Economics: Grades 10, 11

Scarcity and Choice

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    Scarcity and Choice

    1. A.

      Analyze how choices are made because of scarcity.6.1.U.A

    2. A.

      Analyze how choices are made because of scarcity.6.1.W.A

    3. A.

      Predict the long-term consequences of decisions made because of scarcity.6.1.C.A

    4. A.

      Predict the long-term consequences of decisions made because of scarcity.6.1.12.A

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    Limited Resources

    1. B.

      Analyze how conflict and cooperation among groups and organizations have impaced the control of limited resources in the United States.6.1.U.B

    2. B.

      Analyze how conflict and cooperation among groups and organizations have impaced the control of limited resources in the world.6.1.W.B

    3. B.

      Evaluate the economic reasoning behind a choice.6.1.C.B

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    Opportunity Costs

    1. C.

      Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.6.1.U.C

    2. C.

      Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.6.1.W.C

    3. C.

      Explain the opportunity cost associated with government policies.6.1.C.C

Markets and Economic Systems

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    Goods and Services

    1. A.

      Analyze the flow of goods and services in the national economy.6.2.U.A

    2. A.

      Evaluate the flow of goods and services in an international economy.6.2.W.A

    3. A.

      Analyze the flow of goods and services in the national economy.6.2.C.A

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    Advertising and Media

    1. C.

      Evaluate the impact of advertising and media on individual and group behavior throughout United States history.6.2.U.C

    2. C.

      Evaluate the impact of advertising and media on individual and group behavior throughout world history.6.2.W.C

    3. C.

      Analyze how media affects economic decisions.6.2.C.C

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    Price Determination

    1. D.

      Explain how the laws of supply and demand impacted individuals and groups behavior over time.6.2.U.D

    2. D.

      Explain how the laws of supply and demand impacted individuals and groups behavior over time.6.2.W.D

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    Economic Health

    1. E.

      Analyze the impact of the business cycle on idividual and group behavior over time. Analyze the characteristics of economic expansion, recession, and depression.6.2.U.E

    2. E.

      Analyze the impact of the business cycle on idividual and group behavior over time. Analyze the characteristics of economic expansion, recession, and depression.6.2.W.E

    3. E.

      Analyze the characteristics of economic expansion, recession, and depression.6.2.C.E

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    Private Economic Institutions

    1. F.

      Analyze the impact of private economic institutions on individuals and groups over time.6.2.U.F

    2. F.

      Analyze the impact of private economic institutions on individuals and groups over time.6.2.W.F

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    Economic Systems

    1. G.

      Compare and contrast various economic systems.6.2.U.G

    2. G.

      Compare and contrast various economic systems.6.2.W.G

    3. G.

      Compare and contrast various economic systems.6.2.C.G

Functions of Government

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    Goods and Services

    1. A.

      Evaluate the costs and benefits of government decisions to provide public goods and services.6.3.C.A

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    Government Involvement in the Economy

    1. B.

      Analyze how conflict and cooperation among groups and organizations have impacted the growth and development of the U.S.<ul><li>Ethnicity and Race</li><li>Working conditions</li><li>Immigration</li><li>Military conflict</li><li>Economic Stability</li></ul>6.3.U.B

    2. B.

      Analyze how conflict and cooperation among groups and organizations have influenced the history and development of the world.<ul><li>Ethnicity and Race</li><li>Working conditions </li><li>Immigration</li><li>Military conflict</li><li>Economic Stability</li></ul>6.3.W.B

    3. B.

      Assess the government's role in regulating and stabilizing the state and national economy.6.3.C.B

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    Taxation

    1. C.

      Compare and contrast the taxation policies of the local, state, and national governments.6.3.U.C

    2. C.

      Evaluate the social, political, and economic costs/benefits of potential changes to taxation policies.6.3.C.C

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    Governments Role in International Trade

    1. D.

      Analyze how conflict and cooperation among groups and organizations have impacted the growth and development of the US.<ul><li>Ethnicity and Race</li><li>Working conditions </li><li>Immigration</li><li> Military conflict</li><li>Economic Stability</li></ul>6.3.U.D

    2. D.

      Analyze how conflict and cooperation among groups and organizations have influenced the history and development of the world.<ul><li>Ethnicity and Race</li><li>Working conditions</li><li>Immigration</li><li>Military conflict</li><li>Economic Stability</li></ul>6.3.W.D

    3. D.

      Explain why governments limit or promote international trade.6.3.C.D

Economic Interdependence

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    Specialization

    1. A.

      Explain how specialization contributes to economic interdepence on a national and international level.6.4.U.A

    2. A.

      Explain how specialization contributes to economic interdepence on a national and international level.6.4.W.A

    3. A.

      Explain how specialization contributes to economic interdepence on a national and international level.6.4.C.A

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    Trade

    1. B.

      Explain how trade contributes to economic interdependence.6.4.W.B

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    Multinational and Non-Government Organizations

    1. C.

      Compare the role groups and individuals played in the social, political, cultural, and economic development of the U.S.6.4.U.C

    2. C.

      Compare the role groups and individuals played in the social, political, cultural, and economic development throughout world history.6.4.W.C

    3. C.

      Evaluate the impact of multinational corporations and other non-government organizations.6.4.C.C

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    Economic Interdependence

    1. D.

      Explain how the level of development of transportation, communication networks, and technology affect economic interdependence.6.4.U.D

    2. D.

      Explain how the level of development of transportation, communication networks, and technology affect economic interdependence.6.4.W.D

Income, Profit, and Wealth

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    Labor Productivity

    1. B.

      Compare the role groups and individuals played in the social, political, cultural, and economic development of the U.S.6.5.U.B

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    Distribution of Wealth

    1. E.

      Define wealth and describe its distribution within and among the political divisions of the United States.6.5.U.E

    2. E.

      Compare distribution of wealth across nations.6.5.W.E

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    Entrepreneurship

    1. F.

      Examine leading entrepreneurs in the United States in terms of the risks they took and the rewards they received.6.5.U.F

Frequently asked questions

What grade levels do these standards cover?
Grade 10 and Grade 11
When were these standards adopted?
2009
Where can I read the official document?
Academic Standards for Economics (Secondary)

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