Teachers, you can now register your students for TWO NATIONAL COMPETITIONS this spring—our National Personal Finance Challenge (financial stability/mobility) and our National Economics Challenge (micro/macroeconomics).

Standards for Deriving Marginalism

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National Standards in Economics

Name: Decision Making

Standard: 2

  • Students will understand that: Effective decision making requires comparing the additional costs of alternatives with the additional benefits. Many choices involve doing a little more or a little less of something: few choices "are all or nothing" decisions.
  • Students will be able to use this knowledge to: Make effective decisions as consumers, producers, savers, investors, and citizens.

State Standards

Common Core State Standards

Name: HSF-BF.A

Standard: High School: Functions

Area: High School: Functions

  • Build a function that models a relationship between two quantities.

Name: HSF-IF.B

Standard: High School: Functions

Area: High School: Functions

  • Interpret functions that arise in applications in terms of the context.