Economics-6th Grade

Understand economic systems with an emphasis on the United States. Understand moral aspects of the economic systems of the United States. 

Understand how different economic systems operate in exchange, production, distribution and consumption of goods and services. Understand the moral consequences of how different economic systems operate in exchange, production, distribution and consumption of goods and services. Identify the motivating values that have informed particular societies and how they correlate with Catholic teaching. CSIS7 (7-12 CS) Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions .CSIS 7 (K-6 CS)      Distinguish the religious dimensions and basic elements of Christian social ethics within historical events. CSIS19 (7& 8)

Understand that scarcity necessitates choices by consumers. Understand that scarcity necessitates consumer choices which have moral implications. Discriminate between what is positive in the world, what needs to be transformed, and what injustices must be overcome. CSDS4 Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions. CSIS7

Understand that scarcity necessitates choices by producers. Understand that scarcity necessitates producer choices which have moral implications. Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions. CSIS7         Value and develop a love for the common good and our shared humanity, not just with those around us, but for those who have gone before and those who will come after us. CSDS2 (7-12 CS)

Understanding trade as an exchange of goods or services. Understand moral values behind the understanding of trade as an exchange of goods and services. Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions. CSIS7        Value one’s own role and dignity as man in God’s plan and creation. CSGS5 (7&8)

Understand the impact of government policies and decisions on production and consumption in the economy. Understand the moral implications of policies and decisions on production and consumption. Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions. CSIS7 (K-6 CS)         Demonstrate the ways men and societies change and/or persist over time to better understand the human condition. CSIS8 (7&8)

Define productivity.

Demonstrate how productivity increases through the use of technology.

Demonstrate how education and training improve skills and increase productivity.

Explain that in a market economy, producers make the goods and services consumers want.

Describe the role of the Church in protecting the dignity of workers.

Explain that a market exists whenever buyers and sellers exchange goods and services.

Identify examples of people acting as consumers and as producers.

Illustrate the law of demand.

Explain that prices are determined through the buying and selling decisions made by buyers and sellers.

Explain that competition takes place when there are many buyers and sellers of similar products.

Identify markets where there is competition among sellers.

Identify examples of competition among buyers.

Identify markets that are morally unacceptable. Tell why.

Explain how price is an incentive to buyers and sellers.

Analyze the effect of price changes on buyers and sellers.

Explain that there are incentives other than price that affect people's behavior in the economy.

Provide examples of positive incentives (rewards) that affect economic behavior.

Provide examples of negative incentives (penalties) that affect economic behavior.

Define the law of supply.

Identify moral incentives that affect individual and corporate purchasing decisions.

Define imports.

Define exports.

Provide examples of economic specialization.

Identify technologies that exist today that impact trade.

Explain the benefits of trade and the motivations behind it.

Describe how moral considerations can influence trade agreements. Give examples.

Describe the differences between income tax, sales tax, and property tax.

Identify what people would give up if governments had no power to tax.

Identify what goods and services are provided by various levels of government.

Discuss the advantages and disadvantages of the tax exempt status of non-profit organizations, such as a church.