<standards name='OK'><title>Oklahoma Standards in Economics</title><content><![CDATA[<font color='#333333'><p>These standards in economics are current as of <b>2002</b>. No Internet connection was detected. When you have an Internet connection, the application will automatically look for updated standards for your state.</p><br><p>View the <a href="asfunction:loadstandard,standards_ok_pf_ve45.xml">State Standards in Personal Finance</a>.</p><br><p>Visit the <a href='asfunction:gotoWebPage,http://ve.councilforeconed.org/library/state-standards.php?state=ok'>web site</a> to learn more.</p><p>----------------------------------------------------------------</p><p class='contentarea'>Content Area: Social Studies</p><p>----------------------------------------------------------------</p><p class='contentarea'>Standard: 5.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 1</p><br><li>The student will understand basic economic elements found in communities.</li><li><textformat leftmargin='15'>Describe how people get their basic needs of food, clothing, and shelter (e.g., make/grow their own, trade with others for what they need, and earn money to buy the things they need).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70004|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 1</p><br><li>The student will understand basic economic elements found in communities.</li><li><textformat leftmargin='15'>Identify ways people in the neighborhood / community earn money (e.g., match pictures or simple descriptions of work people do with the names of the jobs).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70005|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Grade 2</p><br><li>The student will understand basic economic elements found in communities.</li><li><textformat leftmargin='15'>Describe the occupations and roles of people in the neighborhood and community who provide goods and services.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70007|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 2</p><br><li>The student will understand basic economic elements found in communities.</li><li><textformat leftmargin='15'>Describe ways people are paid (e.g., by check, in cash, and with goods), the places to keep their money safe (e.g., the bank), and ways they pay for goods and services (e.g., check, cash, credit card, and barter [trading goods and services]).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70008|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 3</p><br><li>The student will develop basic economic decision-making skills.</li><li><textformat leftmargin='15'>Describe the difference between goods and services; explaining that, at different times and places, people are both consumers and producers of goods and services.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70009|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 3</p><br><li>The student will develop basic economic decision-making skills.</li><li><textformat leftmargin='15'>Explain that limits on resources (scarcity) require people to make choices about producing and consuming goods and services.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70010|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 3</p><br><li>The student will develop basic economic decision-making skills.</li><li><textformat leftmargin='15'>Compare and contrast the differences among human resources (people at work), natural resources (water, soil, wood, coal, etc.) and capital resources (machines, tools, money, etc.) used to produce goods and services.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70011|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.4</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 3</p><br><li>The student will develop basic economic decision-making skills.</li><li><textformat leftmargin='15'>Explain the relationship between saving and spending, and describe the value of setting a financial goal and developing a plan to reach it.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70012|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.4</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 4</p><br><li>The student will describe the human systems (e.g., migrations, settlements, cultural mosaics, and economic interdependence) identified with the major regions of the United States, including human interaction with the environment.</li><li><textformat leftmargin='15'>Describe the development of economic specialization in each region of the United States, including examples of interdependence among regions and connections to global trade.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70013|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 5</p><br><li>The student will examine the lasting impact of the American Revolution.</li><li><textformat leftmargin='15'>Give examples that show how scarcity and choice govern economic decisions (e.g., Boston Tea Party and boycott).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70016|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Grade 6</p><br><li>The student will compare and contrast political and economic systems.</li><li><textformat leftmargin='15'>Identify and describe major economic systems and the role of governmental involvement and individual decision-making within such systems (such as traditional, command, and market economies).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70019|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 7</p><br><li>The student will evaluate the human systems of the world.</li><li><textformat leftmargin='15'>Compare and contrast common characteristics of world cultures (e.g., language, ethnic heritage, religion, political philosophy, shared history, social systems, and economic systems).