| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
1 | Grade | Strand | Standard | Code | Benchmark | Concepts | Resources |
2 | K | 2. Economics | 7. Economic Inquiry: Use economic models/reasoning and data analysis to construct an argument and propose a solution related to an economic question. Evaluate the impact of a proposed solution on various communities that would be affected. | K.2.7.1 | Use cost-benefit analysis as a group to solve a problem. | cost, benefit, choice, wants, scarcity | Which Pet Should we Choose?: MCEE Math and Economics Kiddynomics: Betty Bunny Wants Everything: Federal Reserve Bank of St. Louis Choices, Trade-Offs, Opportunity Costs : Economics Arkansas |
3 | K | 2. Economics | 9. Personal Finance: Apply economic concepts and models to develop individual and collective financial goals and strategies for achieving these goals, taking into consideration historical and contemporary conditions that either inhibit or advance the creation of individual and generational wealth. | K.2.9.1 | Distinguish between individual needs (conditions necessary to survive) and individual wants (conditions desired to be happy). | wants, needs | Nizzy and Cooper's ABC Adventure Exploring: Federal Reserve Bank of St. Louis Goods and Services Goods and Services Video: Federal Reserve Bank of St. Louis Same, Same But Different: MCEE Teaching Econ with BIPOC Authors |
4 | K | 2. Economics | 10. Micro: Explain and evaluate how resources are used and how goods and services are distributed, within different economic systems. Analyze how incentives influence the decisions of consumers, producers and government. Evaluate the intended and unintended consequences of these decisions from multiple perspectives. | K.2.10.1 | Distinguish between goods (objects that can be seen or touched) and services (actions or activities). Identify goods and services that could satisfy a specific need or want. | goods, services, wants | Getting the Goods on Good Pizza: MCEE Award Winning Lesson What do you Want?: MCEE Math and Economics Wants, Goods, Services, Consumers: Economics Arkansas If You Give a Mouse a Cookie: University of Nebraska - Omaha |
5 | K | 2. Economics | 12. Global/International: Explain why people trade and why nations encourage or limit trade. Analyze the costs and benefits of international trade and globalization on communities and the environment. | K.2.12.1 | Explain why people agree to trade. | trade, swap, barter | What is Scarcity?: Federal Reserve Bank of St. Louis Want to Swap?: MCEE Math and Economics Sheep In a Shop: Education: St. Louis Fed: Book Lesson PBS Learning Media: Video: Let's Trade: Everyday Learning Barter, Exchange: Using To Exchange or Not: Economics Arkansas Book: The Scarecrow's Hat: Ken Brown |
6 | 1 | 2. Economics | 7. Economic Inquiry: Use economic models/reasoning and data analysis to construct an argument and propose a solution related to an economic question. Evaluate the impact of the proposed solution on various communities that would be affected. | 1.2.7.1 | Use cost-benefit analysis for two available alternatives to make a decision. | alternatives, decision, pro, con, spend, save, donate | The Perfect Breakfast: Federal Reserve Bank of St. Louis Sheep in a Shop: Federal Reserve Bank of St. Louis How Can We Decide?: MCEE Math and Economics Madison's 1st Dollar: MCEE: Teaching Econ with BIPOC Authors Trade-Offs, Opportunity Costs : Economics Arkansas One Fine Day: Federal Reserve Bank of St. Louis |
7 | 1 | 2. Economics | 8. Fundamental Economics Concepts: Analyze how scarcity and artificial shortages force individuals, organizations, communities and governments to make choices and incur opportunity costs. Analyze how their decisions affect economic equity and efficiency. | 1.2.8.1 | Define scarcity as not having enough of something to satisfy everyone’s wants and give examples. | scarce, scarcity, allocate (allocation) | What is Scarcity?: Federal Reserve Bank of St. Louis Explore What Do You Want?: MCEE Math and Economics Who Should Get What?: MCEE Math and Economics Wheels On the Bus: MCEE Math and Economics Scarcity, Allocation Methods: Economics Arkansas |
