Finer grained standards that are part of this one
Evaluate the costs and benefits of allocating goods and services through public and private means.
Evaluate historical and current social developments and issues from an economic perspective.
Describe and compare relationships among economic institutions (e.g., households, businesses, banks, government agencies and labor unions).
Explain historical and current developments and issues in local, national and global contexts from an economic perspective.
Define inflation and explain its effects on economic systems.
Explain how specialization and division of labor in economic systems increase productivity.
Define and analyze the use of fiscal and monetary policy in the national economic system.
Explain the process of international trade from an economic perspective.
Analyze and evaluate growth and stability in different economic systems.
Analyze a public issue from an economic perspective and propose a socially desirable solution.