Vermont Framework of Standards and Learning
C3.D2. Applying Disciplinary Concepts & Tools
ECONOMICS: Economic Decision Making
D2.Eco.2.6-8. Evaluate alternative approaches or solutions to current economic issues in terms of benefits and costs for different groups and society as a whole.
ECONOMICS: Exchange and Markets
D2.Eco.5.6-8. Explain ways in which money facilitates exchange by reducing transactional costs.
D2.Eco.6.6-8. Explain how changes in supply and demand cause changes in prices and quantities of goods and services, labor, credit, and foreign currencies.
D2.Eco.7.6-8. Analyze the role of innovation and entrepreneurship in a market economy.
D2.Eco.8.6-8. Explain how external benefits and costs influence market outcomes.
D2.Eco.9.6-8. Describe the roles of institutions such as corporations, non-profits, and labor unions in a market economy.
C3.D4. Communicating Conclusions & Taking Informed Action
Taking Informed Action
D4.6.6-8. Draw on multiple disciplinary lenses to analyze how a specific problem can manifest itself at local, regional, and global levels over time, identifying its characteristics and causes, and the challenges and opportunities faced by those trying to address the problem.