ERIC Number: ED417093
Record Type: RIE
Publication Date: 1990
Economics America: Content Statements for State Standards in Economics, K-12.
National Council on Economic Education, New York, NY.
This updated list of content standards covering economics is suggested for states developing their own economics standards. The list outlines the core requirements for basic literacy in economics for grades K-12. The statements are similar to designated content standards from other core subject areas. Key economic concepts describing their basic relationships to the economy are: (1) scarcity and choice; (2) opportunity cost and trade-offs; (3) productivity; (4) economic systems; (5) economic institutions and incentives; (6) exchange, money and interdependence; (7) markets and prices; (8) supply and demand; (9) competition and market structure; (10) income distribution; (11) market failures; (12) the role of government; (13) gross domestic product; (14) aggregate supply and aggregate demand; (15) unemployment; (16) inflation and deflation; (17) monetary policy; (18) fiscal policy; (19) absolute and comparative advantage and barriers to trade; (20) exchange rates and balance of payments; and (21) international aspects of growth and stability. (EH)
Descriptors: Academic Standards, Economics, Economics Education, Elementary Secondary Education, Global Education, Macroeconomics, Microeconomics, Social Studies, State Standards
National Council on Economic Education, 1140 Avenue of the Americas, New York, NY 10036, phone: 212-730-7007.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Practitioners; Teachers
Authoring Institution: National Council on Economic Education, New York, NY.
Note: For related documents, see SO 028 567 and ED 416 165.