8 | 1 | 2. Economics | 11. Macro: Measure and evaluate the well-being of nations and communities using a variety of indicators. Explain the causes of economic ups and downs. Evaluate how government actions affect a nation’s economy and individuals’ well-being within an economy. | 1.2.11.1 | Explain that an economy is a system for using resources and distributing goods and services within a community. | consumers, producers, business, competition, economics, economy, marketplace | Consumers and Producers: Federal Reserve Bank of St. Louis An Orange in January: Federal Reserve Bank of St. Louis: What is Competition?: MCEE Math and Economics Buyers, Sellers, Market, Price : Economics Arkansas |
9 | 1 | 2. Economics | 12. Global/International: Explain why people trade and why nations encourage or limit trade. Analyze the costs and benefits of international trade and globalization on communities and the environment. | 1.2.12.1 | List examples of goods that people buy from different countries. | goods, cost, benefit, international trade, globalization | The Perfect Breakfast: Federal Reserve Bank of St. Louis Cultures, Food, and Communities Around the World: MN Ag in the Classroom Book: How Much: Ted Lewin Book: How to Make an Apple Pie and See the World: Marjorie Priceman |
10 | 2 | 2. Economics | 7. Economic Inquiry: Use economic models/reasoning and data analysis to construct an argument and propose a solution related to an economic question. Evaluate the impact of the proposed solution on various communities that would be affected. | 2.2.7.1 | Investigate what characteristics allow an item to function as currency. | money, wants, exchange, trade | What Make Something Useful as Money? : Federal Reserve Bank of St. Louis Coin Classroom: U.S. Mint Money/Trade: Economics Arkansas What Makes Something Useful as Money: MCEE Math and Economics |
11 | 2 | 2. Economics | 8. Fundamental Economics Concepts: Analyze how scarcity and artificial shortages force individuals, organizations, communities and governments to make choices and incur opportunity costs. Analyze how their decisions affect economic equity and efficiency. | 2.2.8.1 | Provide an example of an opportunity cost, which is the next best alternative when a choice is made. | choice, opportunity cost, trade off | Something from Nothing: Federal Reserve Bank of St. Louis Choices, Trade-Offs, Opportunity Costs: Economics Arkansas Choices, Choices, Choices: MCEE Math and Economics Welcome Party Wants: MCEE Math and Economics |
12 | 2 | 2. Economics | 9. Personal Finance: Apply economic concepts and models to develop individual and collective financial goals and strategies for achieving these goals, taking into consideration historical and contemporary conditions that either inhibit or advance the creation of individual and generational wealth. | 2.2.9.1 | Given a goal and several alternative choices to reach that goal, select the best choice and explain why. | opportunity cost, alternatives, criteria, decision making | Glo Goes Shopping: Federal Reserve Bank of St. Louis Indira Nooyi: MCEE Teaching Econ with BIPOC Authors Go West (And Make Some Good Decisions): MCEE Award Winning Lessons Something Special for Me: MCEE Award WInning Lessons Choices, Trade-offs, Opportunity Costs: Economics Arkansas |
13 | 3 | 2. Economics | 8. Fundamental Economics Concepts: Analyze how scarcity and artificial shortages force individuals, organizations, communities and governments to make choices and incur opportunity costs. Analyze how their decisions affect economic equity and efficiency. | 3.2.8.1 | Explain that producing any good or service requires resources. Describe the resources needed to produce a specific good or service. Explain why it is not possible to produce an unlimited amount of a good or service. | producers, goods, services, resources - natural, human, capital, scarcity | Goat in the Rug: Federal Reserve Bank of St. Louis The Shoemaker's Tools: EconEdLink Sloth & Squirrel in a Pickle: EconEdLink Valentine's Day Capital Resources Activity: EconEdLink Rolling for Resources: Council on Economic Education Human, Capital and Natural Resources for Kids: YouTube Video Maple Syrup Making: MCEE Lemonade for Sale: Federal Reserve Bank of New Richmond A Chair for My Mother: Federal Reserve Banks of St. Louis and Philadelphia https://youtu.be/Rpij3McTCP0 Service Group Choices: MCEE Math and Economics The Little Red Hen: EconEdLink Ben & Jerry's Flavor Graveyard: EconEdLink From Boxes to Sheep: Council on Economic Education We are Water Protectors: MCEE Teaching Econ with BIPOC Authors |
