6.E.MI.2 Predict and analyze unintended costs and benefits of economic decisions.
6.E.MI.3 Explain how markets exist whenever there is an exchange of goods and services.
6.E.MI.4 Compare the markets of River Valley Civilizations and Classical Empires between 3500 BCE-600 CE
Macroeconomics
6.E.MA.1 Describe how civilizations used bartering to establish mediums of exchange to meet their wants.
6.E.MA.2 Explain how market conditions and economic activity affected the growth of River Valley Civilizations and Classical Empires between 3500 BCE-600 CE.
Specialization, Trade and Interdependence
6.E.ST.1 Compare specialization in two or more civilizations or empires.
6.E.ST.2 Examine how new knowledge, technology and specialization increase productivity.
Incentives, Choices and Decision Making
6.E.IC.1 Analyze the economic choices of individuals, societies and governments.
7th Grade Standards
Microeconomics
7.E.MI.1 Analyze the role of consumers and producers in product markets.
7.E.MI.2 Analyze the relationship between supply and demand.
7.E.MI.3 Categorize the four factors of production and how they are combined to make goods and deliver services.
Macroeconomics
7.E.MA.1 Compare the economic development of traditional and market economies.
7.E.MA.2 Compare how different economic systems choose to allocate the production, distribution and consumption of resources.
Specialization, Trade and Interdependence
7.E.ST.1 Explain the impact of supply and demand on the emergence of global markets.
7.E.ST.2 Analyze the impact of specialization upon trade and the cost of goods and services.
7.E.ST.3 Explain how growing interdependence and advances in technology improve standards of living.
7.E.ST.4 Analyze the interregional trading systems of the Americas, Africa, Asia and Europe between 600-1450.
Incentives, Choices and Decision Making
7.E.IC.1 Analyze how economic choices were made based on scarcity.
7.E.IC.2 Analyze the impact of growth and expansion on the allocation of resources and economic incentives.
8th Grade Standards
Microeconomics
8.E.MI.1 Describe the impact of supply and demand on equilibrium prices and quantities produced in the United States from the Colonial Era to Reconstruction from 1600- 1877.
8.E.MI.2 Assess the ways factors of production are combined in innovative ways resulting in economic growth and increased standards of living.
Macroeconomics
8.E.MA.1 Analyze differing perspectives regarding the role of government in the economy, including the role of money and banking.
8.E.MA.2 Assess how regions of the United States specialized based on supply and demand due to their geographic locations. •
8.E.MA.3 Analyze the purpose of taxation and its impact on government spending.
8.E.MA.4 Analyze how property rights are defined, protected, enforced and limited by government.
Specialization, Trade and Interdependence
8.E.ST.1 Analyze why economic interdependence existed between the regions of the United States between 1783-1877.
Incentives, Choices and Decision Making
8.E.IC.1 Evaluate economic decisions based on scarcity, opportunity costs and incentives.
8.E.IC.2 Assess the impact of growth and expansion on the allocation of resources and economic incentives
Kentucky Economics
8.E.KE.1 Explain how regional trends and policies impacted Kentucky’s economy prior to the Civil War.
8.E.KE.2 Explain how the availability of resources in Kentucky led people to make economic choices from the Colonial Era to Reconstruction from 1600-1877.
All standards are taken from Kentucky Department of Education: Course Standards for 2019-2020 and Beyond