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Marrs Middle School Extra Value Standards
Omaha Magnet School
5th Grade Economics Extra Value Standards
- Determine the natural, capital, and human resources of a given product.
- Compare and contrast entrepreneurs and inventors, describing the benefit society receives from both.
- Analyze how trade has impacted the United States throughout history and what role it still has in our society.
6th Grade Economics Extra Value Standards
- Identify the human, natural and capital resources used in the production of a product.
- Define gross domestic product and describe how it is calculated.
- Analyze the effects of taxes on consumers.
7th Grade Economics Extra Value Standards
- Demonstrate how economic incentives affect the average citizen.
- Compare and contrast the U.S. economic system with the economic systems of other countries.
- Define imports and exports, describing the relationship of international trade.
8th Grade Economics Extra Value Standards
- Analyze how current events affect the United States economy.
- Define and explain the characteristics of money.
- Describe the risks associated with investments.
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