|
| WI Standard Number | Wisconsin Standard | Topic
Link to Related National Content Standard |
|---|---|---|
| D.4.1 | Describe and explain the role of money, banking, and savings in everyday life |
National Content Standard 11 |
| D.4.2 | Identify situations requiring an allocation of limited economic resources and appraise the opportunity cost (for example, spending one's allowance on a movie will mean less money saved for a new video game) |
National Content Standard 1 |
| D.4.3 | Identify local goods and services that are part of the global economy and explain their use in Wisconsin |
National Content Standard 5 & 6 |
| D.4.4 | Give examples to explain how businesses and industry depend upon workers with specialized skills to make production more efficient |
National Content Standard 15 |
| D.4.5 | Distinguish between private goods and services (for example, the family car or a local restaurant) and public goods and services (for example, the interstate highway system or the United States Postal Service) |
National Content Standard 16 & 17 |
| D.4.6 | Identify the economic roles of various institutions, including households, businesses, and government |
National Content Standard 10 |
| D.4.7 | Describe how personal economic decisions, such as deciding what to buy, what to recycle, or how much to contribute to people in need, can affect the lives of people in Wisconsin, the United States, and the world |
|
Grade Eight
| WI Standard Number | Wisconsin Standard | Topic
National Content Standard |
|---|---|---|
| D.8.1 | Describe and explain how money makes it easier to trade, borrow, save, invest, and compare the value of goods and services |
National Content Standard 11 |
| D.8.2 | Identify and explain basic economic concepts: market economy and command economy, supply, demand, production, exchange, and consumption; labor, wages, and capital; inflation and deflation; public and private goods and services |
National Content Standard 3 Market Supply & Demand National Content Standard 7 |
| D.8.3 | Describe Wisconsin's role in national and global economies and give examples of local economic activity in national and global markets |
|
| D.8.4 | Describe how investments in human and physical capital, including new technology, affect standard of living and quality of life |
National Content Standard 15 |
| D.8.5 | Give examples to show how government provides for national defense; health, safety, and environmental protection; defense of property rights; and the maintenance of free and fair market activity |
National Content Standard 10 |
| D.8.6 | Identify and explain various points of view concerning economic issues, such as taxation, unemployment, inflation, the national debt, and distribution of income |
National Content Standard 19 |
| D.8.7 | Identify the location of concentrations of selected natural resources and describe how their acquisition and distribution generates trade and shapes economic patterns |
National Content Standard 5 |
| D.8.8 | Explain how and why people who start new businesses take risks to provide goods and services, considering profits as an incentive |
National Content Standard 14 |
| D.8.9 | Explain why the earning power of workers depends on their productivity and the market value of what they produce |
National Content Standard 13 |
| D.8.10 | Identify the economic roles of institutions such as corporations and businesses, banks, labor unions, and the Federal Reserve System |
National Content Standard 10 |
| D.8.11 | Describe how personal decisions can have a global impact on issues such as trade agreements, recycling, and conserving the environment |
National Content Standards 2 & 4 |
Grade Twelve
| WI Standard Number | Wisconsin Standard | Topic
National Content Standard |
|---|---|---|
| D.12.1 | Explain how decisions about spending and production made by households, businesses, and governments determine the nation's levels of income, employment, and prices |
National Content Standard 18 |
| D.12.2 | Use basic economic concepts (such as supply and demand; production, distribution, and consumption; labor, wages, and capital; inflation and deflation; market economy and command economy) to compare and contrast local, regional, and national economies across time and at the present time |
National Content Standard 7 National Content Standard 19 |
| D.12.3 | Analyze and evaluate the role of Wisconsin and the United States in the world economy |
|
| D.12.4 | Explain and evaluate the effects of new technology, global economic interdependence, and competition on the development of national policies and on the lives of individuals and families in the United States and the world |
National Content Standard 9
|
| D.12.5 | Explain how federal budgetary policy and the Federal Reserve System's monetary policies influence overall levels of employment, interest rates, production, and prices |
National Content Standard 20 |
| D.12.6 | Use economic concepts to analyze historical and contemporary questions about economic development in the United States and the world |
National Content Standard 18 |
| D.12.7 | Compare, contrast, and evaluate different types of economies (traditional, command, market, and mixed) and analyze how they have been affected in the past by specific social and political systems and important historical events |
National Content Standard 3 |
| D.12.8 | Explain the basic characteristics of international trade, including absolute and comparative advantage, barriers to trade, exchange rates, and balance of trade |
|
| D.12.9 | Explain the operations of common financial instruments (such as stocks and bonds) and financial institutions (such as credit companies, banks, and insurance companies) |
National Content Standard 10 |
| D.12.10 | Analyze the role that supply and demand, competition, prices, incentives, and profits play in determining what is produced and distributed in a competitive market system |
National Content Standard 9 National Content Standard 7 |
| D.12.11 | Explain how interest rates are determined by market forces that influence the amount of borrowing and saving done by investors, consumers, and government officials |
National Content Standard 12 |
| D.12.12 | Compare and contrast how values and beliefs, such as economic freedom, economic efficiency, equity, full employment, price stability, security, and growth, influence decisions in different economic situations |
National Content Standard 3 National Content Standard 1 |
| D.12.13 | Describe and explain global economic interdependence and competition, using examples to illustrate their influence on national and international policies |
National Content Standard 9 |
| D.12.14 | Analyze the economic roles of institutions, such as corporations and businesses, banks, labor unions, and the Federal Reserve System |
National Content Standard 10 |
|
Developed by |