Common Planner
K–12 Standards

Economics: Grades 4, 5

Other Delaware Social Studies sets

Students will analyze the potential costs and benefits of personal economic choices in a market economy.E.1

  • a.

    Students will understand that prices in a market economy are determined by the interaction of supply and demand.E.1.4-5.a

  • b.

    Students will understand that consumers and producers in a market economy make economic choices based on supply and demand.E.1.4-5.b

Students will examine the interaction of individuals, families, communities, businesses, and governments in a market economy.E.2

  • a.

    Students will understand the role of banks and other financial institutions in the economy.E.2.4-5.a

Students will understand different types of economic systems and how they change.E.3

  • a.

    Students will identify different means of production, distribution, and exchange used within economic systems in different times and places.E.3.4-5.a

Students will examine the patterns and results of international trade.E.4

  • a.

    Students will demonstrate how international trade links countries around the world and can improve the economic welfare of nations.E.4.4-5.a

Frequently asked questions

What grade levels do these standards cover?
Grade 4 and Grade 5
When were these standards adopted?
2018
Where can I read the official document?
Delaware Standards for Economics

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