Common Planner
K–12 Standards

Essential Elements: Economics (Econ): Grades K-12

Other Wisconsin Social Studies sets

Wisconsin students use economic reasoning to understand issues.SS.EE.Econ1

  • 1

    Target Level: Wisconsin students use economic reasoning to understand issues.

  • 2

    Precursor Level: Wisconsin students will identify how costs, benefits, and incentives affect decision-making.

  • 3

    Initial Level: Wisconsin students will differentiate between a want and a need and provide an example of an opportunity cost.  

Wisconsin students will understand how decisions are made and interactions occur among consumers (i.e., individuals and households) and producers (firms/businesses) (Microeconomics).SS.EE.Econ2

  • 1

    Target Level: Wisconsin students will understand how decisions are made and interactions occur among consumers (i.e., individuals and households) and producers (firms/businesses) (Microeconomics).

  • 2

    Precursor Level: Wisconsin students will differentiate between demand and supply and identify the factors of production.

  • 3

    Initial Level: Wisconsin students will identify the relationship between a consumer and producer and identify products that consumers would receive from a given producer.

Wisconsin students will identify how an economy functions as a whole (Macroeconomics).SS.EE.Econ3

  • 1

    Target Level: Wisconsin students will identify how an economy functions as a whole (Macroeconomics).

  • 2

    Precursor Level: Wisconsin students will identify how the economy can affect people.

  • 3

    Initial Level: Wisconsin students will recognize that prices change over time and explore the value of saving money as it relates to changes in the economy as a whole.

Wisconsin students will identify government decisions and their impact on individuals, businesses, markets, and resources (Role of Government).SS.EE.Econ4

  • 1

    Target Level: Wisconsin students will identify government decisions and their impact on individuals, businesses, markets, and resources (Role of Government).

  • 2

    Precursor Level: Wisconsin students will identify how economic policies and government decisions affect others.

  • 3

    Initial Level: Wisconsin students will identify how economic policies affect their individual or families’ lives.

Frequently asked questions

What grade levels do these standards cover?
Kindergarten, Grade 1, Grade 2, Grade 3, Grade 4, Grade 5, Grade 6, Grade 7, Grade 8, Grade 9, Grade 10, Grade 11, and Grade 12

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