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Social Studies

High School Correlation of Learning Earning and Investing Curriculum Lessons to the Hawai’i Content and Performance Standards for the Economics Standard can all be found in Social Studies Standard 8: Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems.  Listed here are benchmarks for grade levels 9-11.

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SS.9PD.8.1

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X

SS.9PD.8.2

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SS.9PD.8.3

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X

SS.10.8.1

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SS.10.8.2

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SS.10.8.3

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SS.11.8.1

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SS.11.8.2

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SS.11.8.3

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SS.11.8.4

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SS.9PD.8.1 -Describe the economic functions of government, including providing public goods and services, maintaining competition, redistributing income, correcting for externalities, and stabilizing the economy

SS.9PD.8.2 -Explain how people, individually and collectively, participate in the U.S. economy

SS.9PD.8.3 -Evaluate the degree to which the United States affects and is affected by international economic policies

SS.10.8.1 -Explain the characteristics of the different market structures (i.e. monopoly, oligopoly, monopolistic competition, and pure competition) and their influence on product differentiation, price, barriers for entry, and market efficiency in a competitive marketplace

SS.10.8.2 -Describe the function and responsibilities of the Federal Reserve System in setting and carrying out the nation's monetary policy

SS.10.8.3 -Explain the purpose and/or role of government programs and policies, including unemployment, minimum wage, and Social Security, and their effect on the nation's economy

SS.11.8.1 -Explain how the exchange rate affects trade, imports, exports, and the economy of a nation

SS.11.8.2 -Describe the distribution of the world's resources as it affects international economic relationships

SS.11.8.3 -Describe how the determinants of demand (i.e., income, substitutes, complements, number of buyers, tastes, expectations) affect the price and availability of goods and services

SS.11.8.4 -Describe how the determinants of supply (i.e., price and availability of inputs, technology, government regulation, number of sellers) affect the price and availability of goods and services