TN.3.2. Economics: Globalization of the economy, the explosion of population growth, technological changes and international competition compel students to understand, both personally and globally, the production, distribution, and consumption of goods and services. Students will examine and analyze economic concepts such as basic needs versus wants, using versus/saving money, and policy making versus decision making.
3.2.02. Give examples of fundamental economic concepts.
3.2.02.a. Identify examples of private and public goods and services.
3.2.02.c. Explain how supply and demand affects the price of a good or service.
3.2.03. Discuss the patterns and results of international trade.
3.2.03.e. Be aware of how goods and services are interchanged between communities at the local, and national levels.
3.2.spi. Performance Indicators State:
3.2.spi.4. Differentiate the difference between producer and a consumer using a picture.
TN.3.6. Individuals, Groups, and Interactions: Personal development and identity are shaped by factors including culture, groups, and institutions. Central to this development are exploration, identification, and analysis of how individuals, and groups work independently and cooperatively.
3.6.spi. Performance Indicators State:
3.6.spi.1. Classify needs and wants using pictures of common items (i.e., food, cleaning products, clothes, candy, makeup).