Standards Database Logo
Home | Browse | Search | Purpose | History | Process | Acknowledgment| Reference



List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
Topics1. Opportunity costs and trade-offs ; 2. Scarcity and choice; 3. Economic decision-making
   Level III (Grade 6-8)
  Benchmark 2.Knows that all decisions involve opportunity costs and that effective economic decision making involves weighing the costs and benefits associated with alternative choices
   Vocabulary terms
A.  economic decision
B.  economic decision-making
C.  cost of alternative choices
D.  benefit of alternative choices
  Knowledge/skill statements
  1. Knows that all decisions involve opportunity costs  A   
  2. Knows that economic decision-making involves weighing the costs and benefits of alternative choices  A   

 A  = Assessment items available

Citation Log: BD(NE,6;​BE,12;​CE,4;​EE,92;​JE,17;​SI,41)
Citation reference
BD = benchmark, declarative
BP = benchmark, procedural
BC = benchmark, contextual

1st letter/number of each code in parentheses:
B   International Baccalaureate: Economics
C   Colorado Economics Standards
DD   Department of Defense: Prekindergarten Social Studies Standards
E   NCEE: Framework for Economics
HS   Head Start: Child Outcomes Framework
J   JCEE: Economics, What and When
MH   McGraw-Hill: Pre-Kindergarten Standards: Guidelines for Teaching and Learning
N   NCEE: Voluntary National Content Standards in Economics
NZ   New Zealand Ministry of Education: Early Childhood Curriculum
P   NAEP: 2006 Assessment Framework in Economics for Grade 12
S   NCSS: Curriculum Standards for Social Studies
T   TEA: Texas Prekindergarten Curriculum Guidelines

2nd letter code :
E = Explicitly stated in document
I = Implicit in document

Page number of the cited document