Financial Literacy 20, 30

(a)	Describe life events or circumstances (e.g., job loss, living common law, single parenting and becoming a parent) that may influence one’s personal financial goals and decisions.
(b)	Compare the impact that different economic systems including traditional, market, command and mixed economies may have on personal finances.
(c)	Identify stages of the economic life cycle and how they may affect personal financial decisions.
(d)	Identify economic trends in sectors (e.g., manufacturing, agriculture, natural resources, energy and banking) that drive the Saskatchewan and Canadian economies.
(e)	Explain and simulate economic principles including supply and demand, scarcity, incentives, elasticity, opportunity cost, diminishing marginal utility and diminishing marginal productivity.
(f)	Identify Saskatchewan and Canadian policies that may impact personal or community financial decisions.