Common Planner
K–12 Standards

Economics Grades 9-12

Other Idaho Social Studies sets

Fundamental Economic Concepts

  • 1

    Apply and explain the concepts of supply and demand, scarcity, opportunity costs, and incentives, as well as their implications for decision-making.9-12.EC.1

  • 2

    Identify ways in which the interaction of all buyers and sellers influences prices.9-12.EC.2

  • 3

    Identify how incentives determine what is produced and distributed in a competitive market system.9-12.EC.3

  • 4

    Describe the factors of production.9-12.EC.4

  • 5

    Analyze the various parts of the business cycle and its effect on the economy.9-12.EC.5

  • 6

    Compare and contrast the characteristics of different economic systems and economic philosophies.9-12.EC.6

Macroeconomics and International Trade

  • 7

    Analyze the impact of events such as wars, industrialization, and technological developments on the business cycle.9-12.EC.7

  • 8

    Explain monetary policy, fiscal policy, and the role of the Federal Reserve.9-12.EC.8

  • 9

    Examine the economic implications of fiscal policy in the United States including federal taxation, spending, and the national debt.9-12.EC.9

  • 10

    Analyze global economic interdependence and competition.9-12.EC.10

  • 11

    Apply economic concepts to explain the role of imports/exports both nationally and internationally.9-12.EC.11

  • 12

    Describe the elements of entrepreneurship and successful businesses including comparative advantage, specialization, and trade.9-12.EC.12

  • 13

    Identify the roles of financial markets and institutions on the economy.9-12.EC.13

Personal Finance

  • 14

    Demonstrate how to set financial goals and analyze the costs and benefits of spending decisions.9-12.EC.14

  • 15

    Demonstrate procedures for opening and managing checking and savings accounts, including writing checks, managing virtual accounts, and accessing statements.9-12.EC.15

  • 16

    Evaluate types of investments to determine how they meet the objectives of a personal financial plan including compound interest over time.9-12.EC.16

  • 17

    Research and analyze information on credit options available to consumers.9-12.EC.17

  • 18

    Demonstrate how to use comparison shopping skills to make purchasing decisions, including major purchases and college education.9-12.EC.18

  • 19

    Research and report on factors that affect creditworthiness and credit scores.9-12.EC.19

  • 20

    Describe how life, health, home, and auto insurance protects against loss and mitigates financial consequences.9-12.EC.20

  • 21

    Analyze the federal, state, and local tax systems and how they relate to each citizen and the citizen's income and the society.9-12.EC.21

  • 22

    Explain how sales and property taxes affect financial decisions in terms of both personal finances and public services provided to citizens.9-12.EC.22

  • 23

    Build a monthly budget for an individual or a family given their income, savings goals, taxes, and list of fixed and variable expenses.9-12.EC.23

  • 24

    Identify and evaluate modern consumer skills, tools, and practices.9-12.EC.24

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12
Where can I read the official document?
Idaho Content Standards K-12 Social Studies

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Keep exploring Social Studies standards

Sibling grade bands, other subjects in this jurisdiction, and the same subject across other states.