NV.E10.0. The U.S. Economy As A Whole - Students will identify indicators used to measure economic performance, understand key aspects of how the economy acts as a system, and understand the roles of money, interest rates, savers, and borrowers, financial institutions, and the central bank in our economy. At a minimum, students will maintain previous content and attain the following:
E10.5.5. Recognize the three types of productive resources.
NV.E11.0. The Dynamic Economy - Students will identify the causes of economic change; explain how the U.S. economic system responds to those changes; and explain how other economic systems respond to change. At a minimum, students will maintain previous content and attain the following:
E11.5.7. Identify scarce resources and identify how they are allocated in the United States.
NV.E12.0. The International Economy - Students will explore trends in international trade, the impact of trade on the U.S. economy, and the role of exchange rates. At a minimum, students will maintain previous content and attain the following:
E12.5.1. Explain why the U.S. imports and exports goods.
NV.E9.0. The Market Economy - Students will understand how scarcity and incentives affect choices, how markets work, why markets form, how supply and demand interact to determine the market price, and how changes in prices act as economic signals to coordinate trade. At a minimum, students will maintain previous content and attain the following:
Incentives, Choice and Cost
E9.5.1. Describe how scarcity requires a person to make a choice and identify costs associated with that choice.
Markets & Prices
E9.5.5. Demonstrate an understanding of supply and demand in a market.
E9.5.3. Identify the resources needed for production in households, schools, and community groups.
NV.S1.0. Social Studies Skills - As students become increasingly sophisticated and informed thinkers, they are provided opportunities to develop and apply skills that enhance critical thinking processes by developing and applying 21st Century Skills.
S1.5.1. Skim text for main ideas.
S1.5.2. Use reading strategies to identify key content words, and supporting details to build comprehension.
S1.5.4. Use reading and writing to respond to historical literature.