State Standards - Social Studies

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Grade 3 Grade 4 Grade 5
Standard 4.0 Economics: Students will identify the economic principles and processes that are helpful to producers and consumers when making good decisions. Standard 4.0 Economics: Students will develop economic reasoning to understand the historical development and current status of economic principles, institutions, and processes needed to be effective citizens, consumers, and workers participating in local communities, the nation, and the world. Standard 4.0 Economics: Students will develop economic reasoning to understand the historical development and current status of economic principles, institutions, and processes needed to be effective citizens, consumers, and workers participating in local communities, the nation, and the world.
A. Scarcity and Economic Decision-making A. Scarcity and Economic Decision-making A. Scarcity and Economic Decision-making
1. Explain that people must make choices because resources are limited relative to unlimited wants for goods and services
1. Explain that people must make choices because resources are limited relative to economic wants for goods and services in Maryland, past and present
1. Explain that people made choices because resources were limited relative to economic wants for goods and services in Colonial America
a. Explain why people must make economic choices
a. Identify opportunity cost of economic decisions made by individuals, businesses, and governments
a. Identify the opportunity cost of economic decisions, such as whether or not to buy products on which British taxes were imposed
b. Identify and apply the steps in the decision-making process
   
c. Identify the opportunity cost of a choice or decision
   
2. Examine the production process
2. Explain how limited economic resources are used to produce goods and services to satisfy economic wants in Maryland
2. Analyze how limited economic resources were used to satisfy economic wants in Colonial America
a. Explain how producers make choices because of limited natural, human, and capital resources
a. Describe how scarcity and the availability of economic resources determine what is produced and the effects on consumers
a. Describe how limited resources and unlimited economic wants caused colonists to choose certain goods and services
b. Give examples of when limited resources affect the decisions producers make
  b. Describe how available resources affected specialization and trade
c. Describe steps in the production process to produce a product
  c. Analyze how changing from a British colony to an independent nation affected economic resources, production, and economic wants
d. Explain how specialized work results in increased production
   
3. Examine how technology affects the way people live, work, and play
3. Explain how technological changes have affected production and consumption in Maryland
3. Analyze how technological changes affected production and consumption in Colonial America
a. Describe how changes in technology have affected the lives of consumers, such as UPC bar codes, and online shopping
a. Describe how changes in technology, such as refrigeration, impacted the lives of consumers
a. Explain how the development of new products and new technologies affected the way people lived
b. Describe how changes in technology have affected lives of producers, such as robot-powered assembly lines
b. Describe how entrepreneurship inspired technological changes and affected business productivity
b. Examine how technology has changed production such as wheat/grist mills
4. Describe regional economic specialization in Maryland and the ways people live and work
4. Analyze the consequences of specialized work on interdependence, trade, and economic growth
  a. Explain how available resources determine which careers are more common in one region such as waterman on the Eastern Shore
a. Analyze examples of regional specialization and how it contributed to economic growth through the colonies
  b. Describe how specialization results in the interdependence of people
b. Explain specialization and interdependence using the triangular trade routes
B. Economic Systems and the Role of Government in the Economy B. Economic Systems and the Role of Government in the Economy B. Economic Systems and the Role of Government in the Economy
1. Describe different types of markets
1. Describe the types of economic systems in Maryland
1. Describe the types of economic systems in colonial America
a. Identify markets that are not face-to-face meetings, such as Internet shopping or catalog shopping
a. Provide examples of tradition in the Maryland economy, such as businesses and skills that are handed down through families
a. Identify examples of tradition, such as the economic roles of men and women
b. Describe how countries around the world trade in the global market
b. Give examples of the kinds of goods and services produced in Maryland during different historical periods
b. Describe examples of command decisions, such as the imposition of the Stamp Act and the Tea Act
    c. Analyze a market economy and give examples of how the colonial economy exhibited these characteristics such as private ownership and consumer choice
2. Identify goods and services provided by the government and paid for by taxes
2. Describe the role of government in regulating economic activity and providing goods and services
2. Describe the role of British government on the colonial economy
a. Classify goods and services according to who produces them, such as the government, business, or both
a. Give examples of how governments' decision making affect economic growth and the ability to provide jobs and provide services
a. Explain how colonists were forced to change their purchasing habits based on the scarcity of goods imposed by taxes
  b. Explain how local and state governments in Maryland provide goods and services and are paid for by taxes
b. Evaluate the trade-offs of British protectionism
  c. Give examples of government's rules and laws that affect how people in businesses work such as requiring licenses to drive and regulating resources
 
3. Describe how consumers acquire goods and services
3. Examine the progression from a barter system to a money economy in Colonial America
3. Describe the role of money and barter in the colonial trade
a. Develop a budget indicating income and expenses
a. Give examples of barter exchanges of goods and services in Maryland
a. Compare the benefits of a money economy to a barter economy
b. Develop a plan that shows how money is obtained, such as selling things, getting a gift, and getting allowance
b. Give examples of contemporary money exchanges
 
 

 

MSDE has developed a toolkit for these standards which can be found online at: http://mdk12.org/instruction/curriculum/social_studies/vsc_toolkit.html.

 

Date: 1/27/2015