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Economics

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SST-08.E

BPSS-SST-logo

 6-8 Social Studies

 Economics Domain

BPS-s SST Economics logo

Standards

  • SST-08.E.01 Analyze the concept of scarcity when making economic decisions.
  • SST-08.E.02 Compare and contrast how varying economic systems impact a nation and its citizens.
  • SST-08.E.03 Analyze how supply and demand impact the allocation of goods and services.
  • SST-08.E.04 Analyze the various institutions that drive and support the market economy.
  • SST-08.E.05 Evaluate the various macroeconomic measurements available to determine an economy’s size and strength.
  • SST-08.E.06 Analyze how globalization has impacted various aspects of economies around the world.
  • SST-08.E.07 Evaluate the elements of responsible personal finance.

Description

At the middle school level, basic economic principles are best integrated within United States history, world history, and geography. The knowledge of names and definitions is essential for acquiring knowledge; however, high-quality teaching and learning demands more than merely mastering facts and terms. Therefore, in teaching these standards, it is encouraged to use an active economic inquiry approach. Activities and assessments that require students to think, analyze, synthesize, evaluate, compare, contrast, and argue using economic habits of mind should be emphasized..

Calculation Method for Domains

Domains are larger groups of related Standards with benchmarks. So the Domain is a calculation of all the related standards that calculate to the benchmarks. So click on the benchmark identifier below each Standards to access the learning targets and proficiency scales for each standard.

SST-08.E.01

BPS-s SST Economics logo
8th Grade (SST) Social Studies
Economics Standard

SST-08.E.01 Analyze the concept of scarcity when making economic decisions.

Benchmarks

  • SST-08.E.01.1 Analyze the basic concepts of economic thinking.
  • SST-08.E.01.2 Describe the difference between a command/centrally planned economy and market economy.

Guiding Practice

The guiding topics for each benchmark includes various subject matter that can be used to help students reach the standard.

Calculation Method for Standards

Standards are larger groups of related benchmarks. So the Standard is a calculation of all the related benchmarks. So click on the benchmark identifier below each Standards to access the learning targets and proficiency scales for each standard.

SST-08.E.01.1

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.01 Analyze the concept of scarcity when making economic decisions.

SST-08.E.01.1 Analyze the basic concepts of economic thinking.

Guiding Topics: Needs and wants, supply and demand, opportunity cost and tradeoffs, scarcity and choice, cost-benefit analysis, production possibilities, interpret visual representations of data (e.g., bar graphs, line graphs, pie charts)

Student Learning Targets:

Knowledge Targets

  • I can

Reasoning Targets

  • I can

Skills (Performance) Targets

  • I can

Product Targets

  • I can

Proficiency Scale

The Student can ...
1 Beginning
... with help, demonstrate a partial understanding of some of the simpler details and processes (Score 2.0 content) and some of the more complex ideas and processes (Score 3.0 content).
  • descriptors
2 Developing
... demonstrate no major errors or omissions regarding the simpler details and processes but exhibits major errors or omissions regarding the more complex ideas and processes (Score 3.0 content).
  • descriptors
3 Proficient
“The Standard.”
... demonstrate no major errors or omissions regarding any of the information and processes that were end of instruction expectations.
  • descriptors
4 Advanced
... demonstrate in-depth inferences and applications regarding more complex material that go beyond end of instruction expectations.
  • descriptors

Resources

Vocabulary

  • words
  • list

Websites

  • Title of website with a URL to open in a new window

SST-08.E.01.2

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.01 Analyze the concept of scarcity when making economic decisions.

SST-08.E.01.2 Explain the factors of production.

Guiding Topics: Land, labor, capital, entrepreneurship

Student Learning Targets:

Knowledge Targets

  • I can

Reasoning Targets

  • I can

Skills (Performance) Targets

  • I can

Product Targets

  • I can

Proficiency Scale

The Student can ...
1 Beginning
... with help, demonstrate a partial understanding of some of the simpler details and processes (Score 2.0 content) and some of the more complex ideas and processes (Score 3.0 content).
  • descriptors
2 Developing
... demonstrate no major errors or omissions regarding the simpler details and processes but exhibits major errors or omissions regarding the more complex ideas and processes (Score 3.0 content).
  • descriptors
3 Proficient
“The Standard.”
... demonstrate no major errors or omissions regarding any of the information and processes that were end of instruction expectations.
  • descriptors
4 Advanced
... demonstrate in-depth inferences and applications regarding more complex material that go beyond end of instruction expectations.
  • descriptors

Resources

Vocabulary

  • words
  • list

Websites

  • Title of website with a URL to open in a new window

SST-08.E.02

BPS-s SST Economics logo
8th Grade (SST) Social Studies
Economics Standard

SST-08.E.02 Compare and contrast how varying economic systems impact a nation and its citizens.

Benchmarks

  • SST-08.E.01.1 Describe the difference between a command/centrally planned economy and market economy.

Guiding Practice

The guiding topics for each benchmark includes various subject matter that can be used to help students reach the standard.

Calculation Method for Standards

Standards are larger groups of related benchmarks. So the Standard is a calculation of all the related benchmarks. So click on the benchmark identifier below each Standards to access the learning targets and proficiency scales for each standard.

SST-08.E.02.1

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.02 Compare and contrast how varying economic systems impact a nation and its citizens.

SST-08.E.02.1 Describe the difference between a command/centrally planned economy and market economy.

