Compare and contrast the characteristics of global and national financial risk management.
Identify categories of risk.
Explain processes used to address risk-management issues.
Examples: identification, risk quantification, risk response development, risk monitoring and control
Evaluate the process used to quantify risks based on the relationship between impact and probability.
Describe strategies for responding to risks.
Examples: avoid, transfer, mitigate, accept
Internet Research
Gather information and draw conclusions on the impact of technology on global financial markets.
Examples: Internet, teleconferencing, webcasts, electronic communication
Explain how the cost of financial investments is affected by specific news about a company’s future profitability in global markets.
Career Opportunities
List business sectors that commonly seek global finance professionals.
Identify employment growth prospects for international business careers including financial analysts, policy analysts, stock traders/investors, and regulators.
Identify personal skills and characteristics that lead to success in global business careers, including being innovative, analytical, and multilingual, and describe the benefits of each.
Personal Finance
Foundational Standards
Incorporate safety procedures in handling, operating, and maintaining tools and machinery; handling materials; utilizing personal protective equipment; maintaining a safe work area; and handling hazardous materials and forces.
Demonstrate effective workplace and employability skills, including communication, awareness of diversity, positive work ethic, problem-solving, time management, and teamwork.
Explore the range of careers available in the field and investigate their educational requirements, and demonstrate job-seeking skills including resume-writing and interviewing.
Advocate and practice safe, legal, responsible, and ethical use of information and technology tools specific to the industry pathway.
Participate in a Career and Technical Student Organization (CTSO) to increase knowledge and skills and to enhance leadership and teamwork.
Discuss and demonstrate ways to value diversity.
Financial Responsibility
Describe the nature and scope of personal finance, including how personal finance concepts fit into key life events or stages.
Research and share information from a variety of sources to explain the importance of personal financial planning.
Examples: instructional materials, news articles, blogs from reputable sources, personal narratives, industry publications
Specify how monetary and non-monetary assets can contribute to net worth.
Describe personal spending behavior that contributes to building wealth.
Explain how charitable giving fits into a spending plan.
Describe practices that assist individuals and families to achieve and maintain financial security.
Examples: determining needs and wants, creating a budget, setting goals, keeping records, developing a personal financial plan, saving, investing
Explain how goals, decision-making, and planning affect personal financial choices and behaviors.
Create a plan to reach a specific financial goal.
Explain personal values that affect financial choices.
Examples: desire for home ownership, work ethic, charity, civic virtue
Explain the advantages of designing and following a personal financial plan.
Compare and contrast retirement and estate planning options available to individuals and families.
Explain how certifications may expand employment opportunities and positively impact earnings.
Examples: lifeguard training, tax preparation class, first aid training
Describe the opportunity costs of developing human capital by taking courses to prepare for employment in careers that are in high demand with high income potential.
Gather information from several sources when planning to purchase a product.
Examples: manufacturers, retailers, consumer reviews, independent testing laboratories
