Arizona's College and Career Ready Standards
SS08-S5C1. Foundations of Economics: The foundations of economics are the application of basic economic concepts and decision-making skills. This includes scarcity and the different methods of allocation of goods and services.
SS08-S5C1-02. Analyze how scarcity, opportunity costs, and trade-offs, influence decision-making.
SS08-S5C1-03. Analyze how individuals, governments and businesses make choices based on the availability of resources.
SS08-S5C2. Microeconomics: Microeconomics examines the costs and benefits of economic choices relating to individuals, markets and industries, and governmental policies.
SS08-S5C2-01. Identify the functions and relationships among various institutions (e.g., business firms, banks, government agencies, labor unions, corporations) that make up an economic system.
SS08-S5C2-05. Describe the impact of entrepreneurs (e.g., Bill Gates, Martha Stewart, Oprah Winfrey, Ted Turner Donald Trump) in the free enterprise system.
SS08-S5C4. Global Economics: Patterns of global interaction and economic development vary due to different economic systems and institutions that exist throughout the world.
SS08-S5C4-04. Identify interdependence (e.g., North American Free Trade Agreement, European Union, International Monetary Fund/World Bank) between nations.
SS08-S5C5. Personal Finance: Decision-making skills foster a person's individual standard of living. Using information wisely leads to better informed decisions as consumers, workers, investors and effective participants in society.
SS08-S5C5-01. Explain how scarcity influences personal financial choices (e.g., budgeting, saving, investing, credit).
SS08-S5C5-02. Describe types of personal investments (e.g., saving accounts, stocks, mutual funds, bonds, retirement funds, land).
SS08-S5C5-03. Describe the role of the stock market in personal investing.
SS08-S5C5-04. Describe various forms of credit. (e.g., personal loans, credit cards, lines of credit, mortgages, auto loans).
SS08-S5C5-05. Analyze the, advantages, disadvantages, and alternatives to consumer credit.
AZ.RH.6-8. Reading Standards for Literacy in History/Social Studies
Craft and Structure
RH.6-8.4. Determine the meaning of words and phrases as they are used in a text, including vocabulary specific to domains related to history/social studies.
RH.6-8.5. Describe how a text presents information (e.g., sequentially, comparatively, causally).
Range of Reading and Level of Text Complexity
RH.6-8.10. By the end of grade 8, read and comprehend history/social studies texts in the grades 6-8 text complexity band independently and proficiently.