Guiding Topics: Communism, socialism, capitalism, free market economy, free enterprise system, mixed economy

Student Learning Targets:

Knowledge Targets

  • I can

Reasoning Targets

  • I can

Skills (Performance) Targets

  • I can

Product Targets

  • I can

Proficiency Scale

The Student can ...
1 Beginning
... with help, demonstrate a partial understanding of some of the simpler details and processes (Score 2.0 content) and some of the more complex ideas and processes (Score 3.0 content).
  • descriptors
2 Developing
... demonstrate no major errors or omissions regarding the simpler details and processes but exhibits major errors or omissions regarding the more complex ideas and processes (Score 3.0 content).
  • descriptors
3 Proficient
“The Standard.”
... demonstrate no major errors or omissions regarding any of the information and processes that were end of instruction expectations.
  • descriptors
4 Advanced
... demonstrate in-depth inferences and applications regarding more complex material that go beyond end of instruction expectations.
  • descriptors

Resources

Vocabulary

  • words
  • list

Websites

  • Title of website with a URL to open in a new window

SST-08.E.03

BPS-s SST Economics logo
8th Grade (SST) Social Studies
Economics Standard

SST-08.E.03 Analyze how supply and demand impact the allocation of goods and services.

Benchmarks

  • SST-08.E.03.1 Explain the law of supply and demand.
  • SST-08.E.03.2 Compare and contrast perfect and imperfect competition.
  • SST-08.E.03.3 Analyze the impact of the supply and demand on prices.

Guiding Practice

The guiding topics for each benchmark includes various subject matter that can be used to help students reach the standard.

Calculation Method for Standards

Standards are larger groups of related benchmarks. So the Standard is a calculation of all the related benchmarks. So click on the benchmark identifier below each Standards to access the learning targets and proficiency scales for each standard.

SST-08.E.03.1

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.03 Analyze how supply and demand impact the allocation of goods and services.

SST-08.E.03.1 Explain the law of supply and demand.

Guiding Topics: Supply and demand, schedules and curves, equilibrium, elasticity

Student Learning Targets:

Knowledge Targets

  • I can

Reasoning Targets

  • I can

Skills (Performance) Targets

  • I can

Product Targets

  • I can

Proficiency Scale

The Student can ...
1 Beginning
... with help, demonstrate a partial understanding of some of the simpler details and processes (Score 2.0 content) and some of the more complex ideas and processes (Score 3.0 content).
  • descriptors
2 Developing
... demonstrate no major errors or omissions regarding the simpler details and processes but exhibits major errors or omissions regarding the more complex ideas and processes (Score 3.0 content).
  • descriptors
3 Proficient
“The Standard.”
... demonstrate no major errors or omissions regarding any of the information and processes that were end of instruction expectations.
  • descriptors
4 Advanced
... demonstrate in-depth inferences and applications regarding more complex material that go beyond end of instruction expectations.
  • descriptors

Resources

Vocabulary

  • words
  • list

Websites

  • Title of website with a URL to open in a new window

SST-08.E.03.2

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.03 Analyze how supply and demand impact the allocation of goods and services.

SST-08.E.03.2 Compare and contrast perfect and imperfect competition.

Guiding Topics: Monopolistic competition, monopolies, oligopolies, trusts, cartel

Student Learning Targets:

Knowledge Targets

  • I can

Reasoning Targets

  • I can

Skills (Performance) Targets

  • I can

Product Targets

  • I can

Proficiency Scale

The Student can ...
1 Beginning
... with help, demonstrate a partial understanding of some of the simpler details and processes (Score 2.0 content) and some of the more complex ideas and processes (Score 3.0 content).
  • descriptors
2 Developing
... demonstrate no major errors or omissions regarding the simpler details and processes but exhibits major errors or omissions regarding the more complex ideas and processes (Score 3.0 content).
  • descriptors
3 Proficient
“The Standard.”
... demonstrate no major errors or omissions regarding any of the information and processes that were end of instruction expectations.
  • descriptors
4 Advanced
... demonstrate in-depth inferences and applications regarding more complex material that go beyond end of instruction expectations.
  • descriptors

Resources

Vocabulary

  • words
  • list

Websites

  • Title of website with a URL to open in a new window

SST-08.E.03.3

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.03 Analyze how supply and demand impact the allocation of goods and services.

SST-08.E.03.3 Analyze the impact of the supply and demand on prices.

Guiding Topics: Equilibrium price shortages, surplus

Student Learning Targets:

Knowledge Targets

  • I can

Reasoning Targets

  • I can

Skills (Performance) Targets

  • I can

Product Targets

  • I can

Proficiency Scale

The Student can ...
1 Beginning
... with help, demonstrate a partial understanding of some of the simpler details and processes (Score 2.0 content) and some of the more complex ideas and processes (Score 3.0 content).
  • descriptors
2 Developing
... demonstrate no major errors or omissions regarding the simpler details and processes but exhibits major errors or omissions regarding the more complex ideas and processes (Score 3.0 content).
  • descriptors
3 Proficient
“The Standard.”
... demonstrate no major errors or omissions regarding any of the information and processes that were end of instruction expectations.
  • descriptors
4 Advanced
... demonstrate in-depth inferences and applications regarding more complex material that go beyond end of instruction expectations.
  • descriptors

Resources

Vocabulary

  • words
  • list

Websites

  • Title of website with a URL to open in a new window

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