(a) The county board may develop curriculum content for a hands-on course in financial literacy to be offered to all students in the eighth grade.

(b) The curriculum content shall include instruction regarding:

(1) Identification of services provided by financial institutions;

(2) Debit cards and their uses;

(3) Interest and credit;

(4) Savings and investing;

(5) The differences among sales, income, and property taxes, and the purpose of each type of tax;

(6) The basic principles of Social Security;

(7) Net monthly income; and

(8) Household budgeting.

(c) Beginning in the 2013-2014 school year, the county board may implement the financial literacy curriculum content developed under subsection (a) of this section in every middle school in the county.