Common Planner
K–12 Standards

Grade 12: Principles of Economics (History-Social Science Framework)

Other California History-Social Science Frameworks sets

Overarching IdeasE.A.1

  • 1

    How is econmics about scarcity, investment, growth, employment, competition, protection, entrepreneurship, and markets?E.A.2

  • 2

    What is capitalism? What are its benefits and problems?E.A.3

  • 3

    What does it mean to be financially literate?E.A.4

  • 4

    How do worldwide markets affect me?E.A.5

The American Market EconomyE.B

  • 1

    What are key components of the American economic system?E.B.1

  • 2

    How are prices determined? Who determines prices?E.B.2

  • 3

    How do banks and markets function?E.B.3

Government Influence upon the American EconomyE.C

  • 1

    How is the American government involved in the economy?E.C.1

  • 2

    How has the American government been involved in the economy in the past?E.C.2

  • 3

    How does the federal budget affect ordinary people?E.C.3

  • 4

    What does it mean to pay taxes?E.C.4

  • 5

    What does it mean to run a deficit?E.C.5

  • 6

    Why is there a Federal Reserve Bank? How does it function?E.C.6

Labor MarketsE.D

  • 1

    What does it mean to work?E.D.1

  • 2

    How does one compete in the labor market?E.D.2

  • 3

    How are wages determined?E.D.3

  • 4

    How and why do workers organize?E.D.4

Aggregate Economic BehaviorE.E

  • 1

    What is macroeconomics and what does it reveal about the economy?E.E.1

  • 2

    How do data help to tell the story of the economy?E.E.2

  • 3

    How does a cyclical economy function?E.E.3

The Global EconomyE.F

  • 1

    What is globalization?E.F.1

  • 2

    How does globalization affect international and national economies and individuals?E.F.2

  • 3

    Why are there critics of globalization?E.F.3

Frequently asked questions

What grade levels do these standards cover?
Grade 12
Where can I read the official document?
History and Social Studies Frameworks Questions (2016)

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Keep exploring History-Social Science Frameworks standards

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