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70020|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 7</p><br><li>The student will evaluate the human systems of the world.</li><li><textformat leftmargin='15'>Explain patterns and processes of global economic interdependence (e.g., developed and developing countries, economic activities, and world trade).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70021|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 7</p><br><li>The student will evaluate the human systems of the world.</li><li><textformat leftmargin='15'>Describe how changes in technology, transportation, and communication affect the location of economic activities.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70022|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 1.5</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 8</p><br><li>The student will develop and practice process skills in social studies.</li><li><textformat leftmargin='15'>Interpret economic and political issues as expressed in maps, tables, diagrams, charts, political cartoons, and economic graphs.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70024|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 6.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 8</p><br><li>The student will examine and describe the economy of the United States from 1801 to 1877.</li><li><textformat leftmargin='15'>Describe the economic growth and changes in the United States in science, technology, energy, manufacturing, entrepreneurship, and transportation, including geographic factors in the location and development of United States industries and centers of urbanization (e.g., Industrial Revolution, the early labor movement, and famous entrepreneurs of the time).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70034|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 6.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>Grade 8</p><br><li>The student will examine and describe the economy of the United States from 1801 to 1877.</li><li><textformat leftmargin='15'>Evaluate the impact in the Northern states of the concentration of industry, manufacturing, and shipping; the development of the railroad system; and the effects of immigration and the immigrant experience.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70035|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 1.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate how societies answer the three basic economic questions: what goods and services to produce, how to produce them and for whom are they produced?</li><li><textformat leftmargin='15'>Examine the different economic systems used to allocate resource, goods and services and wealth in other countries around the world.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70041|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 1.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate how societies answer the three basic economic questions: what goods and services to produce, how to produce them and for whom are they produced?</li><li><textformat leftmargin='15'>Compare the relative size and responsibilities of governments in different countries.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70042|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>High School</p><br><li>The student will demonstrate process skills in social studies.</li><li><textformat leftmargin='15'>Interpret economic and political issues as expressed in maps, tables, diagrams, charts, political cartoons, and economic graphs.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70075|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 2.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will explain how prices are set in a market economy by using supply and demand graphs, and determine how prices provide incentives to buyers and sellers.</li><li><textformat leftmargin='15'>Determine how price and nonprice factors affect the demand and supply of goods and services available in the marketplace.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70043|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 2.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will explain how prices are set in a market economy by using supply and demand graphs, and determine how prices provide incentives to buyers and sellers.</li><li><textformat leftmargin='15'>Explain what causes shortages and surpluses, including government imposed price floors and price ceilings; and determine the impact they have on prices and people's decisions to buy or sell.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70044|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 3.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate how changes in the level of competition in different markets affect prices.</li><li><textformat leftmargin='15'>Explain how competition among sellers lowers costs and prices while encouraging producers to produce more, and competition among buyers increases prices and allocates goods and services to those persons willing and able to pay higher prices.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70045|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 3.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate how changes in the level of competition in different markets affect prices.</li><li><textformat leftmargin='15'>Explain how people's own self-interest helps markets make decisions.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70046|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will compare and contrast the political and economic systems of the United States with those of major democratic and authoritarian nations.