Standards Detail
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Subject Area - 6:
Economics
Economics
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.PK: GRADE PreKindergarten
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.K: GRADE K
Standard - 6.5.K.A
Identify individuals who volunteer in the community.
Standard - 6.5.K.C
Identify goods and services provided by local businesses
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.1: GRADE 1
Standard - 6.5.1.A
Identify individuals who work for wages in the community.
Standard - 6.5.1.C
Identify businesses and their corresponding goods and service.
Standard - 6.5.1.E
Describe what tools (tangible assets) are necessary to complete a task.
Standard - 6.5.1.F
Identify buyers and sellers (people) buy and sell things.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.2: GRADE 2
Standard - 6.5.2.A
Explain how money earned by individuals is used to meet needs and wants.
Standard - 6.5.2.B
Different how different job skills impact earnings.
Standard - 6.5.2.E
Describe the qualities that may be necessary to complete a task.
Standard - 6.5.2.F
Explain the responsibilities of a business owner.
Standard - 6.5.2.G
Identify how saving for a purchase occurs over time.
Standard - 6.5.2.H
Describe why people save money in the local bank.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.3:
GRADE 3
Standard - 6.5.3.H
Identify the role of banks in our local community.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.4:
GRADE 4
Standard - 6.5.4.B
Identify the requirements for different careers and occupations.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.5:
GRADE 5
Standard - 6.5.5.A
Describe how the availability of goods and services is made possible by the work of members of the society.
Standard - 6.5.5.B
Differentiate the requirements for different careers and occupations.
Standard - 6.5.5.D
Explain how positive and negative incentives affect individual choices.
Standard - 6.5.5.F
Define entrepreneurship and its role in the local community.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.6:
GRADE 6
Standard - 6.5.6.A
Describe how the availability of goods and services is made possible by the work of members of the society.
Standard - 6.5.6.D
Explain how profits and losses serve as incentives.
Standard - 6.5.6.E
Describe how people accumulate tangible and intangible assets.
Standard - 6.5.6.F
Explain the role of the entrepreneur in Pennsylvania.
Standard - 6.5.6.H
Explain the differences between interest rates for saving and borrowing.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.7:
GRADE 7
Standard - 6.5.7.A
Describe how people are compensated for their production of goods and services.
Standard - 6.5.7.B
Describe the characteristics of productive workers.
Standard - 6.5.7.E
Describe how people accumulate tangible and financial assets through income, saving, and financial investment.
Standard - 6.5.7.G
Identify the costs and benefits of various financial tools available to savers.
Standard - 6.5.7.H
Identify the effect of higher and lower interest rates.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.8:
GRADE 8
Standard - 6.5.8.A
Examine the compensation of workers who produce different goods and provide different services.
Standard - 6.5.8.B
Compare the characteristics of productive workers with less productive workers.
Standard - 6.5.8.D
Compare the risks and rewards of specific business actions.
Standard - 6.5.8.E
Identify wealth within and among political divisions in Pennsylvania.
Standard - 6.5.8.F
Explain the role of entrepreneurship across the nation.
Standard - 6.5.8.G
Identify the costs and benefits of various financial tools available to savers.
Standard - 6.5.8.H
Identify the effect of higher and lower interest rates.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.9:
GRADE 9
Standard - 6.5.9.A
Define wages and explain how wages are determined in terms of supply and demand.
Standard - 6.5.9.B
Describe how productivity is measured and identify ways in which a person can improve his or her productivity.
Standard - 6.5.9.C
Identify and explain the characteristics of sole proprietorship, partnership, and corporation.
Standard - 6.5.9.D
Analyze how risks influence business decision-making.
Standard - 6.5.9.E
Define wealth and describe its distribution within and among the political divisions of the United States.
Standard - 6.5.9.F
Examine leading entrepreneurs in Pennsylvania and the United States in terms of the risks they took and the rewards they received.
Standard - 6.5.9.G
Compare and contrast the various financial tools available to savers.
Standard - 6.5.9.H
Explain the impact of higher or lower interest rates for savers, borrowers, consumers, and producers.
- Standard Area - 6.5: Income, Profit, and Wealth
- Grade Level - 6.5.12:
GRADE 12
Standard - 6.5.12.B
Evaluate how changes in education, incentives, technology, and capital investment alter productivity.
Standard - 6.5.12.C
Analyze the costs and benefits of organizing a business as a sole proprietorship, partnership, or corporation.
Standard - 6.5.12.D
Analyze the role of profits and losses in the allocation of resources in a market economy.
Standard - 6.5.12.F
Assess the impact of entrepreneurs on the economy.
Standard - 6.5.12.G
Analyze the risks and returns of various investments.
Standard - 6.5.12.H
Evaluate benefits and costs of changes in interest rates for individuals and society.
- Standard Area - 6.5: Income, Profit, and Wealth
- Course - 6.5.C:
CIVICS & GOVERNMENT
- Course - 6.5.U:
US HISTORY 1850-PRESENT
Standard - 6.5.U.B
Compare the role groups and individuals played in the social, political, cultural, and economic development of the U.S. (Reference History Standards 8.3.9.A.)
Standard - 6.5.U.E
Define wealth and describe its distribution within and among the political divisions of the United States.
Standard - 6.5.U.F
Examine leading entrepreneurs in the United States in terms of the risks they took and the rewards they received.
