K-12 teachers: Get free professional development wherever you are! EconEdLink members can register for webinars with one click and will receive certificates of completion within 24 hours of viewing. CHECK IT OUT

Standards for Comparative Economic Systems

Jump to:

National Standards in Economics

Name: Allocation

Standard: 3

  • Students will understand that: Different methods can be used to allocate goods and services. People acting individually or collectively must choose which methods to use to allocate different kinds of goods and services.
  • Students will be able to use this knowledge to: Evaluate different methods of allocating goods and services, by comparing the benefits to the costs of each method.

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.

Name: Role of Government and Market Failure

Standard: 16

  • Students will understand that: There is an economic role for government in a market economy whenever the benefits of a government policy outweigh its costs. Governments often provide for national defense, address environmental concerns, define and protect property rights, and attempt to make markets more competitive. Most government policies also have direct or indirect effects on people's incomes.
  • Students will be able to use this knowledge to: Identify and evaluate the benefits and costs of alternative public policies, and assess who enjoys the benefits and who bears the costs.

State Standards

Common Core State Standards

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.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: RH.11-12.1

Standard: History/Social Studies -- Grade 11-12

Area: History/Social Studies -- Grade 11-12

  • Cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole.

Name: RH.11-12.3

Standard: History/Social Studies -- Grade 11-12

Area: History/Social Studies -- Grade 11-12

  • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence, acknowledging where the text leaves matters uncertain.

Name: RH.11-12.4

Standard: History/Social Studies -- Grade 11-12

Area: History/Social Studies -- Grade 11-12

  • Determine the meaning of words and phrases as they are used in a text, including analyzing how an author uses and refines the meaning of a key term over the course of a text (e.g., how Madison defines faction in Federalist No. 10).

Name: RH.11-12.7

Standard: History/Social Studies -- Grade 11-12

Area: History/Social Studies -- Grade 11-12

  • Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem.

Name: RH.11-12.9

Standard: History/Social Studies -- Grade 11-12

Area: History/Social Studies -- Grade 11-12

  • Integrate information from diverse sources, both primary and secondary, into a coherent understanding of an idea or event, noting discrepancies among sources.

Name: RH.6-8.1

Standard: History/Social Studies -- Grade 6-8

Area: History/Social Studies -- Grade 6-8

  • Cite specific textual evidence to support analysis of primary and secondary sources.

Name: RH.6-8.2

Standard: History/Social Studies -- Grade 6-8

Area: History/Social Studies -- Grade 6-8

  • Determine the central ideas or information of a primary or secondary source; provide an accurate summary of the source distinct from prior knowledge or opinions.

Name: RH.6-8.3

Standard: History/Social Studies -- Grade 6-8

Area: History/Social Studies -- Grade 6-8

  • Identify key steps in a text’s description of a process related to history/social studies (e.g., how a bill becomes law, how interest rates are raised or lowered).

Name: RH.6-8.4

Standard: History/Social Studies -- Grade 6-8

Area: History/Social Studies -- Grade 6-8

  • Determine the meaning of words and phrases as they are used in a text, including vocabulary specific to domains related to history/social studies.

Name: RH.6-8.7

Standard: History/Social Studies -- Grade 6-8

Area: History/Social Studies -- Grade 6-8

  • Integrate visual information (e.g., in charts, graphs, photographs, videos, or maps) with other information in print and digital texts.

Name: RH.9-10.1

Standard: History/Social Studies -- Grade 9-10

Area: History/Social Studies -- Grade 9-10

  • Cite specific textual evidence to support analysis of primary and secondary sources, attending to such features as the date and origin of the information.

Name: RH.9-10.3

Standard: History/Social Studies -- Grade 9-10

Area: History/Social Studies -- Grade 9-10

  • Analyze in detail a series of events described in a text; determine whether earlier events caused later ones or simply preceded them.

Name: RH.9-10.4

Standard: History/Social Studies -- Grade 9-10

Area: History/Social Studies -- Grade 9-10

  • Determine the meaning of words and phrases as they are used in a text, including vocabulary describing political, social, or economic aspects of history/social science.

Name: RH.9-10.7

Standard: History/Social Studies -- Grade 9-10

Area: History/Social Studies -- Grade 9-10

  • Integrate quantitative or technical analysis (e.g., charts, research data) with qualitative analysis in print or digital text.

Name: RH.9-10.9

Standard: History/Social Studies -- Grade 9-10

Area: History/Social Studies -- Grade 9-10

  • Compare and contrast treatments of the same topic in several primary and secondary sources.

Name: WHST.11-12.2

Standard: Writing Grade 11-12

Area: Writing Grade 11-12

  • Write informative/explanatory texts, including the narration of historical events, scientific procedures/ experiments, or technical processes.

Name: WHST.11-12.7

Standard: Writing Grade 11-12

Area: Writing Grade 11-12

  • Conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation.

Name: WHST.6-8.2

Standard: Writing Grade 6-8

Area: Writing Grade 6-8

  • Write informative/explanatory texts, including the narration of historical events, scientific procedures/ experiments, or technical processes.

Name: WHST.6-8.4

Standard: Writing Grade 6-8

Area: Writing Grade 6-8

  • Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience.

Name: WHST.6-8.7

Standard: Writing Grade 6-8

Area: Writing Grade 6-8

  • Conduct short research projects to answer a question (including a self-generated question), drawing on several sources and generating additional related, focused questions that allow for multiple avenues of exploration.

Name: WHST.9-10.2

Standard: Writing Grade 9-10

Area: Writing Grade 9-10

  • Write informative/explanatory texts, including the narration of historical events, scientific procedures/ experiments, or technical processes.

Name: WHST.9-10.7

Standard: Writing Grade 9-10

Area: Writing Grade 9-10

  • Conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation.