progress.
The course design includes explicit communication/activities (both before and during the first week of the course) that confirms whether students are engaged and are progressing through the course. The instructor will follow program guidelines to address non-responsive students.
The course provides opportunities for appropriate instructor-student and student-student interaction to foster mastery and application of the material.
Resources and Materials Rating Comments
Students have access to resources that enrich the course content. cebsch
Evaluation Strategies Rating Comments
Student evaluation strategies are consistent with course goals and objectives, are representative of the scope of the course and are clearly stated.
The course structure includes adequate and appropriate methods and procedures to assess students’ mastery of content.
Feedback Rating Comments
Ongoing, varied, and frequent assessments are conducted throughout the course to inform instruction.
Assessment strategies and tools make the student continuously aware of his/her progress in class and mastery of the content.
Assessment Resources and Materials Rating Comments
Assessment materials provide the instructor with the flexibility to assess students in a variety of ways.
Grading rubrics are provided to the instructor and may be shared with students.
The grading policy and practices are easy to understand. cebsch
Course Architecture Rating Comments
The course architecture permits the online instructor to add content, activities and assessments to extend learning opportunities.
The course accommodates multiple school calendars; e.g., block, 4X4 and traditional schedules.
User Interface Rating Comments
Clear and consistent navigation is present throughout the course.
Rich media are provided in multiple formats for ease of use and access in order to address diverse student needs.
Technology Requirements and Interoperability Rating Comments
All technology requirements (including hardware, browser, software, etc...) are specified.
Prerequisite skills in the use of technology are identified.
The course uses content-specific tools and software appropriately.
The course is designed to meet internationally recognized interoperability standards.
Copyright and licensing status, including permission to share where applicable, is clearly stated and easily found.
Accessibility Rating Comments
Course materials and activities are designed to provide appropriate access to all students. The course, developed with universal design principles in mind, conforms to the U.S. Section 504 and Section 508 provisions for electronic and information technology as well as the W3C’s Web Content Accessibility guidelines (WCAg 2.0).
Data Security Rating Comments
Student information remains confidential, as required by the Family Educational Rights and Privacy Act (FERPA). cebsch
Accessing Course Effectiveness Rating Comments
The course provider uses multiple ways of assessing course effectiveness.
The course is evaluated using a continuous improvement cycle for effectiveness and the findings used as a basis for improvement.
Course Updates Rating Comments
The course is updated periodically to ensure that the content is current.
Certification Rating Comments
Course instructors, whether faceto-face or virtual, are certificated and “highly qualified.” The online course teacher possesses a teaching credential from a state-licensing agency and is “highly qualified” as defined under ESEA.
Instructor and Student Support Rating Comments
Professional development about the online course delivery system is offered by the provider to assure effective use of the courseware and various instructional media available.
The course provider offers technical support and course management assistance to students, the course instructor, and the school coordinator.
Course instructors, whether face-to-face or virtual, have been provided professional development in the behavioral, social, and when necessary, emotional, aspects of the learning environment.
Course instructors, whether face-to-face or virtual, receive instructor professional development, which includes the support and use of a variety of communication modes to stimulate student engagement online.
The provider assures that course instructors, whether face-to-face or virtual, are provided support, as needed, to ensure their effectiveness and success in meeting the needs of online students.
Students are offered an orientation for taking an online course before starting the coursework. cebsch

Review Conducted By : Quality Matters
Date of Review : 03/25/2019

Getting Started

Earning Money

Spending Smart

Save, Invest, and Build Wealth

All About Credit

How Insurance Works

School and Money

Term Type Enrollment Opens Enrollment Ends Random Draw Date Enrollment Drop Date Course Starts Course Ends # of Seats Course Fee Potential Additional Costs
Accelerated 01/29/2020 06/26/2020 05/01/2020 07/03/2020 06/08/2020 08/14/2020 100 $325.0000 0.0000
Semester 04/01/2020 11/02/2020 06/01/2020 08/07/2020 01/29/2021 300 $325.0000 0.0000
Trimester 04/01/2020 10/19/2020 06/01/2020 08/07/2020 12/18/2020 100 $325.0000 0.0000
Trimester 04/01/2020 01/04/2021 06/01/2020 10/23/2020 04/02/2021 100 $325.0000 0.0000
Semester 04/01/2020 03/29/2021 06/01/2020 11/27/2020 06/18/2021 300 $325.0000 0.0000
Trimester 04/01/2020 04/12/2021 06/01/2020 01/08/2021 06/18/2021 100 $325.0000 0.0000
Drop Policy Completion Policy Term Type Enrollment Opens Enrollment Ends
Up to 25 days after term start date. 60% or higher Accelerated 01/29/2020 06/26/2020
The last day to drop to receive a full refund is either 25 consecutive days after the enrollment's Start Date or the defined refund date, which ever date comes soonest. Students who are enrolled with a Start Date that is in the past, will have a minimum of 5 consecutive calendar days to drop and receive a refund. Students may access their course from their enrollment Start Date to their enrollment End Date. For reporting purposes, a completion is a 60% final score or higher. Semester 04/01/2020 11/02/2020
The last day to drop to receive a full refund is either 25 consecutive days after the enrollment's Start Date or the defined refund date, which ever date comes soonest. Students who are enrolled with a Start Date that is in the past, will have a minimum of 5 consecutive calendar days to drop and receive a refund. Students may access their course from their enrollment Start Date to their enrollment End Date. For reporting purposes, a completion is a 60% final score or higher. Trimester 04/01/2020 10/19/2020
The last day to drop to receive a full refund is either 25 consecutive days after the enrollment's Start Date or the defined refund date, which ever date comes soonest. Students who are enrolled with a Start Date that is in the past, will have a minimum of 5 consecutive calendar days to drop and receive a refund. Students may access their course from their enrollment Start Date to their enrollment End Date. For reporting purposes, a completion is a 60% final score or higher. Trimester 04/01/2020 01/04/2021
The last day to drop to receive a full refund is either 25 consecutive days after the enrollment's Start Date or the defined refund date, which ever date comes soonest. Students who are enrolled with a Start Date that is in the past, will have a minimum of 5 consecutive calendar days to drop and receive a refund. Students may access their course from their enrollment Start Date to their enrollment End Date. For reporting purposes, a completion is a 60% final score or higher. Semester 04/01/2020 03/29/2021
The last day to drop to receive a full refund is either 25 consecutive days after the enrollment's Start Date or the defined refund date, which ever date comes soonest. Students who are enrolled with a Start Date that is in the past, will have a minimum of 5 consecutive calendar days to drop and receive a refund. Students may access their course from their enrollment Start Date to their enrollment End Date. For reporting purposes, a completion is a 60% final score or higher. Trimester 04/01/2020 04/12/2021

Students can use chat, email or private message system within the course to access highly qualified teachers when they need instructor assistance.

School Year Enrollment Count Pass Count Completion Rate Notes
13-14 201 178 88.6% Enrollment data include all enrollments (21f and non-21f) for the Spring and Summer 2013-14 school year.
14-15 530 482 90.9% Enrollment data includes all enrollments (21f and non-21f) for the 2014-15 school year.
15-16 475 434 91.4% None
16-17 364 326 89.6% Enrollment data include all enrollments (21f and non-21f) for the 2016-17 school year.
17-18 232 213 91.8% Enrollment data includes all enrollments (21f and non-21f) for the 2017-18 school year.

Students will require a computer device with headphones, a microphone, webcam, up-to-date Chrome Web Browser, and access to YouTube.

Please review the Michigan Virtual Technology Requirements: https://michiganvirtual.org/about/support/knowledge-base/technical-requirements/