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National
Standards in Economics

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


LESSON

The Credit Card Mystery ~ http://www.econedlink.org/e847

Grades: 9-12


STANDARDS

Name: Interest Rates

Standard: 12

  • Students will understand that: Interest rates, adjusted for inflation, rise and fall to balance the amount saved with the amount borrowed, which affects the allocation of scarce resources between present and future uses.
  • Students will be able to use this knowledge to: Explain situations in which they pay or receive interest, and explain how they would react to changes in interest rates if they were making or receiving interest payments.