BPS District Social Studies Standards Book
SST Domains
Economics K-12
Economics 
Students understand economic concepts and the characteristics of various economic systems.
SST-K_5.E Economics Domain
Exchange and Markets
- SST-00.E.01 | SST-01.E.01 | SST-02.E.01
Describe the characteristics of the American economic system. - SST-00.E.02 | SST-01.E.02 | SST-02.E.02
Compare and contrast producers and consumers of goods and services. - SST-00.E.03 | SST-01.E.03 | SST-02.E.03
Identify consumer decisions and the difference between needs and wants. - SST-00.E.04 | SST-01.E.04 | SST-02.E.04
Identify how community helpers impact others.
- SST-03.E.01 | SST-04.E.01 | SST-05.E.01
Utilize fundamental principles and concepts of economics to understand economic activity. - SST-03.E.02 | SST-04.E.02 | SST-05.E.02
Describe how goods and services are produced and distributed. - SST-03.E.03 | SST-04.E.03 | SST-05.E.03
Identify factors that influence saving and spending choices. - SST-03.E.04 | SST-04.E.04 | SST-05.E.04
Describe the necessity and impact of community services.
National Economy
- SST-00.E.05 | SST-01.E.05 | SST-02.E.05
Explain how people earn income and save money.
- SST-03.E.05 | SST-04.E.05 | SST-05.E.05
Describe & analyze how North Dakota’s location, culture, and natural resources influence its economic decisions and development. - SST-03.E.06 | SST-04.E.06 | SST-05.E.06
Compare and contrast the economic development of the geographical regions of the United States. - SST-03.E.07 | SST-04.E.07 | SST-05.E.07
Explain how natural resources affect the economies of the geographical regions of the United States. - SST-03.E.08 | SST-04.E.08 | SST-05.E.08
Describe how economics have changed over time.
SST-6_12.E Economics Domain
SST-MS.E.01 | SST-HS.E.01
Analyze the concept of scarcity when making economic decisions.
- SST-06.E.01.1 | SST-07.E.01.1 | SST-08.E.01.1
Analyze the basic concepts of economic thinking. - SST-06.E.01.2 | SST-07.E.01.2 | SST-08.E.01.2
Describe the difference between a command/centrally planned economy and market economy.
- SST-HS.E.01.1
Analyze the basic concepts of economic thinking. - SST-HS.E.01.2
Describe the difference between a command/centrally planned economy and market economy.
SST-MS.E.02 | SST-HS.E.02
Compare and contrast how varying economic systems impact a nation and its citizens.
- SST-06.E.02.1 | SST-07.E.02.1 | SST-08.E.02.1
Describe the difference between a command/centrally planned economy and market economy.
- SST-HS.E.02.1
Describe the difference between a command/centrally planned economy and market economy.
SST-MS.E.03 | SST-HS.E.03
Analyze how supply and demand impact the allocation of goods and services.
- SST-06.E.03.1 | SST-07.E.03.1 | SST-08.E.03.1
Explain the law of supply and demand. - SST-06.E.03.2 | SST-07.E.03.2 | SST-08.E.03.2
Compare and contrast perfect and imperfect competition. - SST-06.E.03.3 | SST-07.E.03.3 | SST-08.E.03.3
Analyze the impact of the supply and demand on prices.
- SST-HS.E.03.1
Explain the law of supply and demand. - SST-HS.E.03.2
Compare and contrast perfect and imperfect competition. - SST-HS.E.03.3
Analyze the impact of the supply and demand on prices.
SST-MS.E.04 | SST-HS.E.04 Analyze the various institutions that drive and support the market economy.
- SST-06.E.04.1 | SST-07.E.04.1 | SST-08.E.04.1
Explain the role of businesses and financial institutions in a market economy. - SST-06.E.04.2 | SST-07.E.04.2 | SST-08.E.04.2
Evaluate the role of government in a market economy. - SST-06.E.04.3 | SST-07.E.04.3 | SST-08.E.04.3
Explain the functions and role of money.
- SST-HS.E.04.1
Explain the role of businesses and financial institutions in a market economy. - SST-HS.E.04.2
Evaluate the role of government in a market economy. - SST-HS.E.04.3
Explain the functions and role of money.
SST-MS.E.05 | SST-HS.E.05
Evaluate the various macroeconomic measurements available to determine an economy’s size and strength.
- SST-06.E.05.1 | SST-07.E.05.1 | SST-08.E.05.1
Describe various measurements of macroeconomics.
- SST-HS.E.05.1
Describe various measurements of macroeconomics.
SST-MS.E.06 | SST-HS.E.06
Analyze how globalization has impacted various aspects of economies around the world.
- SST-06.E.06.1 | SST-07.E.06.1 | SST-08.E.06.1
Describe how trade generates economic development and interdependence. - SST-06.E.06.2 | SST-07.E.06.2 | SST-08.E.06.2
Analyze the benefits and costs for individuals, producers, and governments in international trade.
- SST-HS.E.06.1
Describe how trade generates economic development and interdependence. - SST-HS.E.06.2
Analyze the benefits and costs for individuals, producers, and governments in international trade.
SST-MS.E.07 | SST-HS.E.07
Evaluate the elements of responsible personal finance.
- SST-06.E.07.1 | SST-07.E.07.1 | SST-08.E.07.1
Evaluate career choices and the effect on the standard of living. - SST-06.E.07.2 | SST-07.E.07.2 | SST-08.E.07.2
Evaluate the effect of taxes and other factors on income. - SST-06.E.07.3 | SST-07.E.07.3 | SST-08.E.07.3
Develop short- and long-term financial goals. - SST-06.E.07.4 | SST-07.E.07.4 | SST-08.E.07.4
Analyze the cost and benefits of different types of credit and debt; and the rights and responsibilities of borrowers. - SST-06.E.07.5 | SST-07.E.07.5 | SST-08.E.07.5
Develop strategies to avoid and manage debt effectively.
- SST-HS.E.07.1
Evaluate career choices and the effect on the standard of living. - SST-HS.E.07.2
Evaluate the effect of taxes and other factors on income. - SST-HS.E.07.3
Develop short- and long-term financial goals. - SST-HS.E.07.4
Analyze the cost and benefits of different types of credit and debt; and the rights and responsibilities of borrowers. - SST-HS.E.07.5
Develop strategies to avoid and manage debt effectively.