1. 1. Understanding and demonstration of the required knowledge, skills, and processes to support learners in achievement of the Economics and Personal Finance Virginia Standards of Learning, including:

   1. a. Integration of economic concepts and structures, including how consumers, businesses, and governments face scarcity of resources and make trade-offs and incur opportunity costs;
   2. b. Role of producers and consumers in a market economy including response to incentives, the role of entrepreneurs, and how costs and revenues affect profit and supply;
   3. c. The price system;
   4. d. Factors that affect income;
   5. e. Nation's economic goals, including full employment, stable prices, and economic growth;
   6. f. Nation's financial system;
   7. g. Monetary and fiscal policy;
   8. h. Role of government in a market economy;
   9. i. Global economy including trade and comparative advantage;
   10. j. Consumer skills;
   11. k. Planning for living and leisure expenses;
   12. l. Banking transactions;
   13. m. Credit and loan functions;
   14. n. Role of insurance in risk management;
   15. o. Income earning, taxes, and reporting;
   16. p. Personal financial planning;
   17. q. Investment and savings planning; and
   18. r. Financing postsecondary education (including the Free Application for Federal Student Aid (FAFSA); and
2. 2. Understanding and knowledge of teaching in an online or blended learning environment.

The program in economics and personal finance shall ensure that the candidate holds an active license (Collegiate Professional License, Postgraduate Professional License, or a Provisional License leading to a Collegiate Professional or Postgraduate Professional License) with a teaching endorsement or endorsements issued by the State Board of Education and has demonstrated the following competencies:

Statutory Authority

§§ 22.1-200.03 and 22.1-298.1 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 42, Issue 11, eff. February 11, 2026.