Is a high school course with personal finance concepts required to be taken as a graduation requirement? Yes, Michigan requires that high school students take a half-year economics course for graduation. See: Michigan High School Graduation Requirements (page 14).
There are four high-level economics "expectations" or standards, which consist of 44 specific sub-standards. Personal finance is one of these economics standards and contains six specific sub-standards. Based on this information, we estimate that students receive approximately eight hours of instruction in personal finance. See: Michigan Social Studies Standards (pages 68-71).
It is not clear how Michigan measures student achievement in financial literacy.