</li><li><textformat leftmargin='15'>Assess the impact of industrialization, the expansion of international markets, urbanization, and immigration on the economy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70077|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will describe the role of economic institutions (e.g., banks, labor unions, corporations, legal systems, and not-for-profits) in a market economy.</li><li><textformat leftmargin='15'>Evaluate the impact of different institutions in a market economy (e.g., the legal system ensuring private property rights, banks matching savers with borrowers, and corporations allowing people to pool their incomes and provide future income through investing in stocks).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70047|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 4.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will describe the role of economic institutions (e.g., banks, labor unions, corporations, legal systems, and not-for-profits) in a market economy.</li><li><textformat leftmargin='15'>Describe how some institutions (e.g., labor unions, religious organizations, and notfor profits) work to promote the goals of certain interest groups.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70048|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>High School</p><br><li>The student will examine human cultures, populations and activities such as settlement, migration, commerce, conflict, and cooperation.</li><li><textformat leftmargin='15'>Interpret the patterns and networks of economic interdependence on earth's surface.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70085|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will analyze how money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.</li><li><textformat leftmargin='15'>Explain how individuals, businesses and the overall economy benefit from using money.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70049|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will analyze how money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.</li><li><textformat leftmargin='15'>Determine the components of the money supply in the United States (e.g., currency, coins, and checking account deposits).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70050|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will analyze how money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.</li><li><textformat leftmargin='15'>Identify the different functions of money and give examples of each.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70051|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 5.4</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will analyze how money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.</li><li><textformat leftmargin='15'>Explain how the value of money is determined by the goods and services it can buy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70052|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 6.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate the role of interest rates in a market economy.</li><li><textformat leftmargin='15'>Identify current interest rates on different kinds of savings instruments and loans, and compare those rates with current interest rates on credit cards.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70053|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 6.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate the role of interest rates in a market economy.</li><li><textformat leftmargin='15'>Discuss the relationship between interest rates and inflation rates, and determine how changes in real interest rates impact people's decisions to borrow money and purchase goods.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70054|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>High School</p><br><li>The student will investigate the geography and economic assets of Oklahoma and trace their effects on the history of the state.</li><li><textformat leftmargin='15'>Examine how economic cycles (e.g., the Great Depression and the Dust Bowl, and oil boom and bust) have affected and continue to affect major sectors of state employment (e.g., fossil fuels, timber, mining, tourism, the military, and agriculture).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70073|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 6.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate the role of interest rates in a market economy.</li><li><textformat leftmargin='15'>Determine the factors affecting the differences in interest rates (e.g., new versus used car loans, home mortgages, and "good" versu "bad" credit ratings).</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70055|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 7.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will explain the role of entrepreneurs, risks, and profits in a market economy.</li><li><textformat leftmargin='15'>Identify an entrepreneur and describe how his/her decisions affect job opportunities for others.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70056|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>High School</p><br><li>The student will investigate and analyze the causes and legacy of the Great Depression.</li><li><textformat leftmargin='15'>Examine changes in business cycles, weaknesses in key sectors of the economy, and government economic policies in the late 1920s.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70079|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 7.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will explain the role of entrepreneurs, risks, and profits in a market economy.