Alaska
9th-12th GradesState Standards
SS.K-12.EFL: K-12 Economic and Financial Literacy Standards - Alaska Social Studies
SS.9-12: Grade 9 through 12 Standards
SS.9-12.11: Economics Anchor Standard 11: Economic Systems, Models, and Markets
SS.9-12.11.1: Compare and contrast market, command, and traditional economies.
SS.9-12.11.2: Explain the strengths and weaknesses of market, command, and traditional economies.
SS.9-12.11.3: Critique inequities in different economic systems.
SS.9-12.11.4: Explain the roles of buyers and sellers in product, labor, and financial markets.
SS.9-12.11.5: Describe the role of competition in the determination of prices and wages in a market economy.
SS.9-12.11.6: Describe the consequences of competition in specific markets.
SS.9-12.11.7: Explain how externalities (both positive and negative) influence the market.
SS.9-12.11.8: Compare and contrast private and public sector roles in a market economy.
SS.9-12.11.9: Explain the various roles that governments play in the market.
SS.9-12.11.10: Articulate the government's role in market economies when market inequities and/or inefficiencies occur, including historical actions.
SS.9-12.11.11: Assess the possible consequences and impacts of government policies on the economy.
SS.9-12.12: Economics Anchor Standard 12: Decision‐Making and Personal Finance
SS.9-12.12.1: Explain the various types of currency.
SS.9-12.12.2: Examine the opportunities for earning income, including wages/salaries, commissions, benefits, asset development, and dividends.
SS.9-12.12.3: Relate the way that intangible job benefits can affect a person's personal life, career choices, and income.
SS.9-12.12.4: Identify different types of jobs, career sectors, business and nonprofit development opportunities, and other opportunities to personally contribute in the economic workforce.
SS.9-12.12.5: Calculate tax contributions to local, state, and federal governments and describe the benefits that the taxes may provide to individual and societal structures.
SS.9-12.12.6: Assess the economic advantages of saving in a personal account and other long‐ and short‐term investment accounts.
SS.9-12.12.7: Assess the effects of inflation on a personal finance portfolio, including the effects on income, spending, and saving.
SS.9-12.12.8: Investigate ways that personal information is fraudulently obtained.
SS.9-12.12.9: Prepare a budget or spending plan that depicts varying sources of income, a planned saving strategy, taxes, and other sources of fixed and variable spending.
SS.9-12.12.10: Evaluate options for payment on credit cards and the consequences of each option.
SS.9-12.12.11: Describe how a credit score impacts the ability to borrow money and at what rate.
SS.9-12.12.12: Calculate the total cost of repaying a loan under various rates of interest and over different time periods.
SS.9-12.12.13: Explain various types of insurance and the purpose of using insurance to protect financial interests.
SS.9-12.13: Economics Anchor Standard 13: The National Economy
SS.9-12.13.1: Use current data to explain the influence of changes in spending, production, and the money supply on various economic conditions.
SS.9-12.13.2: Use economic indicators to analyze the current and future state of the economy.
SS.9-12.13.3: Evaluate how fiscal and monetary policy choices have economic consequences for different stakeholders in a variety of economic conditions.
SS.9-12.13.4: Explain how the relationship between capital investments and the means of production contribute to the size and development of national economies.
SS.9-12.13.5: Use economic indicators and data to analyze the health of the U.S. economy in relation to other countries.
SS.9-12.13.6: Evaluate how foreign and domestic issues have contributed to U.S. economic growth and contraction over time.
SS.9-12.13.7: Examine the impact of government policies or regulations experienced by a variety of markets, including individuals, businesses, communities, and states.
SS.9-12.14: Economics Anchor Standard 14: The Global Economy
SS.9-12.14.1: Explain the role of specialization in the development of international trade and partnerships between countries.
SS.9-12.14.2: Explain how current globalization trends and policies affect economic growth, labor markets, rights of citizens, the environment, and resource and income distribution in different nations.
SS.9-12.14.3: Explain how economic conditions and policies in one nation increasingly affect economic conditions and policies in other nations.
SS.9-12.14.4: Develop claims about why a country might or might not participate in global trade.
SS.9-12.14.5: Examine the short‐ and long‐term effects of trade agreements on the participating nations.
SS.9-12.14.6: Construct an evidence‐based argument evaluating how global interdependence impacts individuals, institutions, and societies.
SS.9-12.15: Economics Anchor Standard 15: Alaska Economies: State, Local, and Tribal
SS.9-12.15.1: Explain the impact of common resource ownership and resource management on Alaska's economy.
SS.9-12.15.2: Develop a claim for the management of the Permanent Fund using evidence to support its impact on Alaska's economy.
SS.9-12.15.3: Explain the relationship between the Alaska Permanent Fund Corporation and the Permanent Fund Dividend.
SS.9-12.15.4: Compare and contrast the state tax structures of Alaska with other states.
SS.9-12.15.5: Evaluate the effects on local and state economies that would result in increases and decreases in state taxes on resource development.
SS.9-12.15.6: Compare and contrast the varying points of view and opinions regarding global and federal factors in Alaska's resource management, such as increases in global supply.
SS.9-12.15.7: Describe the economic differences between ANCSA regional and local village corporations and Tribal and local governments.
SS.9-12.15.8: Construct an argument about the benefits and/or drawbacks of the profit‐sharing structure of ANCSA regional corporations.
SS.9-12.15.9: Evaluate the impact of Tribal, local, state, and federal governmental policies on the economic well‐being of Alaska citizens.