Standard 3: Economic Concepts Students understand economic concepts and the characteristics of various economic systems.

 Narrative for the Economic Concepts

At the first grade level, students develop thinking and decision-making skills through active participation as members of their school and neighborhood.  First grade students have the opportunities to discuss ways in which people are alike and different and how people around the world work and use resources to meet their needs. 

In the Economics standards students explain how people in the school and community use goods and services and make choices as both producers and consumers.

Calculation Method for Standards

Standards are larger groups of related benchmarks. The Standard Grade is a calculation of all the related benchmarks. Click on the benchmark name below each Standard to access the learning targets and proficiency rubrics for each standard's related benchmarks.