Content Standard: Economics
A. Personal and Consumer Economics
Students will understand that economic decisions are based on the availability of resources and the costs and benefits of choices.
Common Assessment(s):

Performance Indicators Students will be able to:	Essential Elements (Specific grade level learning objectives)			Suggested Performance Activities	Suggested Classroom Assessments	Vocabulary
1. Analyze how scarcity affects individuals' decisions about production and consumption of goods and services.	Consumer Economic Education: scarcity supply and demand personal budgeting			The students will choose a product and track fluctuations in price, consumption, and production.	Given various product scenarios, students will predict whether or not prices will increase or decrease and explain how individuals' decisions about consumption will be impacted.	scarcity production consumption goods services affect predict economy
2. Identify and analyze the factors that contribute to personal spending and savings decisions.	Consumer Economic Education: scarcity supply and demand personal budgeting			Through current events, students will discuss factors that contribute to personal spending and savings decisions.	Given a current event, students will identify products that will be affected by the event and explain how the event contributes to personal spending and savings decisions.	effect economy
3. Use an example to show how incentives affect economic decisions (e.g., tax deferred savings plans, a fast food restaurant's discount promotion).	Consumer Economic Education: scarcity supply and demand personal budgeting			Each student will bring in an incentive from the newspaper and will discuss how the incentive affects economic decisions.	Students will create their own "incentive program" on a self-selected product.	incentive decision deferred promotion discount percent taxes