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ECONOMICS

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

SST-08.E.04

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

SST-08.E.04 Analyze the various institutions that drive and support the market economy.

Benchmarks

  • SST-08.E.04.1 Explain the role of businesses and financial institutions in a market economy.
  • SST-08.E.04.2 Evaluate the role of government in a market economy.
  • SST-08.E.04.3 Explain the functions and role of money.

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.04.1

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.04 Analyze the various institutions that drive and support the market economy.

SST-08.E.04.1 Explain the role of businesses and financial institutions in a market economy.

Guiding Topics: Stock market, structure of private banks, structure of the federal reserve system, corporations vs. soleproprietorship

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.04.2

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.04 Analyze the various institutions that drive and support the market economy.

SST-08.E.04.2 Evaluate the role of government in a market economy.

Guiding Topics: Fiscal policy, monetary policy, federal, state, and local taxes, contractionary and expansionary policies, supply-side vs. demand-side economics, government subsidies

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.04.3

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.04 Analyze the various institutions that drive and support the market economy.

SST-08.E.04.3 Explain the functions and role of money.

Guiding Topics: Commodity, representative and fiat money, physical and economic properties of money, measuring the money supply in the United States (M1 and M2)

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.05

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

SST-08.E.05 Evaluate the various macroeconomic measurements available to determine an economy’s size and strength.

Benchmarks

  • SST-08.E.05.1 Describe various measurements of macroeconomics.

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.05.1

  8th Grade (SST) Economics Domain:
   Benchmark for Standard: SST-08.E.05 Evaluate the various macroeconomic measurements available to determine an economy’s size and strength.

SST-08.E.05.1 Describe various measurements of macroeconomics.

Guiding Topics: Aggregate supply and demand, poverty, labor, unemployment rates, inflation rates, business cycle, exchange rates, gross domestic product

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.06

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

SST-08.E.06 Analyze how globalization has impacted various aspects of economies around the world.

Benchmarks

  • SST-08.E.06.1 Describe how trade generates economic development and interdependence.
  • SST-08.E.06.2 Analyze the benefits and costs for individuals, producers, and governments in international trade.

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.

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