Economic Standards

AZ Concept PO Standard Grade Level Key Terms
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: d. competition 9, 10, 11, 12
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: e. role of the government 9, 10, 11, 12
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: f. rational self-interest 9, 10, 11, 12 rational self-interest
C1: Foundations PO 3 Describe the characteristics of the mixed-market economy of the United States: g. invisible hand 9, 10, 11, 12 invisible hand
C3: Macroeconomics PO 3 Describe the economic and non-economic consequences of unemployment. 9, 10, 11, 12
C5: Personal Finance PO 3 Determine short- and long-term financial goals and plans, including income, spending, saving, and investing. 9, 10, 11, 12 saving and investing
C3: Macroeconomics PO 4 Analyze fiscal policy and its effects on inflation, unemployment, and economic growth. 9, 10, 11, 12 inflation
C5: Personal Finance PO 4 Compare the advantages and disadvantages of using various forms of credit and the determinants of credit history. 9, 10, 11, 12
C1: Foundations PO 4 Evaluate the economic implications of current events from a variety of sources (e.g., magazine articles, newspaper articles, radio, television reports, editorials, Internet sites) 9, 10, 11, 12
C3: Macroeconomics PO 5 Describe the functions of the Federal Reserve System (e.g., banking regulation and supervision, financial services, monetary policy) and their influences on the economy. 9, 10, 11, 12
C5: Personal Finance PO 5 Explain the risk, return, and liquidity of short- and long-term saving and investment vehicles. 9, 10, 11, 12 saving and investing, liquidity
C1: Foundations PO 5 Interpret economic information using charts, tables, graphs, equations, and diagrams. 9, 10, 11, 12
C3: Macroeconomics PO 6 Explain the effects of monetary policy on unemployment, inflation, and economic growth. 9, 10, 11, 12 inflation
C5: Personal Finance PO 6 Identify investment options, (e.g., stocks, bonds, mutual funds) available to individuals and households. 9, 10, 11, 12
C3: Macroeconomics PO 7 Determine how investment in factories, machinery, new technology, and the health, education, and training of people can raise future standards of living. 9, 10, 11, 12

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