Students will describe key people, events, and ideas since World War II.
Example Indicators:
- Describe the changing role of women in America.
- Describe the technology revolution and its impact on communication, transportation, and new industries.
- Describe the consumer economy and increasing global markets. .
- Explain the effects of increased immigration.
Social Studies 8.3.5
Students will explain the structure and operation of the United States economy and the role of citizens as producers and consumers.
Example Indicators:
- Define the concepts of scarcity, choice, trade-offs, specialization, entrepreneurship, productivity, inflation, profits, markets, supply and demand, and unemployment and incentives.
- Analyze the effect of producer and consumer behavior on markets.
- Describe the role of individuals and businesses as consumers, savers, investors, and borrowers.
- Explain how various institutions help individuals and groups accomplish economic goals.
- Describe common forms of credit, savings, investments, purchases, and contractual agreements, e.g., warranties, and guarantees.
- Analyze skills necessary for career opportunities, e.g., individual abilities, skills, and education, and the changing supply and demand for those skills in the economy.
- Describe the development of money, savings, and credit.
Social Studies 8.3.6
Students will compare the United States economic system to systems in other countries.
Example Indicators:
- Describe the government's role in the United States economy, e.g., provision of public goods and services, protection of consumer rights, and the promotion of competition.
- Describe the impact of government policies, on individuals and businesses, taxation, and government borrowing
- Explain how the government addresses third-party costs and benefits, e.g., pollution and medical research.
- Explain the differences between traditional command and market economics.
- Analyze the costs and benefits of instituting different degrees of market, command, and traditional characteristics in to mixed economic systems.