Standards for The Hidden Costs of College

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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.

Name: Role of Prices

Standard: 8

  • Students will understand that: Prices send signals and provide incentives to buyers and sellers. When supply or demand changes, market prices adjust, affecting incentives.
  • Students will be able to use this knowledge to: Predict how changes in factors such as consumers' tastes or producers' technology affect prices.

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.

State Standards

Common Core State Standards

Name: HSA-APR.A

Standard: High School: Algebra

Area: High School: Algebra

  • Perform arithmetic operations on polynomials.

Name: WHST.11-12.9

Standard: Writing Grade 11-12

Area: Writing Grade 11-12

  • Draw evidence from informational texts to support analysis, reflection, and research.

Name: WHST.9-10.9

Standard: Writing Grade 9-10

Area: Writing Grade 9-10

  • Draw evidence from informational texts to support analysis, reflection, and research.