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Standard 4.0 Economics
Students will identify the economic principles and processes that are helpful to producers and consumers when making good decisions.
Topic
A. Scarcity and Economic Decision-making
Indicator
- 1. Recognize that people have to make choices because of unlimited economic wants
Objectives
- Identify that goods are things that people make or grow
- Demonstrate the ability to make a choice
Indicator
- 2. Identify that materials/resources are used to make products
Objectives
- Recognize that workers do jobs in the home and school
- Participate in steps that are followed in making a product, such as a drawing, a block building, and a card for a friend or relative
Indicator
- 3. Explain how technology affects the way people live, work, and play
Objective
- Begin to be aware of technology and how it affects daily life, such as different ways to fasten shoes and different appliances to cook food
Topic
B. Economic Systems and the Role of Government in the Economy
Indicator
- 1. Identify types of local markets
Objective
- Identify markets as places where buyers and sellers meet
Indicator
- 3. Identify how goods are acquired
Objectives
- Identify that coins and bills are money
- Identify that money is used to buy goods
Date: 6/20/2006
