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.
3.2.01. Describe the potential costs and benefits of personal economic choices in a market economy.
3.2.01.a. Identify ways of earning, spending, and saving money.
3.2.01.b. Analyze a simple budget that allocates money for spending and saving.
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).