Common Planner
K–12 Standards

Economics: Grades 6, 7, 8

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 analyze how changes in supply and demand interact in competitive markets to determine or change the price of goods and services.E.1.6-8.a

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

  • a.

    Students will analyze the role of money and banking in the economy, and the ways in which government taxes and spending affect the functioning of market economies.E.2.6-8.a

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

  • a.

    Students will demonstrate the ways in which the means of production, distribution, and exchange in different economic systems have a relationship to cultural values, resources, and technologies.E.3.6-8.a

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

  • a.

    Students will examine how nations with different economic systems specialize and become interdependent through trade and how government policies allow either free or restricted trade.E.4.6-8.a

Frequently asked questions

What grade levels do these standards cover?
Grade 6, Grade 7, and Grade 8
When were these standards adopted?
2018
Where can I read the official document?
Delaware Standards for Economics

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