</li><li><textformat leftmargin='15'>Analyze the potential risks and potential gains of entrepreneurs opening new businesses or inventing a new product, and determine the nonfinancial incentives that motivate them, and the risks or disincentives they face.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70057|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 7.5</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will investigate and analyze the causes and legacy of the Great Depression.</li><li><textformat leftmargin='15'>Assess the impact of the expanded role of government in the economy since the 1930s.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70081|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 8.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate the economic role of government in a market economy.</li><li><textformat leftmargin='15'>Explain the role that government has in dealing with issues, such as poverty, pollution, and medical research.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70058|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 8.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate the economic role of government in a market economy.</li><li><textformat leftmargin='15'>Describe the costs and benefits of government assistance programs, education and other government-funded projects.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70059|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 8.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will evaluate the economic role of government in a market economy.</li><li><textformat leftmargin='15'>Identify projects or programs where the cost of government policies may have exceeded the economic benefits received, and explain why government would continue supporting such projects.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70060|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 9</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will assess the successes and shortcomings of United States foreign policy since World War II.</li><li><textformat leftmargin='15'>Examine the strategic and economic factors in the development of Middle East policy, and relations with African nations, such as South Africa.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70082|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 9.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will determine current economic conditions in the United States, and explain how these conditions have an impact on consumers, producers, and government policymakers.</li><li><textformat leftmargin='15'>Explain what gross domestic product (GDP) is and how it can be used to describe economic output over time.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70061|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 9.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will determine current economic conditions in the United States, and explain how these conditions have an impact on consumers, producers, and government policymakers.</li><li><textformat leftmargin='15'>Compare the GDP per capita in the United States with the same data for other countries.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70062|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 9.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will determine current economic conditions in the United States, and explain how these conditions have an impact on consumers, producers, and government policymakers.</li><li><textformat leftmargin='15'>Describe the impact on the economy when GDP is growing or declining.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70063|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 10.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will explain the role of inflation and unemployment in an economic system.</li><li><textformat leftmargin='15'>Define inflation and unemployment, and explain the impact they have on an economy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70064|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 10.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will explain the role of inflation and unemployment in an economic system.</li><li><textformat leftmargin='15'>Determine when the United States historically has faced high unemployment, high inflation, low unemployment, and low inflation; and identify the economic conditions that existed during those times.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70065|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 10.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will explain the role of inflation and unemployment in an economic system.</li><li><textformat leftmargin='15'>Give examples of the types of unemployment and analyze the differences among them.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70066|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 10.4</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will explain the role of inflation and unemployment in an economic system.</li><li><textformat leftmargin='15'>Determine how inflation is measured and the impact it has on different sectors of the economy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70067|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 11.1</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will identify the potential economic impact of policy changes by the Federal Reserve and the federal government.</li><li><textformat leftmargin='15'>Identify historical examples of fiscal policies, and explain why they were adopted.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70068|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 11.2</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will identify the potential economic impact of policy changes by the Federal Reserve and the federal government.