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National Standards in Economics
Name: Scarcity
Standard: 1
- Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
- Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.
National Standards in Financial Literacy
Name: Spending
Standard: 2
- Students will understand that: A budget is a plan for allocating a person’s spendable income to necessary and desired goods and services. When there is sufficient money in their budget, people may decide to give money to others, save, or invest to achieve future goals. People can often improve their financial wellbeing by making well-informed spending decisions, which includes critical evaluation of price, quality, product information, and method of payment. Individual spending decisions may be influenced by financial constraints, personal preferences, unique needs, peers, and advertising.
Common Core State Standards
Name: CCRA.L.5
Standard: College and Career Readiness Anchor Standards for Language
Area: College and Career Readiness Anchor Standards for Language
- Demonstrate understanding of figurative language, word relationships, and nuances in word meanings.
Name: CCRA.L.6
Standard: College and Career Readiness Anchor Standards for Language
Area: College and Career Readiness Anchor Standards for Language
- Acquire and use accurately a range of general academic and domain-specific words and phrases sufficient for reading, writing, speaking, and listening at the college and career readiness level; demonstrate independence in gathering vocabulary knowledge when encountering an unknown term important to comprehension or expression.
Name: CCRA.R.1
Standard: College and Career Readiness Anchor Standards for Reading
Area: College and Career Readiness Anchor Standards for Reading
- Read closely to determine what the text says explicitly and to make logical inferences from it; cite specific textual evidence when writing or speaking to support conclusions drawn from the text.
Name: CCRA.R.2
Standard: College and Career Readiness Anchor Standards for Reading
Area: College and Career Readiness Anchor Standards for Reading
- Determine central ideas or themes of a text and analyze their development; summarize the key supporting details and ideas.
Name: CCRA.R.3
Standard: College and Career Readiness Anchor Standards for Reading
Area: College and Career Readiness Anchor Standards for Reading
- Analyze how and why individuals, events, or ideas develop and interact over the course of a text.
Name: CCRA.SL.1
Standard: College and Career Readiness Anchor Standards for Speaking and Listening
Area: College and Career Readiness Anchor Standards for Speaking and Listening
- Prepare for and participate effectively in a range of conversations and collaborations with diverse partners, building on others’ ideas and expressing their own clearly and persuasively.
Name: CCRA.SL.4
Standard: College and Career Readiness Anchor Standards for Speaking and Listening
Area: College and Career Readiness Anchor Standards for Speaking and Listening
- Present information, findings, and supporting evidence such that listeners can follow the line of reasoning and the organization, development, and style are appropriate to task, purpose, and audience.
Name: CCRA.W.4
Standard: College and Career Readiness Anchor Standards for Writing
Area: College and Career Readiness Anchor Standards for Writing
- Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience.
