Standard set
Economics: Grade 12
Standards
Showing 106 of 106 standards.
6.1
Scarcity and Choice
6.2
Markets and Economic Systems
6.3
Functions of Government
6.4
Economic Interdependence
6.5
Income, Profit, and Wealth
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Scarcity and Choice
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Limited Resources
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Opportunity Costs
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Incentives and Choice
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Goods and Services
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Market Competition
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Advertising and Media
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Price Determination
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Economic Health
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Private Economic Institutions
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Economic Systems
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Goods and Services
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Government Involvement in the Economy
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Taxation
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Governments Role in International Trade
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Specialization
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Trade
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Multinational and Non-Government Organizations
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Economic Interdependence
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Factors Influencing Wages
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Labor Productivity
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Types of Businesses
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Profits and Losses
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Distribution of Wealth
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Entrepreneurship
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Costs and Benefits of Saving
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Interest Rates
6.1.U.A
Analyze how choices are made because of scarcity.
6.1.W.A
Analyze how choices are made because of scarcity.
6.1.C.A
Predict the long-term consequences of decisions made because of scarcity.
6.1.12.A
Predict the long-term consequences of decisions made because of scarcity.
6.1.U.B
Analyze how conflict and cooperation among groups and organizations have impaced the control of limited resources in the United States.
6.1.W.B
Analyze how conflict and cooperation among groups and organizations have impaced the control of limited resources in the world.
6.1.C.B
Evaluate the economic reasoning behind a choice.
6.1.1.12.B
Evaluate the economic reasoning behind a choice. Evaluate effective allocation of resources for the production of goods and services.
6.1.U.C
Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.
6.1.W.C
Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.
6.1.C.C
Explain the opportunity cost associated with government policies.
6.1.12.C
Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.
6.1.12.D
Predict how changes in incentives may affect the choices made by individuals, businesses, communities, and nations.
6.2.U.A
Analyze the flow of goods and services in the national economy.
6.2.W.A
Evaluate the flow of goods and services in an international economy.
6.2.C.A
Analyze the flow of goods and services in the national economy.
6.2.12.A
Evaluate the flow of goods and services in an international economy.
6.2.12.B
Analyze the effect of changes in the level of competition in different markets.
6.2.U.C
Evaluate the impact of advertising and media on individual and group behavior throughout United States history.
6.2.W.C
Evaluate the impact of advertising and media on individual and group behavior throughout world history.
6.2.C.C
Analyze how media affects economic decisions.
6.2.12.C
Predict and evaluate how media affects markets.
6.2.U.D
Explain how the laws of supply and demand impacted individuals and groups behavior over time.
6.2.W.D
Explain how the laws of supply and demand impacted individuals and groups behavior over time.
6.2.12.D
Predict how changes in supply and demand affect equilibrium price and quantity sold.
6.2.U.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
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.C.E
Analyze the characteristics of economic expansion, recession, and depression.
6.2.12.E
Evaluate the health of an economy (local, regional, national, global) using economic indicators.
6.2.U.F
Analyze the impact of private economic institutions on individuals and groups over time.
6.2.W.F
Analyze the impact of private economic institutions on individuals and groups over time.
6.2.12.F
Evaluate the impact of private economic institutions on the individual, the national and the international economy.
6.2.U.G
Compare and contrast various economic systems.
6.2.W.G
Compare and contrast various economic systems.
6.2.C.G
Compare and contrast various economic systems.
6.2.12.G
Evaluate various economic systems.
6.3.C.A
Evaluate the costs and benefits of government decisions to provide public goods and services.
6.3.12.A
Evaluate the costs and benefits of government decisions to provide public goods and services.
6.3.U.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.W.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.C.B
Assess the government's role in regulating and stabilizing the state and national economy.
6.3.12.B
Assess the government's role in regulating and stabilizing the state and national economy.
6.3.U.C
Compare and contrast the taxation policies of the local, state, and national governments.
6.3.C.C
Evaluate the social, political, and economic costs/benefits of potential changes to taxation policies.
6.3.12.C
Evaluate the social, political, and economic costs/benefits of potential changes to taxation policies.
6.3.U.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.W.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.C.D
Explain why governments limit or promote international trade.
6.3.12.D
Evaluate the role that governments play in international trade.
6.4.U.A
Explain how specialization contributes to economic interdepence on a national and international level.
6.4.W.A
Explain how specialization contributes to economic interdepence on a national and international level.
6.4.C.A
Explain how specialization contributes to economic interdepence on a national and international level.
6.4.12.A
Evaluate the comparative advantage of nations in the production of goods and services.
6.4.W.B
Explain how trade contributes to economic interdependence.
6.4.12.B
Assess the growth and impact of international trade around the world.
6.4.U.C
Compare the role groups and individuals played in the social, political, cultural, and economic development of the U.S.
6.4.W.C
Compare the role groups and individuals played in the social, political, cultural, and economic development throughout world history.
6.4.C.C
Evaluate the impact of multinational corporations and other non-government organizations.
6.4.12.C
Evaluate the impact of multinational corporations and other non-government organizations.
6.4.U.D
Explain how the level of development of transportation, communication networks, and technology affect economic interdependence.
6.4.W.D
Explain how the level of development of transportation, communication networks, and technology affect economic interdependence.
6.4.12.D
Analyze how changes in transportation, communication networks, and technology affect economic interdependence around the world in the 21st century.
6.5.12.A
Analyze the factors influencing wages.
6.5.U.B
Compare the role groups and individuals played in the social, political, cultural, and economic development of the U.S.
6.5.12.B
Evaluate how changes in education, incentives, technology, and capital investment alter productivity.
6.5.12.C
Analyze the costs and benefits of organizing a business as a sole proprietorship, partnership, or corporation.
6.5.12.D
Analyze the role of profits and losses in the allocation of resources in a market economy.
6.5.U.E
Define wealth and describe its distribution within and among the political divisions of the United States.
6.5.W.E
Compare distribution of wealth across nations.
6.5.12.E
Compare distribution of wealth across nations.
6.5.U.F
Examine leading entrepreneurs in the United States in terms of the risks they took and the rewards they received.
6.5.12.F
Assess the impact of entrepreneurs on the economy.
6.5.12.G
Analyze the risks and returns of various investments.
6.5.12.H
Evaluate benefits and costs of changes in interest rates for individuals and society.
Framework metadata
- Source document
- Academic Standards for Economics (Secondary) (2009)
- License
- CC BY 3.0 US