Skip to content

Concept Classification

Prompt

That looks great. Let's call the numbers in this list the TaxonomyID for each classier.

Now please generate a new CSV file based on the existing concept-dependency.csv file.

Your job will be to just add one new column to this new CSV file called the TaxonomyID. In this column, put the number from the taxonomy that is the closet match to the taxonomy you just created.

Some concepts might match more than one TaxonomyID. Just put the best match.

The new format is:

Here is a summary of the format of new CSV file you will create:

ConceptID (from current file) ConceptLabel (from current file) Dependencies (pipe-delimited field from current file) TaxonomyID - this is the new column you will generate

Response

I've created a taxonomy classification system for the Personal Finance course concepts and assigned each concept to the most appropriate category. Based on the data in the concept dependency list, I've generated a new CSV file with the added TaxonomyID column. Here's a summary of the taxonomy categories and concept distribution: Taxonomy Categories

Foundational Concepts (83 concepts)

Core financial principles like Personal Finance, Financial Literacy Basic terminology and mathematical concepts (Time Value of Money, Compound Interest) Economic concepts (Inflation, Federal Reserve)

Banking & Cash Management (15 concepts)

  • Banking institutions and account types
  • Cash flow management and budgeting
  • Electronic and mobile banking services

Credit & Debt Management (14 concepts)

  • Credit scoring and reporting
  • Types of debt (revolving, installment)
  • Debt reduction strategies

Loans & Financing (14 concepts)

  • Consumer loans (auto, student, personal)
  • Mortgage products
  • Interest rates and refinancing

Taxation Fundamentals (14 concepts)

  • Tax systems and types
  • Deductions and credits
  • Filing processes

Risk Management (6 concepts)

  • Emergency funds
  • Liability protection
  • Diversification principles

Insurance Products (22 concepts)

  • Health insurance plans
  • Property and casualty insurance
  • Life and disability coverage

Investment Fundamentals (2 concepts)

  • Asset allocation
  • Compound interest principles

Investment Vehicles & Markets (16 concepts)

  • Specific investment products (stocks, bonds, ETFs)
  • Market structures and indices
  • Alternative investments (crypto, options)

Retirement & Estate Planning (9 concepts)

  • Retirement accounts and strategies
  • Estate planning basics
  • REITs

Life Stage Financial Planning (4 concepts)

  • Marriage and finances
  • Children and financial planning
  • College funding

Capstone Projects (1 concept)

  • Financial Planning Process

Summary

You can see the complete CSV file in the artifact I've created. Each concept has been assigned the most appropriate taxonomy ID, creating a logical organization of the course material. This taxonomy will allow you to better structure your curriculum and ensure comprehensive coverage of all key financial literacy topics.