Career & Financial Management

Allocation of Resources Achievement Standard: Assess opportunity costs and trade-offs involved in making choices about how to use scarce economic resources.

Economic Systems Achievement Standard: Explain why societies develop economic systems, identify the basic features of different economic systems, and analyze the major features of the U.S. economic system.

Economic Institutions and Incentives Achievement Standard: Analyze the role of core economic institutions and incentives in the U.S. economy.

Markets and Prices Achievement Standard: Analyze the role of markets and prices in the U.S. economy.

Market Structures Achievement Standard: Analyze the different types of market structures and the effect they have on the price and the quality of the goods and services produced.

Productivity Achievement Standard: Explain the importance of productivity and analyze how specialization, division of labor, investment in physical and human capital, and technological change affect productivity and global trade.

The Role Of Government Achievement Standard: Analyze the role of government in economic systems, especially the role of government in the U.S. economy.

Global Economic Concepts Achievement Standard: Examine the role of trade, protectionism, and monetary markets in the global economy.

Aggregate Supply and Aggregate Demand Achievement Standard: Analyze how the U.S. economy functions as a whole and describe selected macroeconomic measures of economic activity.