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 Beatrice’s Goat

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National Standards in Economics

Name: Income

Standard: 13

  • Students will understand that: Income for most people is determined by the market value of the productive resources they sell. What workers earn primarily depends on the market value of what they produce.
  • Students will be able to use this knowledge to: Predict future earnings based on their current plans for education, training, and career options.

Name: Institutions

Standard: 10

  • Students will understand that: Institutions evolve and are created to help individuals and groups accomplish their goals. Banks, labor unions, markets, corporations, legal systems, and not-for-profit organizations are examples of important institutions. A different kind of institution, clearly defined and enforced property rights, is essential to a market economy.
  • Students will be able to use this knowledge to: Describe the roles of various economic institutions and explain the importance of property rights in a market economy.

Name: Scarcity

Standard: 1

  • Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
  • Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.

State Standards

Common Core State Standards

Name: 1.NBT.C

Standard: Mathematics - Grade 1

Area: Mathematics - Grade 1

  • Use place value understanding and properties of operations to add and subtract.

Name: 2.OA.A

Standard: Mathematics - Grade 2

Area: Mathematics - Grade 2

  • Represent and solve problems involving addition and subtraction.

Name: 2.OA.B

Standard: Mathematics - Grade 2

Area: Mathematics - Grade 2

  • Add and subtract within 20.

Name: 3.NBT.A

Standard: Mathematics - Grade 3

Area: Mathematics - Grade 3

  • Use place value understanding and properties of operations to perform multi-digit arithmetic.

Name: CCRA.R.1

Standard: College and Career Readiness Anchor Standards for Reading

Area: College and Career Readiness Anchor Standards for Reading

  • Read closely to determine what the text says explicitly and to make logical inferences from it; cite specific textual evidence when writing or speaking to support conclusions drawn from the text.

Name: CCRA.R.2

Standard: College and Career Readiness Anchor Standards for Reading

Area: College and Career Readiness Anchor Standards for Reading

  • Determine central ideas or themes of a text and analyze their development; summarize the key supporting details and ideas.

Name: CCRA.R.3

Standard: College and Career Readiness Anchor Standards for Reading

Area: College and Career Readiness Anchor Standards for Reading

  • Analyze how and why individuals, events, or ideas develop and interact over the course of a text.

Name: CCRA.SL.1

Standard: College and Career Readiness Anchor Standards for Speaking and Listening

Area: College and Career Readiness Anchor Standards for Speaking and Listening

  • Prepare for and participate effectively in a range of conversations and collaborations with diverse partners, building on others’ ideas and expressing their own clearly and persuasively.

Name: CCRA.SL.2

Standard: College and Career Readiness Anchor Standards for Speaking and Listening

Area: College and Career Readiness Anchor Standards for Speaking and Listening

  • Integrate and evaluate information presented in diverse media and formats, including visually, quantitatively, and orally.