State Standards - Social Studies

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Grade PK Grade K
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 identify the economic principles and processes that are helpful to producers and consumers when making good decisions.
A. Scarcity and Economic Decision-making A. Scarcity and Economic Decision-making
1. Recognize that people have to make choices because of unlimited economic wants
1. Describe choices people make because of unlimited economic wants
a. Identify that goods are things that people make or grow
a. Explain that goods are things that people make or grow
b. Demonstrate the ability to make a choice
b. Identify situations where people make choices
2. Identify that materials/resources are used to make products
2. Identify that resources are used to make products
a. Recognize that workers do jobs in the home and school
a. Recognize workers as human resources
b. 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
b. Describe some jobs and what is required to perform them
  c. Recognize that natural resources, such as water, trees, and plants are used to make products
3. Explain how technology affects the way people live, work, and play
3. Explain how technology affects the way people live, work, and play
a. 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
a. Begin to be aware of technology and how it affects life
B. Economic Systems and the Role of Government in the Economy B. Economic Systems and the Role of Government in the Economy
1. Identify types of local markets
1. Identify types of local markets
a. Identify markets as places where buyers and sellers meet
a. Describe how buyers and sellers make exchanges at the market
3. Identify how goods are acquired
3. Describe how goods are acquired
a. Identify that coins and bills are money
a. Explain that money is one way to acquire goods
b. Identify that money is used to buy goods
b. Explain that trading is another way to acquire goods
  c. Recognize that goods have different values
 

 

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