Social Studies Worksheets and Study Guides Eighth Grade. Economics

The resources above correspond to the standards listed below:

Illinois Learning Standards

IL.SS.6-8. Disciplinary Concepts
SS.EC. Economics and Financial Literacy
Economic Decision Making
Less Complex (LC)
SS.EC.1.6-8.LC. Explain how economic decisions affect the well-being of individuals, businesses and society.
Moderately Complex (MdC)
SS.EC.1.6-8.MdC. Explain how external benefits and costs influence choices.
More Complex (MC)
SS.EC.1.6-8.MC. Evaluate alternative approaches or solutions to current economic issues in terms of benefits and costs for different groups and society as a whole.
Exchange and Markets
Less Complex (LC)
SS.EC.2.6-8.LC. Analyze the role of innovation and entrepreneurship in a market economy.
Moderately Complex (MdC)
SS.EC.2.6-8.MdC. Describe the roles of institutions, such as corporations, non-profits, and labor unions in a market economy.
More Complex (MC)
SS.EC.2.6-8.MC. Explain how changes in supply and demand cause changes in prices and quantities of goods and services, labor, credit, and foreign currencies.
Financial Literacy
Less Complex (LC)
SS.EC.FL.2.6-8.LC. Explain the roles and relationships between savers, borrowers, interest, time, and the purposes for saving.
More Complex (MC)
SS.EC.FL.1.6-8.MC. Describe the connection between credit, credit options, and interest and credit history.

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