</li><li><textformat leftmargin='15'>Determine the differences between federal deficits and surpluses, and their impact on the economy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70069|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 11.3</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will identify the potential economic impact of policy changes by the Federal Reserve and the federal government.</li><li><textformat leftmargin='15'>Examine the tools of monetary policy and its impact on the economy.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70070|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 11.4</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will identify the potential economic impact of policy changes by the Federal Reserve and the federal government.</li><li><textformat leftmargin='15'>Determine when the federal government and the Federal Reserve should use expansionary or contractionary policies.</textformat></li><br><textformat leftmargin='25'><p><a href='asfunction:findLessonByStandard,70071|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: 14</p><p>----------------------------------------------------------------</p><p class='contentarea'>High School</p><br><li>The student will compare and contrast the political and economic systems of the United States with those of major democratic and authoritarian nations.</li><br><textformat leftmargin='0'><p><a href='asfunction:findLessonByStandard,70076|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br></font>]]>
</content>
<correlations>
<standard id='70004'>68272,20990,68094,68270,20972,20974,68273,68202,20975,20982,20991,20929,68204,68205,20989,62629,20981,20980,20977,68197,461,464,310,911,457,357,197,675,414,699,</standard>
<standard id='70005'>68197,20929,20921,20920,20974,68198,68199,62629,20976,20975,20972,20983,20989,20990,20991,20986,20985,68272,20984,20982,226,207,357,457,382,911,464,197,310,540,</standard>
<standard id='70007'>20929,68272,68270,20975,20974,20972,20982,68094,20989,20990,20991,68201,20976,68210,68200,68204,20984,20985,20983,68205,457,357,464,310,911,382,226,207,461,197,</standard>
<standard id='70008'>68275,68274,20929,20984,20982,20985,68272,68281,68095,20990,61968,20991,68199,68200,68201,68205,68202,68198,68197,20987,269,289,446,169,284,195,517,279,285,699,</standard>
<standard id='70009'>62318,20929,20954,67933,67917,20941,20938,67881,67882,67113,62323,20944,20945,20946,20955,62354,61970,67880,67930,67932,357,276,453,62,41,745,382,383,384,313,</standard>
<standard id='70010'>67915,67916,68167,62346,67914,68170,67938,67871,67935,67941,67939,67928,67940,20914,67114,20918,20915,68169,67929,62313,517,396,392,414,39,364,911,489,470,209,</standard>
<standard id='70011'>62314,62630,61985,62325,62348,68178,20922,20923,68164,67119,67874,67122,62629,67870,67871,62625,62315,62313,62318,67914,368,393,540,557,910,364,343,389,41,374,</standard>
<standard id='70012'>68177,67878,61984,68178,67113,67925,62630,62318,61985,67929,62352,67934,68167,68168,68170,67942,67938,20965,67935,67936,414,483,361,910,455,364,584,206,539,381,</standard>
<standard id='70013'>67883,67943,20962,67926,20960,67927,62319,62326,67939,67876,67929,67922,67117,20944,20940,20961,67931,67934,62317,67945,478,301,64,448,446,59,911,358,61,67,</standard>
<standard id='70016'>67916,68169,68167,67915,67914,62346,67917,67928,67937,67114,68170,20917,20915,20914,68174,68177,20916,67121,62313,62316,396,584,470,517,392,177,209,39,468,414,</standard>
<standard id='70019'>68242,67915,68094,62645,60314,68248,67873,68240,60316,67872,65764,62641,62643,60318,61970,62644,65758,702,542,157,515,918,325,772,556,476,45,</standard>
<standard id='70020'>68143,20833,20767,20836,60338,60335,20766,60333,61971,65769,20839,67917,20837,60332,20847,20843,20835,67915,68281,322,702,552,789,719,259,686,356,403,345,</standard>
<standard id='70021'>20768,68140,20765,20769,20773,61972,62646,20770,20764,60336,67883,20771,68275,20807,68272,20809,20808,65769,68274,68281,605,855,57,552,719,350,725,59,776,579,</standard>
<standard id='70022'>20806,20799,60338,67916,67915,60315,20810,20838,20801,67914,60334,68238,65760,65758,65755,20811,65764,65762,702,719,725,263,206,727,346,581,337,187,</standard>
<standard id='70024'>68283,68141,68282,15849,68243,61970,68246,20767,62642,60333,68095,62636,62643,60335,68278,15846,65762,65763,515,474,230,859,776,395,58,325,328,346,</standard>
<standard id='70034'>20806,60315,20799,60338,68236,20805,68142,20812,68237,20798,20767,68277,20810,20803,67917,60333,20804,68270,20800,692,719,337,676,668,263,725,773,702,308,</standard>
<standard id='70035'>60335,60338,60333,20766,61973,20812,68237,68236,20810,20805,20806,20803,20811,67917,65765,65762,65761,60315,719,702,692,773,338,725,187,542,263,308,</standard>
<standard id='70041'>65693,17800,17818,17814,68143,17795,17809,63116,65603,65687,63114,65684,68046,63111,15423,15425,67729,62147,65686,288,795,651,532,138,322,136,535,35,552,</standard>
<standard id='70042'>17818,63116,68030,62147,62513,68035,17814,67667,67669,67755,67733,68037,68033,68046,65603,17809,17795,68036,68041,68040,593,719,154,759,535,651,694,322,185,727,</standard>
<standard id='70075'>68105,68034,68044,68107,68141,17810,67669,60260,65720,67757,67762,62616,68062,68108,63118,15432,998,990,1012,848,1003,994,1004,1011,1009,353,</standard>
<standard id='70043'>60251,67755,20817,15428,17807,17804,67855,67737,17801,62141,67748,68058,68109,65686,62175,62598,132,508,553,201,259,317,758,60,46,615,</standard>
<standard id='70044'>15428,60251,17808,17804,20817,67855,67755,62141,67669,67667,62597,17807,67668,68106,68143,62511,508,529,333,335,553,615,551,317,259,47,</standard>
