Personal Financial Literacy and Economics builds upon and extends the economic content and concepts studied from Kindergarten through grade 12 social studies courses in Texas. The course provides a foundation in both microeconomics and macroeconomics. Students will survey the impact of demand, supply, various industry structures, and government policies on the market for goods, services, and wages for workers. Macroeconomic study involves economic systems with an emphasis on free enterprise market systems, goals of full employment, price stability, and growth, while examining problems like unemployment and inflation, and the policies enacted to deal with them. The course also builds upon and extends the personal finance content and concepts studied from kindergarten through grade 8 in mathematics courses in Texas. It is an integrative course that applies the same economic way of thinking developed to making choices about how to allocate scarce resources in an economy to how to make them at the personal level. It requires demonstrated critical thinking by students who explore how to invest in themselves with education and skill development, how to earn income, how to budget for spending, saving, investing, and protecting. Students will examine their individual responsibility for managing their personal finances and will understand that doing so will impact their standard of living and long-term financial well-being. Further, students will connect how their financial decision making will impact the greater economy.