Academic Standard: Grade Level or Course

Economics
Initiative: 
Tennessee State Standards
Set: 
Social Studies (2014-2019)
Type: 
Grade Level or Course — Course
Code: 
E
Grade range: 
No grade range
Groupings:
Educational Division = Secondary Education

<p><strong>Content Strands:</strong> Many academic standards for social studies courses are categorized into <em>content strands</em> as indicated by letter codes. (C=Culture, E=Economics, G=Geography, H=History, P=Politics/Government, TN=Tennessee)</p>

Students will examine the allocation of scarce resources and the economic reasoning used by government agencies and by people as consumers, producers, savers, investors, workers, and voters. Key elements of the course include the study of scarcity, supply and demand, market structures, the role of government, national income determination, money and the role of financial institutions, economic stabilization, and trade. Students will examine the key economic philosophies and economists who have influenced the economies around the world in the past and present. Informational text and primary sources will play an instrumental part of the study of economics where it is appropriate.
 
Elements within this Grade Level or Course
 
Subject
 
Scarcity and Economic Reasoning
 
Supply and Demand
 
Market Structures
 
The Role of Government
 
National Economic Performance
 
Money and Role of Financial Institutions
 
Trade