Common Planner
K–12 Standards

Economics: Grades 9-12

Other Washington Social Studies sets

Economicsecon

  • econ.

    Economicsecon

Understands that people have to make choices between wants and needs and evaluates the outcomes of those choices.

  •  

    By the end of 9/10th grade, students will:

    1. 1

      Analyze how the costs and benefits of economic choices have shaped events in the world in the past and present.E1.9-10.1

    2. 2

      Analyze how choices made by individuals, firms, or governments are constrained by the resources to which they have access.E1.9-10.2

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    By the end of 11th/12th grade, students will:

    1. 1

      Analyze how economic incentives influence choices that may result in policies with a range of costs and benefits for different groups in the United States.E1.11-12.1

    2. 2

      Assess the optimal level of a public service with the marginal costs and benefits of providing a service in the United States.E1.11-12.2

    3. 3

      Analyze how economic choices made by groups and individuals in the global economy can impose costs and provide benefits.E1.11-12.3

    4. 4

      Use marginal benefits and marginal costs to construct an argument for or against an approach or solution to an economic issue.E1.11-12.4

Understands how economic systems function.E2

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    By the end of 9/10th grade, students will:

    1. 1

      Explain how a variety of economies have shaped the production, distribution, and consumption of goods, services, and resources around the world in the past or present.E2.9-10.1

    2. 2

      Describe the effects of specialization, availability of resources, and technology on a variety of economies. E2.9-10.2

    3. 3

      Analyze how and why countries have specialized in the production of particular goods and services in the past or present.E2.9-10.3

    4. 4

      Analyze the relationship between the distribution of income and the allocation of resources in a variety of economiesE2.9-10.4

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    By the end of 11th/12th grade, students will:

    1. 1

      Analyze how comparative advantage has affected the United States’ imports and exports in the past or present.E2.11-12.1

    2. 2

      Describe how imports are paid for by exports, savings, or borrowing in the United States. E2.11-12.2

    3. 3

       Describe how market outcomes, surpluses, and shortages are determined by buyers’ incomes and preferences, sellers’ production and price, and government policies in the United States.E2.11-12.3

    4. 4

      Evaluate the advantages, disadvantages, and stability of different economic systems for countries and groups of people, both short and long term.E2.11-12.4

    5. 5

      Evaluate the effects of specialization, availability of resources, and technology on a variety of economies.E2.11-12.5

    6. 6

      Evaluate the level of competition based on the introduction of new products, production methods, entry into the market, and the consumers’ knowledge of goods or services in a variety of economies.E2-11-12.6

    7. 7

      Evaluate the relationship between the distribution of income and the allocation of resources in a variety of economies.E2.11-12.7

Understands the government’s role in the economy.E3

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    By the end of 9/10th grade, students will:

    1. 1

      Analyze the costs and benefits of government trade policies from around the world in the past and present.E3.9-10.1

    2. 2

      Explain the role of government in advancing technology and investing in capital goods and human capital to increase economic growth and standards of living.E3.9-10.2

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    By the end of 11th/12th grade, students will:

    1. 1

      Evaluate the role of the United States government in regulating a market economy in the past or present.E3.11-12.1

    2. 2

      Use data to explain the government’s influence on spending, production, and the money supply when economic conditions change.E3.11-12.2

    3. 3

      Describe how the United States government has established rules in which markets operate.E3.11-12.3

    4. 4

      Evaluate the selection of governmental fiscal and monetary policies by weighing the costs and benefits in a variety of economic conditions.E3.11-12.4

    5. 5

      Analyze the role of government in defining and enforcing property rights of a good or service.E3.11-12.5

Understands the economic issues and problems that all societies face.E4

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    By the end of 9th/10th grade, students will: 

    1. 1

      Evaluate how people across the world have addressed issues involved with the distribution of resources and sustainability.E4.9-10.1

    2. 2

      Analyze why specialization is used to help countries increase their overall economy, contribute to globalization, or solve economic challenges.E4.9-10.2

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    By the end of 11th/12th grade, students will:

    1. 1

      Evaluate how people in the United States have addressed issues involved with the distribution of resources and sustainability.E4.11-12.1

    2. 2

      Evaluate how the standard of living changes when incentives, entitlement programs, or entrepreneurship is increased.E4.11-12.2

    3. 3

      Evaluate how individuals and different groups affect and are affected by the distribution of resources and sustainability.E4.11-12.3

    4. 4

      Analyze the role of comparative advantage in international trade of goods and services.E4.11-12.4

    5. 5

      Explain how current globalization trends and policies affect economic growth, labor markets, rights of citizens, the environment, and resource and income distribution in different nations.E4.11-12.5

    6. 6

      Use economic indicators to analyze the current and future state of an economy.E4.11-12.6

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?
Social Studies Learning Standards

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