State Standard - Social Studies

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Grade 5 Grade 6 Grade 7
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 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
1. Analyze the decisions that people made because resources were limited relative to economic wants for goods and services in contemporary world regions
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
a. Identify the opportunity cost of economic decisions made by individuals, businesses, and governments such as decisions about investing in education
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
2. Analyze how scarcity of economic resources affects economic choices in contemporary world regions
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
a. Describe how goals of countries affect the use of resources in the pursuit of economic growth, and sustainable development
b. Describe how available resources affected specialization and trade
b. Describe how available resources affected specialization and trade
b. Identify tradeoffs made in economic decisions by producers and consumers
c. Analyze how changing from a British colony to an independent nation affected economic resources, production, and economic wants
  c. Explain how available resources affect specialization and trade
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
3. Analyze how technological changes have affected the consumption and production in the contemporary world
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
a. Give examples of how technology has changed consumption of goods and services, such as the development of computers
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
b. Examine why technology has changed job skills and the influenced productivity
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
4. Compare the levels of specialization and economic development in different parts of the contemporary world
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
a. Analyze examples of specialization that result from economic resources
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
b. Describe the standard of living and the quality of life in a world region using data, such as Gross National Product (GNP), Gross Domestic Product (GDP), per capita income and the Human Development Index (HDI)
  c. Identify African and Eurasian trade routes to explain how surplus goods and regional specialization resulted in economic interdependence
c. Identify factors that have influenced economic development in various regions, such as individuals, corporations, natural resources, technology, military power, population growth, international organizations, infrastructure and public health issues
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 colonial America
1. Describe the types of economic systems in early world societies
1. Evaluate the types of economic systems in countries throughout the contemporary world
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
a. Examine how different economic systems, traditional, command, market, and mixed answer the basic economic question of what, how, and for whom to produce
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
b. Describe examples of decisions in (traditional economies, such as the economic roles of men and women
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
c. Describe examples of command modern economies, such as government ownership of land and other resources
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
2. Analyze the role of government in the economies of contemporary societies
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
a. Explore how government spending and taxation influence an economy's ability to grow and provide jobs and services
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
b. Evaluate the trade-offs of government regulations
    c. Analyze the ways that governments can help or impede economic activity, such as providing a stable monetary system, protecting property rights, maintaining infrastructure and providing public goods and services
    d. Examine the impact of regulatory agencies in different countries, such as consumer behavior, air traffic management, and environmental protection
3. Describe the role of money and barter in the colonial trade
3. Describe the importance of medium of exchange in early world history
3. Describe the money and banking systems in various countries in the contemporary world
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
a. Explain why a stable money and banking system is necessary for an economy to grow and prosper
 

 

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