<standard id='70045'>20823,67755,67668,15425,17801,67645,67669,67853,62513,62590,65684,17817,62595,62447,62142,65597,15430,67855,68143,505,60,201,692,759,146,371,479,762,694,</standard>
<standard id='70046'>67669,67668,67667,17805,67755,17806,17817,17801,20823,17814,62165,62509,17811,17818,17809,17799,17800,17803,68143,17838,725,341,759,552,719,45,346,694,162,773,</standard>
<standard id='70077'>67729,67644,67736,17837,67642,17809,60261,65685,67747,60254,62507,67764,17814,62515,67752,60315,65724,719,154,288,274,138,602,651,692,773,391,</standard>
<standard id='70047'>60261,60253,60252,67747,68110,68042,68028,17828,56533,56534,67754,68295,62143,65690,65603,62602,62584,84,348,542,163,700,391,367,997,691,1009,</standard>
<standard id='70048'>68295,56534,60261,56533,60252,68028,17828,62143,68110,60253,67754,68042,67747,62602,62591,65690,65603,691,700,163,348,367,997,84,1009,542,391,</standard>
<standard id='70085'>67727,68140,63120,15434,67732,67741,67748,15422,17795,67765,17833,17818,17834,17809,17835,65596,68288,67636,62476,67641,855,552,575,567,536,798,558,299,342,24,</standard>
<standard id='70049'>56531,15432,67742,67754,56534,62173,67753,67756,17828,67735,62479,56533,62477,17812,56530,67647,15435,798,34,175,133,629,395,776,698,558,156,</standard>
<standard id='70050'>56531,15432,67742,67754,56534,62173,67753,67756,17828,67735,62479,56533,62477,17812,56530,67647,15435,798,34,175,133,629,395,776,698,558,156,</standard>
<standard id='70051'>56531,15432,67742,67754,56534,62173,67753,67756,17828,67735,62479,56533,62477,17812,56530,67647,15435,798,34,175,133,629,395,776,698,558,156,</standard>
<standard id='70052'>56531,15432,67742,67754,56534,62173,67753,67756,17828,67735,62479,56533,62477,17812,56530,67647,15435,798,34,175,133,629,395,776,698,558,156,</standard>
<standard id='70053'>68297,62144,17810,20829,68300,68104,68306,62450,62516,62451,17812,60254,388,84,847,37,570,36,175,603,121,353,</standard>
<standard id='70054'>68297,17810,20829,62144,68300,68306,68104,20825,20828,62451,62450,60254,63118,65690,36,570,175,847,603,388,84,37,353,26,</standard>
<standard id='70073'>68044,68108,68105,67756,67757,17837,67764,60254,67752,67747,67729,61973,67732,67745,67644,995,1006,997,1003,994,1011,990,1000,288,692,</standard>
<standard id='70055'>68297,68300,62144,17810,20829,68104,68110,17812,68295,68306,68305,68302,62601,62516,62602,62605,62606,388,36,847,84,603,175,570,26,37,346,</standard>
<standard id='70056'>56530,20862,67669,67668,62131,67735,67738,17813,68027,67750,67747,62132,62137,62591,62599,62588,62584,62514,62601,62605,727,186,725,719,773,772,692,533,543,113,</standard>
<standard id='70079'>68108,68044,68105,67757,67756,65692,62616,68141,15432,68111,68107,67762,68109,68062,67729,1003,990,1011,994,997,995,1006,1000,1012,459,</standard>
<standard id='70057'>67738,67669,67668,17813,17817,67747,62514,68291,20862,68139,56530,20823,62138,67857,15430,67750,62613,62584,62178,67763,725,727,264,692,772,533,719,694,543,676,</standard>
<standard id='70081'>68035,68036,68033,67669,68041,67733,68037,67755,68040,17818,60261,60258,67667,67670,60257,60316,759,306,542,522,355,694,632,459,773,748,</standard>
<standard id='70058'>17818,62483,60257,60261,68030,15426,67642,63121,62147,67755,68035,68031,17823,68027,68037,17820,759,773,189,582,273,764,522,529,719,355,</standard>
<standard id='70059'>67669,67733,17818,67755,67670,67667,60256,62448,68036,68040,68041,68033,68035,68037,20827,17820,17823,68031,68030,60261,542,306,694,522,759,185,319,719,773,526,</standard>
<standard id='70060'>17818,62483,60257,60261,68030,15426,67642,63121,62147,67755,68035,68031,17823,68027,68037,17820,759,773,189,582,273,764,522,529,719,355,</standard>
<standard id='70082'>60261,17837,67736,67642,67644,65685,67729,65604,62507,65601,62515,17809,56530,56529,17814,67764,67752,67749,719,154,602,725,773,542,676,274,692,606,</standard>
<standard id='70061'>17827,17832,67759,67757,68044,68141,68107,68105,67729,62480,62479,62476,68042,68034,17810,353,990,994,131,848,49,602,995,1012,1006,</standard>
<standard id='70062'>17827,17832,67759,67757,68044,68141,68107,68105,67729,62480,62479,62476,68042,68034,17810,353,990,994,131,848,49,602,995,1012,1006,</standard>
<standard id='70063'>67729,67752,67644,62479,68141,62480,17832,68107,67757,68105,62476,68044,17827,67759,67642,67747,1006,995,997,353,994,1011,848,1000,1003,1012,</standard>
<standard id='70064'>68044,68105,68034,60260,67669,62616,67762,68107,15432,68141,63118,68108,68062,17832,17825,20858,850,998,1012,994,990,1003,1011,1004,848,353,</standard>
<standard id='70065'>68044,68105,68108,62616,68034,67757,63118,15432,68141,68062,67669,67762,60260,68107,990,1003,994,1011,1006,997,995,1000,1012,850,</standard>
<standard id='70066'>68034,68044,68105,68062,68107,67760,20858,67765,62616,67762,67757,63119,17825,67669,990,994,848,785,1012,998,850,1011,1003,1004,</standard>
<standard id='70067'>15432,63118,68044,68034,68105,68108,68141,17810,68107,17826,17832,60260,65720,67753,990,44,615,18,1012,865,850,255,848,227,</standard>
<standard id='70068'>17829,67757,67756,15433,60260,68107,68111,68031,62255,17831,62615,65720,17832,459,190,184,29,319,997,352,348,1012,36,</standard>
<standard id='70069'>17829,67757,67756,15433,60260,68107,68111,68031,62255,17831,62615,65720,17832,459,190,184,29,319,997,352,348,1012,36,</standard>
<standard id='70070'>68107,15432,68111,60260,17828,68108,67762,67756,63118,17810,17831,65720,65691,62602,36,990,698,1012,29,459,700,995,352,348,</standard>
<standard id='70071'>67756,68111,67757,68107,68108,60260,65720,17831,68044,17832,68105,17829,17828,15433,15432,1003,459,997,995,1006,990,29,698,184,190,</standard>
<standard id='70076'>65693,17800,17818,17814,68143,17795,17809,63116,65603,65687,63114,65684,68046,63111,15423,15425,67729,62147,65686,288,795,651,532,138,322,136,535,35,552,</standard>
</correlations>
</standards>