| Action Summary | The requirement to teach a course in economics and financial literacy to students in the Commonwealth was required by the General Assembly. The 2005 General Assembly approved Senate Bill 950, a bill directing the Virginia Board of Education to "establish objectives for economic education and financial literacy" to be required of all students at the middle and high school levels. As a result of the legislation, Section 22.1–200.03 of the Code of Virginia required the Board of Education to develop and approve objectives for economics education and financial literacy to be required of all students at the middle and high school levels to "further the development of knowledge, skills, and attitudes needed for responsible citizenship in a constitutional democracy." Beginning with students entering ninth grade in fall 2011, one standard unit of credit in Economics and Personal Finance is required for graduation with a Standard or Advanced Studies Diploma. Students may earn this credit by successfully completing the course at any time during their high school career. The course in Economics and Personal Finance is required; however, no specific endorsement was established for educators who were assigned to teach the course. |
| Chapters Affected | Only affects this chapter. |
| Executive Branch Review | This action will go through the normal Executive Branch Review process. |
| RIS Project | Yes [005855] |
| New Periodic Review | This action will not be used to conduct a new periodic review. |
| Name / Title: | Jim Chapman / Director of Board Relations |
| Address: |
James Monroe Bldg. 101 N. 14th St., 25th Floor Richmond, VA 23219 |
| Email Address: | jim.chapman@doe.virginia.gov |
| Phone: | (804)750-8750 FAX: ()- TDD: ()- |