State Standard - Social Studies

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Grade 4 Grade 5 Grade 6
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. 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 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
1. Explain that people made choices because resources relative to economic wants to goods and services in the context of early world history
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
a. Identify opportunity cost of economic decisions made by individuals and groups such as the decision to engage in trade
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
2. Analyze how scarce economic resources were used to satisfy economic wants in early world history
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
a. Identify ways people have used resources to meet economic wants such as domesticating agriculture
  b. Describe how available resources affected specialization and trade
b. Describe how available resources affected specialization and trade
  c. Analyze how changing from a British colony to an independent nation affected economic resources, production, and economic wants
 
3. Explain how technological changes have affected production and consumption in Maryland
3. Analyze how technological changes affected production and consumption in Colonial America
3. Analyze how technological changes affected consumption and production in early world history
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
a. Give examples of how technology changed consumption and provided greater access to goods and services
b. Describe how entrepreneurship inspired technological changes and affected business productivity
b. Examine how technology has changed production such as wheat/grist mills
b. Examine why technology has changed production such as the development of the printing press
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
4. Examine how specialization, interdependence and trade affected the production of goods and services in early world history
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
a. Analyze examples of regional specialization that resulted from economic resources, such as silk production, bronze casting and terraced farming
b. Describe how specialization results in the interdependence of people
b. Explain specialization and interdependence using the triangular trade routes
b. Describe the effects of agricultural surplus and job specialization on the emergence of early towns and cities in various parts of the world
    c. Identify African and Eurasian trade routes to explain how surplus goods and regional specialization resulted in economic interdependence
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 the types of economic systems in Maryland
1. Describe the types of economic systems in colonial America
1. Describe the types of economic systems in early world societies
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
a. Describe how various early world societies answer the basic question of what, how, and for whom to produce
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
b. Describe examples of tradition in economies such as the economic roles of men and women in tribal societies
  c. Analyze a market economy and give examples of how the colonial economy exhibited these characteristics such as private ownership and consumer choice
c. Describe examples of command in economies, such as the feudal system
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
2. Describe the transition from feudalism and the manor system to the development of early towns
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
a. Explain how the growth and management of towns, guilds, and the banking system were affected by technology and agriculture
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
b. Analyze how the guild system addressed changes in the economy, such as dictating price and production
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. 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
3. Describe the importance of medium of exchange in early world history
a. Give examples of barter exchanges of goods and services in Maryland
a. Compare the benefits of a money economy to a barter economy
a. Explain how societies used mediums of exchange to facilitate trade and help their economies grow
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