By the end of Grade 5, individually and with others, students will… D2.Eco.1.3-5. Compare the D2.Eco.3.3-5. Identify examples of the D2.Eco.10.3-5. Explain what interest D2.Eco.14.3-5. Explain how trade benefits and costs of individual variety of resources (human capital, rates are. leads to increasing economic choices. physical capital, and natural resources) interdependence among nations. D2.Eco.11.3-5 Explain the meaning of that are used to produce goods and D2.Eco.2.3-5. Identify positive and inflation, deflation, and unemployment. D2.Eco.15.3-5. Explain the effects services. negative incentives that influence of increasing economic D2.Eco.12.3-5. Explain the ways in the decisions people make. D2.Eco.4.3-5. Explain why individuals interdependence on different which the government pays for the and businesses specialize and trade. groups within participating nations. goods and services it provides. D2.Eco.5.3-5. Explain the role of money D2.Eco.13.3-5. Describe ways people in making exchange easier. can increase productivity by using D2.Eco.6.3-5. Explain the relationship improved capital goods and improving between investment in human capital, their human capital. productivity, and future incomes. Explain how profits D2.Eco.7.3-5. influence sellers in markets. Identify examples of D2.Eco.8.3-5. external benefits and costs. D2.Eco.9.3-5. Describe the role of other financial institutions in an economy. APPLICATION CONNECTIONS TO THE COMMON CORE STATE STANDARDS C3 Framework INDICATORS: Grades 3-5 GEOGRAPHY GEOGRAPHIC HUMAN-ENVIRONMENT HUMAN POPULATION: GLOBAL REPRESENTATIONS: INTERACTION: PLACE, SPATIAL PATTERNS AND INTERCONNECTIONS: SPATIAL VIEWS OF THE REGIONS, AND CULTURE MOVEMENTS CHANGING SPATIAL
By the end of Grade 5, individually and with others, students will… D2.Eco.1.3-5. Compare the benefits and costs of individual choices. D2.Eco.2.3-5. Identify positive and negative incentives that influence the decisions people make. D2.Eco.3.3-5. Identify examples of the variety of resources (human capital, physical capital, and natural resources) that are used to produce goods and services. D2.Eco.4.3-5. Explain why individuals and businesses specialize and trade. D2.Eco.5.3-5. Explain the role of money in making exchange easier. D2.Eco.6.3-5. Explain the relationship between investment in human capital, productivity, and future incomes. D2.Eco.7.3-5. Explain how profits influence sellers in markets. D2.Eco.8.3-5. Identify examples of external benefits and costs. D2.Eco.9.3-5. Describe the role of other financial institutions in an economy. D2.Eco.10.3-5. Explain what interest rates are. D2.Eco.11.3-5 Explain the meaning of inflation, deflation, and unemployment. D2.Eco.12.3-5. Explain the ways in which the government pays for the goods and services it provides. D2.Eco.13.3-5. Describe ways people can increase productivity by using improved capital goods and improving their human capital. D2.Eco.14.3-5. Explain how trade leads to increasing economic interdependence among nations. D2.Eco.15.3-5. Explain the effects of increasing economic interdependence on different groups within participating nations. APPLICATION CONNECTIONS TO THE COMMON CORE STATE STANDARDS C3 Framework INDICATORS: Grades 3-5 GEOGRAPHY GEOGRAPHIC REPRESENTATIONS: SPATIAL VIEWS OF THE HUMAN-ENVIRONMENT INTERACTION: PLACE, REGIONS, AND CULTURE HUMAN POPULATION: SPATIAL PATTERNS AND MOVEMENTS GLOBAL INTERCONNECTIONS: CHANGING SPATIAL