14 | 3 | 2. Economics | 9. Personal Finance: Apply economic concepts and models to develop individual and collective financial goals and strategies for achieving these goals, taking into consideration historical and contemporary conditions that either inhibit or advance the creation of individual and generational wealth. | 3.2.9.1 | Identify possible short- and long-term consequences of different choices, while highlighting that not all individuals have access to the same choices. | cost and benefits, spending, saving, choices | Danny Chooses a Pet: MCEE Math and Economics How Much Time?: MCEE Math and Economics Money and Exchange: MCEE Math and Economics Beatrice's Goat: Federal Reserve Bank of St. Louis We are Water Protectors: MCEE Teaching Econ with BIPOC Authors Uncle Jed's Barbershop: Federal Reserve Bank of Philadelphia So Few of Me: Federal Reserve Bank of Philadelphia Family Roots: Population Education |
15 | 3 | 2. Economics | 10. Micro: Explain and evaluate how resources are used, and how goods and services are distributed, within different economic systems. Analyze how incentives influence the decisions of consumers, producers and government. Evaluate the intended and unintended consequences of these decisions from multiple perspectives. | 3.2.10.1 | Explain that consumers have two roles – as sellers of resources and buyers of goods and services. Explain that producers have two roles – as sellers of goods and services and buyers of resources. | consumers, resources, goods, services, sellers, buyers | The Benefits of Trading: MCEE Math and Economics A Season of Goods: MCEE Math and Economics The Bookmark Factory: MCEE Math and Economics Goods and Services: Federal Reserve Bank of St. Louis How Many Beverages Will Consumers Buy: Federal Reserve Bank of Minnesota |
16 | 4 | 2. Economics | 7. Economic Inquiry: Use economic models/reasoning and data analysis to construct an argument and propose a solution related to an economic question. Evaluate the impact of the proposed solution on various communities that would be affected. | 4.2.7.1 | Explain how the limited supply of natural resources requires people to make decisions about resource use and examine a specific resource use decision made in your community. | natural resources, decisions, limited supply | Using the PACED Process: MCEE Math and Economics A Day at the Amusement Park: MCEE Math and Economics Something from Nothing: Federal Reserve Bank of St. Louis |
17 | 4 | 2. Economics | 8. Fundamental Economics Concepts: Analyze how scarcity and artificial shortages force individuals, organizations, communities and governments to make choices and incur opportunity costs. Analyze how their decisions affect economic equity and efficiency. | 4.2.8.1 | Explain how incentives can change people’s decisions about resource use. | incentives, decisions, resources | How Big is the Schoolyard: MCEE Math and Economics Deciding How to Spend Money: MCEE Math and Economics Last Stop on Market Street: MCEE Teaching Econ with BIPOC Authors The Have a Good Day Cafe: Federal Reserve Bank of St. Louis |
18 | 4 | 2. Economics | 10. Micro: Explain and evaluate how resources are used, and how goods and services are distributed, within different economic systems. Analyze how incentives influence the decisions of consumers, producers and government. Evaluate the intended and unintended consequences of these decisions from multiple perspectives. | 4.2.10.1 | Explain what it means for a resource to be productive and how productivity can increase. | resources, productive, productivity | The Packet Factory: MCEE Math and Economics Productivity - YouTube (6:34): Federal Reserve Bank of St. Louis Morris Goes to School: Federal Reserve Bank of St. Louis On the Court with Michael Jordan: Federal Reserve Bank of St. Louis Invest in Yourself: Federal Reserve Bank of St. Louis Sweet Potato Pie: Federal Reserve Bank of St. Louis Ten Mile Day: Federal Reserve Bank of Philadelphia Sky Boys: How They Built the Empire State Building: Federal Reserve Bank of St. Louis |
