EconEdLink

National
Standards in Economics

Below are the National Standards in Economics that most closely relate to the following interactive tool.


INTERACTIVE

Making Sen$e with Paul Solman: Paul Solman Explores The 'Paradox of Thrift' ~ http://www.econedlink.org/i23

Grades: 9-12


STANDARDS

Name: Economic Growth

Standard: 15

  • Students will understand that: Investment in factories, machinery, new technology, and in the health, education, and training of people stimulates economic growth and can raise future standards of living.
  • Students will be able to use this knowledge to: Predict the consequences of investment decisions made by individuals, businesses, and governments.

Name: Economic Fluctuations

Standard: 18

  • Students will understand that: Fluctuations in a nation's overall levels of income, employment, and prices are determined by the interaction of spending and production decisions made by all households, firms, government agencies, and others in the economy. Recessions occur when overall levels of income and employment decline.
  • Students will be able to use this knowledge to: Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers, and government policy makers.