Managing Risk

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Here's how Managing Risk aligns with curriculum standards in Council for Economic Education . Use the filters to change the location, set of standards, and grade level.

Location

Standard

Grades

Standards

Defined by National Standards 4th Grade and align with Managing Risk

4-1a: Give examples of risks that people and households face.

4-2a: Recommend ways to reduce or avoid a given risk.

4-3a: Give examples of life events for which emergency savings could offset financial losses.

4-4a: Provide examples of large financial risks that people buy insurance for (e.g., health, auto, fire).

4-1b: Identify why people take risks.

4-2b: Identify types of risks that are difficult or impossible for people to reduce or avoid.

4-2b: Give an example to illustrate the importance of having some money set aside for emergencies.

4-4b: Investigate the types of insurance commonly available for people to purchase.

4-1c: Estimate the losses and costs associated with certain physical and financial risks.

4-1d: Describe how valuable personal items might be lost or damaged.