19 | 4 | 2. Economics | 11. Macro: Measure and evaluate the well-being of nations and communities using a variety of indicators. Explain the causes of economic ups and downs. Evaluate how government actions affect a nation’s economy and individuals’ well-being within an economy. | 4.2.11.1 | Explain how a nation’s resources influence the goods and services it can produce and why people in different cultures, regions or countries may make different decisions about resource use. | resources, good, services, produce, decision-making, role of government | Laura Ingalls Wilder: Frontier Town: EconEdLink What is Competition?: EconEdLink Work, Earnings, and Economics: Based off the book “Lyddie” by Katherine Paterson: EconEdLink Saturday Sancocho: Federal Reserve Bank of Philadelphia Potato: A tale from the Great Depression: Federal Reserve Bank of St. Louis-Little Rock Branch |
20 | 5 | 2. Economics | 9. Personal Finance: Apply economic concepts and models to develop individual and collective financial goals and strategies for achieving these goals, taking into consideration historical and contemporary conditions that either inhibit or advance the creation of individual and generational wealth. | 5.2.9.1 | Apply a decision-making process to identify alternative options available to decision-makers in a historical setting, the decision that was made and the opportunity cost of the decision. | decision making, alternative options, opportunity cost | Choosing an Alternative for the Use of Sugar Act Taxes: MCEE Math and Economics Identifying Opportunity Cost: MCEE Math and Economics Making Decisions Big and Small: MCEE Math and Economics Income & Budget Unit: MCEE Math and Economics Using Children’s Literature to Teach About Economics and Enterprising Women: EconEdLink Booker T. Washington: Fifty Cents and a Dream: EconEdLink On the Court with Michael Jordan: Federal Reserve Bank of Philadelphia |
21 | 5 | 2. Economics | 10. Micro: Explain and evaluate how resources are used, and how goods and services are distributed, within different economic systems. Analyze how incentives influence the decisions of consumers, producers and government. Evaluate the intended and unintended consequences of these decisions from multiple perspectives. | 5.2.10.1 | Calculate profit as the difference between revenue (from selling goods and services) and cost (payments for resources used). | profit, revenue, goods, services, cost, resources | Creative Toy: MCEE Math and Economics Do I Look Like I'm Made of Money: EconEdLink Revenue and Profit Definition (YouTube, 1:33) Spotlighting Entrepreneurs: A Technology “iCon”: EconEdLink |
22 | 5 | 2. Economics | 11. Macro: Measure and evaluate the well-being of nations and communities using a variety of indicators. Explain the causes of economic ups and downs. Evaluate how government actions affect a nation’s economy and individuals’ well-being within an economy. | 5.2.11.1 | Investigate the relationship between individual well-being and the well-being of an entire community or nation. | well-being, community, individual, role of government | Dream Builder: The Story of Architect Philip Freelon: MCEE Teaching Econ with BIPOC Authors What Makes a Community?: Federal Reserve Bank of St.Louis Our Town: Population Education |
23 | 5 | 2. Economics | 12. Global/International: Explain why people trade and why nations encourage or limit trade. Analyze the costs and benefits of international trade and globalization on communities and the environment. | 5.2.12.1 | Explain how government decisions concerning trading relationships may impact people differently within a community or nation. | trade, decision-making, role of government, international trade, globalization | Taxation without Representation: EconEdLink The Economics of Transportation: Federal Reserve Bank of St. Louis |