Common Planner
K–12 Standards

Economics: Grades K, 1, 2, 3

Other Delaware Social Studies sets

Students will analyze the potential costs and benefits of personal economic choices in a market economy.E.1

  • a.

    Students will understand that individuals and families with limited resources undertake a wide variety of activities to satisfy their wants.E.1.K-3.a

  • b.

    Students will apply the concept that economic choices require the balancing of costs incurred with benefits received.E.1.K-3.b

Students will examine the interaction of individuals, families, communities, businesses, and governments in a market economy.E.2

  • a.

    Students will understand how barter, money, and other media are employed to facilitate the exchange of resources, goods, and services.E.2.K-3.a

Students will understand different types of economic systems and how they change.E.3

  • a.

    Students will identify human wants and the various resources and strategies which have been used to satisfy them over time.E.3.K-3.a

Students will examine the patterns and results of international trade.E.4

  • a.

    Students will understand that the exchange of goods and services around the world creates economic interdependence between people in different places.E.4.K-3.a

Frequently asked questions

What grade levels do these standards cover?
Grade 1, Grade 2, Grade 3, and Kindergarten
When were these standards adopted?
2018
Where can I read the official document?
Delaware Standards for Economics

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