Economic Standards

AZ Concept PO Standard Grade Level Key Terms
C1: Foundations PO 5 Describe the impact of the availability and distribution of natural resources on an economy. 8
C1: Foundations PO 5 Discuss reasons (e.g., labor, raw materials, energy resources) why some goods are made locally and some are made in other parts of the United States and world. 3
C1: Foundations PO 5 Explain how trade promoted economic growth throughout world regions. 6
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
C1: Foundations PO 5 Recognize various forms of U.S. currency. 1
C1: Foundations PO 5 Recognize various forms of U.S. currency. K appreciation of a currency
C2: Microeconomics PO 6 Analyze how investment in physical capital (e.g., factories, medical advancements, new technologies) leads to economic growth. 8
C5: Personal Finance PO 6 Analyze the costs and benefits of producing a personal budget. 8
C2: Microeconomics PO 6 Describe how the interaction between buyers and sellers determines market prices. 7
C1: Foundations PO 6 Discuss how producers use natural, human, and capital resources to create goods and services. 3 human capital
C2: Microeconomics PO 6 Discuss the function of banks in providing checking accounts, savings accounts, and loans. 5 saving and investing
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
C2: Microeconomics PO 6 Identify the role of financial institutions in providing services (e.g., savings accounts, loans). 4
C1: Foundations PO 6 Recognize that people save money for future goods and services. 1
C1: Foundations PO 6 Recognize that some goods are made in the local community and some are made in other parts of the world. 2
C1: Foundations PO 6 Recognize that people use money to purchase goods and services. K
C5: Personal Finance PO 7 Create a personal budget to include fixed and variable expenses. 8
C2: Microeconomics PO 7 Describe how competition (e.g., Microsoft/Apple, Wal-Mart/Target) affects supply and demand from the vantage point of the consumer and producer. 8
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
C1: Foundations PO 7 Discuss how people can be both producers and consumers of goods and services. 2
C2: Microeconomics PO 7 Explain how the (unequal) distribution of income affects public policy and standards of living. 7
C2: Microeconomics PO 7 Explain the function of government in providing certain goods and services through taxation. 5
C2: Microeconomics PO 8 Describe how market prices provide incentives to buyers and sellers. 8 incentives

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