BPS District Social Studies Standards Book

SST Domains

K-12 Economics

SST Economics DomainEconomics K-5 image 6-12 image

Students understand economic concepts and the characteristics of various economic systems.

SST-K_5.E Economics Domain

Exchange and Markets
BPS-S SST-K-2 logo
Grade Band 3-5 logo
National Economy
BPS-S SST-K-2 logo
Grade Band 3-5 logo

SST-6_12.E Economics Domain

SST-MS.E.01 | SST-HS.E.01
Analyze the concept of scarcity when making economic decisions.
BPS-S SST-6-8 logo
Grade Band 9-12 logo
  • 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.
BPS-S SST-6-8 logo
Grade Band 9-12 logo
  • 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.
BPS-S SST-6-8 logo
Grade Band 9-12 logo
SST-MS.E.04 | SST-HS.E.04
Analyze the various institutions that drive and support the market economy.
BPS-S SST-6-8 logo
Grade Band 9-12 logo
  • 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.
BPS-S SST-6-8 logo
Grade Band 9-12 logo
SST-MS.E.06 | SST-HS.E.06
Analyze how globalization has impacted various aspects of economies around the world.
BPS-S SST-6-8 logo
Grade Band 9-12 logo
  • 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.
BPS-S SST-6-8 logo
Grade Band 9-12 logo
  • 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.