Social Studies Worksheets and Study Guides Eighth Grade. Economics

The resources above correspond to the standards listed below:

New Hampshire College and Career Ready Standards

NH.3. Civics and Governments: The goal of Civics is to educate students to understand the purpose, structure, and functions of government; the political process; the rule of law; and world affairs. Civics builds on a foundation of history, geography, and economics to teach students to become responsible, knowledgeable citizens, committed to participation in public affairs.
3.3. The World and the United States' Place In It: Students will demonstrate an understanding of the relationship of the United States to other countries, and the role of the United States in world affairs.
3.3.8.2. Analyze environmental, economic, and technological developments and their impact on society.
NH.4. Economics: Economics is the study of the allocation and utilization of limited resources to meet society's unlimited needs and wants, including how goods and services are produced and distributed. Through economics, students examine the relationship between costs and benefits. They develop an understanding of basic economic concepts; economics in history; how economics affects and is affected by the individual; cycles in the economy; financial institutions and government; and international economics and trade. The goal of economic education is to prepare students to make effective decisions as consumers, producers, savers, investors, and as citizens.
4.2. Basic Economic Concepts: Students will learn about the pillars of a free market economy and the market mechanism.
4.2.8.1. Identify and explain the determinants of supply and demand, e.g., income, tastes, or technology.
4.2.8.2. Explain the elements of entrepreneurship, e.g., idea development, risk-taking, or management skills.
4.3. Cycles in the Economy: Students will be able to explain the business cycle and trends in economic activity over time.
4.3.8.2. Understand how the stock market works, the buying and selling of stocks, and how it affects the economy.
4.5. International Economics and Trade: Students will recognize the importance of international trade and how economies are affected by it.
4.5.8.1. Distinguish among the different methods of allocating resources, e.g., traditional, free market, or command economies.
4.5.8.4. Examine the effects of changing economies on international trade, e.g., modernization, specialization, or interdependence.
4.6. Personal Finance: Students will be able to explain the importance of money management, spending credit, saving, and investing in a free market economy.
4.6.8.1. Compare the advantages and disadvantages of different payment methods.
4.6.8.3. Demonstrate the use of the different types of accounts available from financial institutions, e.g., checking or savings accounts.
4.6.8.4. Students will identify sources of earned and unearned income, e.g., wages or investments.
4.6.8.5. Define and compare saving and investing.
4.6.8.6. Evaluate sources of investment information, and describe how to buy and sell investments.
4.6.8.7. Discuss the importance of taking responsibility for personal financial decisions.
4.6.8.8. Design a plan for earning, spending, saving, and investing.
NH.6. New Hampshire and United States History: The study of New Hampshire and United States History is important in helping citizens understand and appreciate the legacy of our republic, and to develop the empathy and analytical skills needed to participate intelligently and responsibly in our ongoing democratic experiment. Historical study exposes students to the enduring themes and issues of our past and emboldens them to courageously and compassionately meet the contemporary challenges they will face as individuals in a state, a country and an interdependent world. Ultimately, the study of history will help students plan and implement responsible actions that support and enhance our collective values.
6.4. Economic Systems & Technology: Students will demonstrate an understanding of the changing forms of production, distribution and consumption of goods and services over time.
6.4.8.2. Examine the causes of conflict between management and labor, e.g., the Pullman Strike or the Air Traffic Controllers Strike of 1981.
NH.CC.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.
Standards

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