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National Standards in Economics
Name: Decision Making
Standard: 2
- Students will understand that: Effective decision making requires comparing the additional costs of alternatives with the additional benefits. Many choices involve doing a little more or a little less of something: few choices "are all or nothing" decisions.
- Students will be able to use this knowledge to: Make effective decisions as consumers, producers, savers, investors, and citizens.
Name: Scarcity
Standard: 1
- Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
- Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.
National Standards in Financial Literacy
Name: Earning Income
Standard: 1
- Students will understand that: Most people earn wage and salary income in return for working, and they can also earn income from interest, dividends, rents, entrepreneurship, business profits, or increases in the value of investments. Employee compensation may also include access to employee benefits such as retirement plans and health insurance. Employers generally pay higher wages and salaries to more educated, skilled, and productive workers. The decision to invest in additional education or training can be made by weighing the benefit of increased income-earning and career potential against the opportunity costs in the form of time, effort, and money. Spendable income is lower than gross income due to taxes assessed on income by federal, state, and local governments.
Common Core State Standards
Name: RH.6-8.1
Standard: History/Social Studies -- Grade 6-8
Area: History/Social Studies -- Grade 6-8
- Cite specific textual evidence to support analysis of primary and secondary sources.
Name: RH.6-8.2
Standard: History/Social Studies -- Grade 6-8
Area: History/Social Studies -- Grade 6-8
- Determine the central ideas or information of a primary or secondary source; provide an accurate summary of the source distinct from prior knowledge or opinions.
Name: RH.6-8.4
Standard: History/Social Studies -- Grade 6-8
Area: History/Social Studies -- Grade 6-8
- Determine the meaning of words and phrases as they are used in a text, including vocabulary specific to domains related to history/social studies.
Name: RH.6-8.5
Standard: History/Social Studies -- Grade 6-8
Area: History/Social Studies -- Grade 6-8
- Describe how a text presents information (e.g., sequentially, comparatively, causally).
Name: RH.6-8.7
Standard: History/Social Studies -- Grade 6-8
Area: History/Social Studies -- Grade 6-8
- Integrate visual information (e.g., in charts, graphs, photographs, videos, or maps) with other information in print and digital texts.
Name: RH.6-8.9
Standard: History/Social Studies -- Grade 6-8
Area: History/Social Studies -- Grade 6-8
- Analyze the relationship between a primary and secondary source on the same topic.
Name: WHST.6-8.1
Standard: Writing Grade 6-8
Area: Writing Grade 6-8
- Write arguments focused on discipline-specific content.
Name: WHST.6-8.4
Standard: Writing Grade 6-8
Area: Writing Grade 6-8
- Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience.
Name: WHST.6-8.6
Standard: Writing Grade 6-8
Area: Writing Grade 6-8
- Use technology, including the Internet, to produce and publish writing and present the relationships between information and ideas clearly and efficiently.
Name: WHST.6-8.7
Standard: Writing Grade 6-8
Area: Writing Grade 6-8
- Conduct short research projects to answer a question (including a self-generated question), drawing on several sources and generating additional related, focused questions that allow for multiple avenues of exploration.
Name: WHST.6-8.8
Standard: Writing Grade 6-8
Area: Writing Grade 6-8
- Gather relevant information from multiple print and digital sources, using search terms effectively; assess the credibility and accuracy of each source; and quote or paraphrase the data and conclusions of others while avoiding plagiarism and following a standard format for citation.
Name: WHST.6-8.9
Standard: Writing Grade 6-8
Area: Writing Grade 6-8
- Draw evidence from informational texts to support analysis reflection, and research.
